The Atlanta REALTORS® Market Brief examines sales, prices in 11-county metro area
Atlanta, GA – RealEstateRama – Atlanta REALTORS® Association (ARA), the largest association of its kind in Georgia, released its August 2022 Market Brief on residential housing statistics for 11 area counties in metropolitan Atlanta. The Market Brief, compiled by First Multiple Listing Service (FMLS), provides the only regionally-focused synopsis of monthly sales and home prices for single-family residential properties.
|August 2022||August 2021||% Change|
|Total Home Sales||5,838||7,614||-23.3%|
|Median Sales Price||$408,000||$359,000||13.6%|
|Average Sales Price||$484,500||$426,000||13.7%|
|August 2022||July 2022||% Change|
|Total Home Sales||5,838||5,869||-0.5%|
|Median Sales Price||$408,000||$420,000||-2.9%|
|Average Sales Price||$484,500||$498,000||-2.7%|
Demand:August residential sales were at 5,838, a decrease of 23.3% from the previous year.
Price:Average and median sales prices continue to outpace 2021’s figures, with positive gains. The median sales price in August was $408,000, an increase of 13.6% from last August. The average sales price was $484,500, up 13.7% from the previous year.
Supply:Atlanta area housing inventory totaled 12,075 units in August, an increase of 32.8% from August 2021. New listings totaled 7,999, down 10.1% from August 2021 and down 8.2% from the previous month. The month’s supply over a 12-month period increased to 1.9 months.
Largest Metro Counties Sales Comparison
A Word from 2022 Atlanta REALTORS® President, Karen Hatcher:
“The Median Price remains strong in Metro Atlanta at $408,000 which is up 13.6% over this time last year,” reports Atlanta REALTORS® Association President Karen Hatcher. “This continues a trend of year over year double digit increases every month since August 2020.”
“On a positive note for buyers, inventory is now up nearly 33% over last year,” says Hatcher. “While sales are now down, this still represents just under 2 months of homes available for sale which keeps us still deeply in a seller’s market.”
“Demand is still strong but cooling slightly with the median days on market at 10 and average at 20. This is historically extremely low and overall, the Atlanta Market remains strong. With our population growth, it’s still a great time to sell.”
The Atlanta REALTORS® Market Brief is designed to offer an overview of the Atlanta residential market by providing a synopsis of sales and home prices, and covers 11 counties: Cherokee, Clayton, Cobb, DeKalb, Douglas, Forsyth, Fulton, Gwinnett, Fayette, Henry and Paulding. The numbers in the reports are updated each month to reflect any additional recordings from the previous month. Each month, the numbers reported for the previous month are updated to reflect additional recordings.
For more information or details on the reports, please contact Atlanta REALTORS® at 404-250-0051.
About the ATLANTA REALTORS® Association:
The Atlanta REALTORS® is the voice of residential real estate in Metro Atlanta and has been an instrumental factor in the growth of real estate in the state of Georgia for more than a century. As the largest REALTOR® association in Georgia, ARA serves as a central source of information for its members by focusing on real estate education, the promotion of professionalism in the industry and representing members with legislative initiatives to create positive change for the real estate community. While less than 50% of active real estate licensees in Georgia meet the requirements to become REALTORS®, they constitute 80% of the top producing agents. Membership in ARA is the hallmark of quality, professionalism, and production.
First Multiple Listing Service, Inc. (FMLS) is the premier data services provider for real estate professionals in Georgia and throughout the Southeast. FMLS was founded by a handful of real estate brokers in Atlanta in 1957. Today, membership is growing quickly and is spreading in every direction. Currently, FMLS has over 2,700 offices and serves more than 56,000 real estate agents.
Geilia Taylor, Community Engagement & Diversity Director
Reggie McCrary, Chief Executive Officer