Atlanta REALTORS® Releases December 2020 Statistics on Housing Market

National -

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 December 2020 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.

Annual Comparison

Dec 2020

Dec 2019

% Change

Total Home Sales

6,635

6,252

6.1%

Median Sales Price

$310,000

$276,500

12.1%

Average Sales Price

$377,500

$336,000

12.4%

Monthly Comparison

Dec 2020

Nov 2020

% Change

Total Home Sales

6,635

6,193

7.1%

Median Sales Price

$310,000

$310,000

0.0%

Average Sales Price

$377,500

$375,500

0.5%

Demand: December residential sales were at 6,635, an increase of 6.1% from the previous year.

Price: Average and median sales prices continue to gain traction and outpace 2019’s figures, with positive gains. The median sales price in December was $310,000, an increase of 12.1% from last December. The average sales price was $377,500, up 12.4% from the previous year.

Supply: Atlanta area housing inventory totaled 8,806 units in December, a decrease of 44.8% from December 2019. New listings totaled 5,219, up 0.6% from December 2019 and down 16.8% from the previous month. The month’s supply over a 12-month period decreased to 1.4 months.

Largest Metro Counties Sales Comparison

Total Units Sold

Median Sales Price

Average Sales

Price

Cobb

1,129

$325,000

$366,500

DeKalb

932

$310,000

$378,000

Fulton

1,676

$350,000

$465,000

Gwinnett

1,269

$290,000

$322,500

A Word from 2021 Atlanta REALTORS® President Cynthia Lippert:

“December sales continued at a robust pace for Metro Atlanta, outpacing early predictions, and signs point to this pace continuing into 2021,” stated Cynthia Lippert, 2021 President of the Atlanta REALTORS® Association. “Interest rates remain low and market conditions still remain favorable, bolstering expectations for continued growth.”

“Inventory remains a concern as the supply has declined further to 1.3 months of availability. In an extreme seller’s market, preparation is absolutely paramount for buyers facing a strong likelihood of multiple bid competition across many price points. Agents should encourage their clients to have approved financing in place and be ready to submit an offer as soon as a property becomes available.”

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.

About FMLS:

First Multiple Listing Service, Inc. (FMLS) is the premier data services provider for real estate professionals in Georgia. 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 2,300 offices and serves more than 43,000 real estate agents. The FMLS listing database contains more than 31,000 active listings located all over Georgia and the Southeast.

CONTACTS:

Atlanta REALTORS® Association

Joel McRae, Digital Marketing Specialist

Office: 404.732.0613

" rel="noreferrer">

 

Reggie McCrary, Chief Executive Officer

Office:  404.732.0601

" rel="noreferrer">

Previous articleNew Appraisal Institute Text Demonstrates Essential Valuation Techniques
Next articleThinking About Selling Your Home: Consider These Factors Beforehand