The Atlanta REALTORS® Market Brief examines sales, prices in 11-county metro area
Atlanta, GA (February 22, 2022) – Atlanta REALTORS® Association (ARA), the largest association of its kind in Georgia, released its January 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.
|January 2022||January 2021||% Change|
|Total Home Sales||4,289||4,702||-8.8%|
|Median Sales Price||$375,000||$305,000||23.0%|
|Average Sales Price||$438,500||$375,000||16.9%|
|January 2022||December 2021||% Change|
|Total Home Sales||4,289||6,514||-34.2%|
|Median Sales Price||$375,000||$377,000||-0.5%|
|Average Sales Price||$438,500||$444,000||-1.2%|
Demand: January residential sales were at 4,289, a decrease of 8.8% from the previous year.
Price: Average and median sales prices continue to outpace 2021’s figures, with positive gains. The median sales price in January was $375,000, an increase of 23.0% from last January. The average sales price was $438,500, up 16.9% from the previous year.
Supply: Atlanta area housing inventory totaled 6,240 units in January, a decrease of 24.2% from January 2021. New listings totaled 6,166, down 12.3% from January 2021 and up 24.1% from the previous month. The month’s supply over a 12-month period decreased to 0.9 months.
Largest Metro Counties Sales Comparison
|Total Units Sold||Median Sales Price||Average Sales Price|
A Word from 2022 Atlanta REALTORS® President, Karen Hatcher:
“It’s worth noting that 2022 will be the first year of somewhat normalized data, in that it’s not being compared to 2020,” notes Atlanta REALTORS® Association President Karen Hatcher.
“Carrying over from the strong trend at the end of last year, sales continue to show year over year decline as the inventory that’s making it to the market just isn’t sufficient to meet demand,” stated Hatcher. “With inventory continuously falling short, prices are naturally going to keep increasing,” Hatcher warns buyers. “It’s going to take a long time for supply to catch up, which means it’s only going to get more expensive to buy, not less.”
“For anyone considering buying or selling in the coming year, it’s going to be especially important to plan carefully,” cautions Hatcher, adding that although it may seem straightforward, it’s not a time to try to go it alone. We expect more consumers to choose to work with a professional REALTOR® as the market gets increasingly nuanced throughout this year.
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.
Atlanta REALTORS® Association
Geilia Taylor, Community Engagement & Diversity Director
Reggie McCrary, Chief Executive Officer