Atlanta REALTORS® Market Brief: July 2023
August 30, 2023
The July 2023 Market Brief, compiled by First Multiple Listing Service (FMLS), provides a regionally focused synopsis of monthly sales and home prices for residential properties in Metro Atlanta. This summary covers 11 counties: 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, Paulding, and Rockdale.
Demand: July residential sales were at 4,717, a decrease of 20.1% from the previous year.
Price: Average and median sales prices have fluctuated recently compared to 2022’s figures. The median sales price in July was $420,500, an increase of 0.1% from last July. The average sales price was $510,500, up 2.6% from the previous year.
Supply: Atlanta area housing inventory totaled 10,169 units in July, a decrease of 20.5% from July 2022. New listings totaled 6,842, down 23.0% from July 2022 and down 10.4% from the previous month. The month’s supply over a 12-month period increased to 2.1 months.
The data in this report was compiled by First Multiple Listing Service (FMLS). For more information on details of this month's report, please contact the Association at 404.250.0051.