Atlanta REALTORS® Market Brief: June 2023
August 30, 2023
The June 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: June residential sales were at 5,338, a decrease of 23.3% from the previous year.
Price: Average and median sales prices continue to outpace 2022’s figures, with positive gains. The median sales price in June was $428,000, a decrease of 0.9% from last June. The average sales price was $530,000, up 1.9% from the previous year.
Supply: Atlanta area housing inventory totaled 9,998 units in June, a decrease of 11.5% from June 2022. New listings totaled 7,601, down 26.4% from June 2022 and up 5.3% 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.