Atlanta REALTORS® Association (ARA), the largest association of its kind in Georgia, released its September 2023 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
September 2023 | September 2022 | % Change | |
Total Home Sales | 4,371 | 5,481 | -20.3% |
Median Sales Price | $410,000 | $400,000 | 2.5% |
Average Sales Price | $502,000 | $477,500 | 5.1% |
Previous Monthly Comparison
September 2023 | August 2023 | % Change | |
Total Home Sales | 4,371 | 5,190 | -15.8% |
Median Sales Price | $410,000 | $425,000 | -3.5% |
Average Sales Price | $502,000 | $515,500 | -2.6% |
Demand: September residential sales were at 4,371, a decrease of 20.3% from the previous year.
Price: Average and median sales prices continue to outpace 2022’s figures, with positive gains. The median sales price in September was $410,000, an increase of 2.5% from last September. The average sales price was $502,000, up 5.1% from the previous year.
Supply: Atlanta area housing inventory totaled 11,252 units in September, a decrease of 16.4% from September 2022. New listings totaled 6,422, down 17.0% from September 2022 and down 7.8% from the previous month. The month’s supply over a 12-month period increased to 2.4 months.
Largest Metro Counties Sales Comparison
Cobb | 707 | $416,000 | $487,500 |
DeKalb | 617 | $360,000 | $463,000 |
Fulton | 1,064 | $430,000 | $593,000 |
Gwinnett | 845 | $425,000 | $478,000 |
A Word from 2023 Atlanta REALTORS® President, Michael Fischer:
“The metro-Atlanta housing market has seen the year-over-year median price and average price appreciation shrink over the last several months, to be more in line with historical averages,” reports Atlanta REALTORS® Association President…
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