Atlanta REALTORS® Association (ARA), the largest association of its kind in Georgia, released its February 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
|
|
February 2023 |
February 2022 |
% Change |
|
Total Home Sales |
3,840 |
5,314 |
-27.7% |
|
Median Sales Price |
$387,000 |
$380,000 |
1.8% |
|
Average Sales Price |
$461,500 |
$442,000 |
4.4% |
Monthly Comparison
|
|
February 2023 |
January 2023 |
% Change |
|
Total Home Sales |
3,840 |
2,861 |
34.2% |
|
Median Sales Price |
$387,000 |
$375,000 |
3.2% |
|
Average Sales Price |
$461,500 |
$442,500 |
4.3% |
Demand: February residential sales were at 3,840, a decrease of 27.7% from the previous year.
Price: Average and median sales prices continue to outpace 2022’s figures, with positive gains. The median sales price in February was $387,000, an increase of 1.8% from last February. The average sales price was $461,500, up 4.4% from the previous year.
Supply: Atlanta area housing inventory totaled 9,230 units in February, an increase of 39.9% from February 2022. New listings totaled 5,416, down 22.8% from February 2022 and down 5.0% from the previous month. The month’s supply over a 12-month period decreased to 1.7 months.
Largest Metro Counties Sales Comparison
|
|
Total Sales |
Median Price |
Average Price |
|
Cobb |
636 |
$400,000 |
$450,500 |
|
DeKalb |
563 |
$349,000 |
$417,000 |
|
Fulton |
858 |
$415,000 |
$570,000 |
|
Gwinnett |
729 |
$390,000 |
$436,500 |
A Word from 2023 Atlanta REALTORS® President, Michael Fischer:
“As…
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