Atlanta REALTORS® Association (ARA), the largest association of its kind in Georgia, released its June 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
June 2023 | June 2022 | % Change | |
Total Home Sales | 5,338 | 6,961 | -23.3% |
Median Sales Price | $428,000 | $432,000 | -0.9% |
Average Sales Price | $530,000 | $520,000 | 1.9% |
Previous Monthly Comparison
June 2023 | May 2023 | % Change | |
Total Home Sales | 5,338 | 5,631 | -5.2% |
Median Sales Price | $428,000 | $420,000 | 1.9% |
Average Sales Price | $530,000 | $521,000 | 1.7% |
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.
Largest Metro Counties Sales Comparison
Cobb | 918 | $430,000 | $490,000 |
DeKalb | 772 | $398,500 | $500,000 |
Fulton | 1,300 | $494,000 | $674,000 |
Gwinnett | 1,005 | $425,000 | $474,000 |
A Word from 2023 Atlanta REALTORS® President, Michael Fischer:
“The current state of the real estate market reflects a mix of trends,” reports Atlanta REALTORS® Association President Michael Fischer. “While the number of transactions reflects a decrease from the previous year, the total inventory has actually declined and remains significantly lower than what…
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