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  • Metro Atlanta Housing Market Snapshot

    Thursday, June 3, 2021   /   by David Monroe

    Metro Atlanta Housing Market Snapshot

    The housing market, while still outperforming 2020 with increases in units sold and sales volume, is showing signs of cooling off by key indicators over the past 3 months.

      • Both the 29 county Atlanta Metropolitan Statistical Area and the 12 county Atlanta core area have shown decreases in units sold and under contract listings for 3 straight months, and for the first time in 5 months, sales volume has declined by 2.7% in the MSA and by 2.5% in the core counties.

      • Inventory levels remain extremely low with Active listings of residential properties off by 59% compared to May of 2020. The low level of housing supply has driven up the Median Sales Price by 24% in the Atlanta MSA for the first 5 months of 2021.

    The Median Sales Price in the MSA has increased from $275,000 in January to $341,500 in May.