Atlanta REALTORS Association, the largest association of its kind in Georgia, released its September 2020 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
|
Sept 2020 |
Sept 2019 |
% Change |
|
|
Total Home Sales |
6,909 |
6,121 |
12.9% |
|
Median Sales Price |
$311,000 |
$270,000 |
15.2% |
|
Average Sales Price |
$376,500 |
$326,500 |
15.3% |
Monthly Comparison
|
Sept 2020 |
August 2020 |
% Change |
|
|
Total Home Sales |
6,909 |
7,566 |
-8.7% |
|
Median Sales Price |
$311,000 |
$308,000 |
1.0% |
|
Average Sales Price |
$376,500 |
$375,000 |
0.4% |
Demand: September residential sales were at 6,909, an increase of 12.9% from the previous year.
Price: Average and median sales prices continue to gain traction and outpace 2019’s figures, with positive gains. The median sales price in September was $311,000, an increase of 15.2% from last September. The average sales price was $376,500, up 15.3% from the previous year.
Supply: Atlanta area housing inventory totaled 12,418 units in September, a decrease of 36.6% from September 2019. New listings totaled 8,465, down 4.2% from September 2019 and down 5.2% from the previous month. The month’s supply over a 12-month period decreased to 2.0 months.
Largest Metro Counties Sales Comparison
|
Total Units Sold |
Median Sales Price |
Average Sales Price |
|
|
Cobb |
1,202 |
$320,000 |
$360,500 |
|
DeKalb |
939 |
$325,000 |
$376,000 |
|
Fulton |
1,637 |
$370,000 |
$488,500 |
|
Gwinnett |
1,321 |
$286,000 |
$316,500 |
A Word from 2020 Atlanta REALTORS® President Jennifer Pino:
Jennifer Pino, President of the Atlanta REALTORS® Association said, “The Atlanta housing market is extremely robust and we are enjoying ‘spring-like’ activity in terms of the high level of volume. The market appears to have rebounded from the effects of the pandemic earlier in the year, and we have seen a large bump in sales despite the continued low inventory.”
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, Henry and Paulding. The numbers in the reports are updated each month to reflect any additional recordings from the previous month. Each month, the numbers reported for the previous month are updated to reflect additional recordings.
For more information or details on the reports, please contact Atlanta REALTORS at 404-250-0051.