This Metro Atlanta housing summary covers 11 counties: Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Paulding and Rockdale.
Sales: March residential sales were at 6,952, an increase of 7.3% from the previous year.
Prices: Average and median sales prices continue to outpace 2020’s figures, with positive gains. The median sales price in March was $330,000, an increase of 15.8% from last March. The average sales price was $396,500, up 15.9% from the previous year.
Supply: Atlanta area housing inventory totaled 7,426 units in March, a decrease of 55.8% from March 2020. New listings totaled 8,767, down 7.4% from March 2020 and up 25.4% from the previous month. The month’s supply over a 12-month period decreased to 1.1 months.
I’m very challenged with the lack of inventory, but I see the increase in sales as a good thing. I’m having to get creative for buyers with seeing off-market listings, as well as reaching out to homeowners whose homes my buyer clients may be interested in. As John Adams said, “Every problem is an opportunity in disguise.”
To read more, see here.
