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Atlanta REALTORS® Market Brief: August 2022

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September 22, 2022

August Highlights

The August 2022 Market Brief, compiled by First Multiple Listing Service (FMLS), provides a regionally focused synopsis of monthly sales and home prices for residential properties in Metro Atlanta. This summary covers 11 counties: Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Paulding, and Rockdale.

Demand: August residential sales were at 5,838, a decrease of 23.3% from the previous year.

Price: Average and median sales prices continue to outpace 2021’s figures, with positive gains. The median sales price in August was $408,000, an increase of 13.6% from last August. The average sales price was $484,500, up 13.7% from the previous year.

Supply: Atlanta area housing inventory totaled 12,075 units in August, an increase of 32.8% from August 2021. New listings totaled 7,999, down 10.1% from August 2021 and down 8.2% from the previous month. The month’s supply over a 12-month period increased to 1.9 months.

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Tom McCoy

With a steadfast commitment to good business ethics, I ensure my clients feel confident and secure from our very first meeting to the day we close on your new home. My goal is to provide you with a seamless, supportive, and informative home-buying experience. Leveraging my extensive 31-year background as a REALTOR® in Atlanta and my deep understanding of construction, I offer a unique ability to accurately assess the true value of properties. This expertise allows me to guide you in making the best investment decisions. When you choose to work with me, you’re not just getting a real estate agent—you’re gaining a dedicated partner who will walk with you through every step of the process. My ongoing commitment to learning and my passion for helping clients achieve their dreams are the cornerstones of my service. Put my decades of experience and local market knowledge to work for you. Let’s embark on this journey together and find your perfect home in Atlanta. I look forward to meeting you and helping you make your real estate dreams a reality.

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