February 26, 2024
January Highlights
The January 2024 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: January residential sales were at 2,974, an increase of 2.9% from the previous year.
Price: Average and median sales prices continue to outpace 2022’s figures with positive gains. The median sales price in January was $400,000, an increase of 6.7% from last January. The average sales price was $481,500, up 9.1% from the previous year.
Supply: Atlanta area housing inventory totaled 10,380 units in January, an increase of 0.6% from January 2023. New listings totaled 6,214, up 7.2% from January 2023 and up 61.5% from the previous month. The month’s supply over a 12-month period increased to 2.3 months.