September 22, 2022
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.