Call Us Today: 404-697-0003

Atlanta REALTORS® Market Brief: December 2023

By in REALTORS® Market Brief with 0 Comments

December 20, 2023

December Highlights

The December 2023 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: 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, Paulding, and Rockdale.

Demand: November residential sales were at 3,877, a decrease of 4.7% from the previous year.

Price: Average and median sales prices continue to outpace 2022’s figures, with positive gains. The median sales price in December was $400,000, an increase of 3.2% from last December. The average sales price was $499,000, up 8.1% from the previous year.

Supply: Atlanta area housing inventory totaled 10,273 units in December, a decrease of 7.0% from December 2022. New listings totaled 3,844, down from 2.4% from December 2022 and down 28.8% from the previous month. The month’s supply over a 12-month period increased to 2.3 months.

Share This
About The Author
Tom McCoy

Good Business Ethics are very important to me and instill confidence in my clients that I get the job done correctly. From the first time we meet until the day you close, you'll be working with me to find and walk you through the process to purchase your new home. Because of my construction background, I can more easily assess the value of a home. Put my 25 years of Atlanta REALTOR experience to work for you. I am always learning, I love to help and say hello!

Leave a Reply

Your email address will not be published. Required fields are marked *