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.
About The Author
