March 15, 2022
February Highlights
The February 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: February residential sales were at 5,073, a decrease of 5.0% from the previous year.
Price: Average and median sales prices continue to outpace 2021’s figures, with positive gains. The median sales price in February was $380,000, an increase of 21.4% from last February. The average sales price was $445,000, up 17.7% from the previous year.
Supply: Atlanta area housing inventory totaled 6,095 units in February, a decrease of 15.2% from February 2021. New listings totaled 6,634, down 3.8% from February 2021 and up 6.9% from the previous month. The month’s supply over a 12-month period decreased to 0.9 months.