The January 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: January residential sales were at 4,289, a decrease of 8.8% from the previous year.
Price: Average and median sales prices continue to outpace 2021’s figures, with positive gains. The median sales price in January was $375,000, an increase of 23.0% from last January. The average sales price was $438,500, up 16.9% from the previous year.
Supply: Atlanta area housing inventory totaled 6,240 units in January, a decrease of 24.2% from January 2021. New listings totaled 6,166, down 12.3% from January 2021 and up 24.1% from the previous month. The month’s supply over a 12-month period decreased to 0.9 months.