August 26, 2022
July Highlights
The July 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: July residential sales were at 5,815, a decrease of 25.7% from the previous year.
Price: Average and median sales prices continue to outpace 2021’s figures, with positive gains. The median sales price in July was $420,000, an increase of 15.1% from last July. The average sales price was $498,500, up 13.9% from the previous year.
Supply: Atlanta area housing inventory totaled 12,112 units in July, an increase of 34.6% from July 2021. New listings totaled 8,695, down 6.3% from July 2021 and down 14.0% from the previous month. The month’s supply over a 12-month period increased to 1.9 months.