April 15, 2022
The March 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: March residential sales were at 6,585, a decrease of 11.3% from the previous year.
Price: Average and median sales prices continue to outpace 2021’s figures, with positive gains. The median sales price in March was $395,000, an increase of 19.7% from last March. The average sales price was $473,000, up 19.6% from the previous year.
Supply: Atlanta area housing inventory totaled 6,478 units in March, a decrease of 9.2% from March 2021. New listings totaled 8,280, down 9.2% from March 2021 and up 24.2% from the previous month. The month’s supply over a 12-month period increased to 1.0 months.