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Atlanta REALTORS® Market Brief: October 2023

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November 20, 2023

October Highlights

The October 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: October residential sales were at 4,091, a decrease of 11.1% from the previous year.

Price: Average and median sales prices continue to outpace 2022’s figures, with positive gains. The median sales price in October was $420,000, an increase of 6.3% from last October. The average sales price was $512,000, up 7.6% from the previous year.

Supply: Atlanta area housing inventory totaled 11,693 units in October, a decrease of 13.1% from October 2022. New listings totaled 6,614, down 1.0% from October 2022 and up 2.8% from the previous month. The month’s supply over a 12-month period increased to 2.6 months.

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About The Author
Tom McCoy

Good Business Ethics are very important to me and instill confidence in my clients that I get the job done correctly. From the first time we meet until the day you close, you'll be working with me to find and walk you through the process to purchase your new home. Because of my construction background, I can more easily assess the value of a home. Put my 25 years of Atlanta REALTOR experience to work for you. I am always learning, I love to help and say hello!

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