Atlanta REALTORS® Market Brief: August 2023

August Highlights

The August 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: August residential sales were at 5,088, a decrease of 15.0% from the previous year.

Price: Average and median sales prices continue to outpace 2022’s figures, with positive gains. The median sales price in August was $425,000, an increase of 4.7% from last August. The average sales price was $515,000, up 6.7% from the previous year.

Supply: Atlanta area housing inventory totaled 10,607 units in August, a decrease of 16.5% from August 2022. New listings totaled 6,896, down 15.2% from August 2022 and up 0.4% from the previous month. The month’s supply over a 12-month period increased to 2.3 months.

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The data in this report was compiled by First Multiple Listing Service (FMLS). For more information on details of this month's report, please contact the Association at 404.250.0051.