Metro Atlanta Sales Prices at Highest in Over a Decade

Across metro-Atlanta, months of inventory (based on closed sales) remains at a historic low of 1.2 Months of Supply. However, pending sales, a leading indicator of market supply/demand, has dipped to its lowest point in over a decade, sitting at nearly 0.8 months of supply. For a concise overview of our current market, below are facts and figures broken down into product type:

Condos: 1.6 months of supply

A decrease of 40% year over year.

Townhomes: 1 months of supply

A decrease of 48% year over year.

Single Family Homes: 1 months of supply

A decrease of 43% year over year.

If you are considering a home sale, historically, the winter months were less promising than other months throughout the year. 2021 is looking a bit different, and our team of expert advisors is here to help you capitalize on the current opportunity at hand.

On a positive note, and as most recent predictions notate, sales prices have continued to climb with over 22% price appreciation in the past year, the highest rate in over a decade, with the current avg. sale price sitting at $374,900 across metro-Atlanta. The average sales prices by product type are as follows:

Condos: $269,000

An increase of 8.8% year over year.

Townhomes: $315,000

An increase of 18% year over year.

Single Family Homes: $367,500

An increase of 21% year over year.

^{Source: TrendGraphix, FMLS, Jan. 2012- Nov. 2021, Metro-Atlanta area.}

To stay up to date with all market trends, visit www.evatlanta.com