Atlanta REALTORS® Market Brief - July 2022 Stats

[David G. Barton]

Atlanta REALTORS® Association (ARA), the largest association of its kind in Georgia, released its July 2022 Market Brief on residential housing statistics for 11 area counties in metropolitan Atlanta. The Market Brief, compiled by First Multiple Listing Service (FMLS), provides the only regionally-focused synopsis of monthly sales and home prices for single-family residential properties.

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: 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: 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.

[Cyril Soigneux]

Thanks, do you have more details on the Powder Springs / Dallas, GA for houses with 3 beds/2 baths in terms of prices and price cut possibilities?

[Kalim Kalla]

Quote from @Cyril Soigneux:

Thanks, do you have more details on the Powder Springs / Dallas, GA for houses with 3 beds/2 baths in terms of prices and price cut possibilities?

 That's not data they would spend their time on price cut possibilities moves into speculation and opinion more than fact based data. Trends however you can assume based on the past couple month with causal analysis (affect of interest rates). You would be better off doing your own analysis comping out the area with homes of similar likeness to what you have in mind.