Market Briefs
Atlanta REALTORS® Market Brief: April 2022
May 25, 2022
April Highlights
The April 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: April residential sales were at 6,331, a decrease of 13.8% from the previous year.
Price: Average and median sales prices continue to outpace 2021's figures, with positive gains. The median sales price in April was $412,500, an increase of 20.3% from last April. The average sales price was $500,500, up 18.2% from the previous year.
Supply: Atlanta area housing inventory totaled 7,245 units in April, a decrease of 6.2% from April 2021. New listings totaled 8,153, down 11.7% from April 2021 and down 2.1% from the previous month. The month's supply over a 12-month period increased to 1.1 months.
A Word from 2022 Atlanta REALTORS® President Karen Hatcher:
"Metro Atlanta reached record highs for median and average sales price at $412,500 and $500,500 respectively for April indicating the housing market is still hot," reports Atlanta REALTORS® Association President Karen Hatcher. "This is the first time ever the median price has been over $400,000 and the average price over $500,000."
"As we moved into the busy spring season, we saw a slight increase in inventory with supply inching back over 1 month for the first time since December," says Hatcher. "Although a positive sign, we are still very much in a Seller's market."
"While interest rates are rising, they are historically still low. We are continuing to see multiple offers on homes and offers above the list price. Buyers should continue to stay prepared for a search that could take months," stated Hatcher. "We encourage buyers to work with a REALTOR® and be ready to act quickly. This market requires a very close watchful eye and a strong network as properties go under contract within days of listing."
"As Metro Atlanta continues to progress economically, and with our current state of inventory, we will continue to see rising prices. It's exciting to see the growth of the city, but we need to continue our focus on housing supply, affordability and work to ensure everyone has access to home ownership."
Infographic : Download PDF : Press Release
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.
About the PBOR Market Brief
The Paulding Board of REALTORS® (PBOR) Market Brief is compiled by First Multiple Listing Service (FMLS). For more information on details of this month's report, please contact the Board at 770.866.1397.
*Each month, the numbers reported for the previous month are updated to reflect additional recordings.
About the Paulding Board of REALTORS®
The Paulding Board of REALTORS® (PBOR) has been an instrumental factor in the growth of real estate in Paulding County, Georgia for more than a decade. PBOR serves as a central source of information for its members, with mainly focusing on real estate education, the promotion of professionalism in the industry and representing REALTORS® members with legislative initiatives to create positive change for the real estate community.
About First Multiple Listing Service
First Multiple Listing Service (FMLS) is the premier data services provider for real estate professionals in Georgia. FMLS was founded in 1957 by a group of Brokers who wanted to share their listings and connect buyers and sellers. Today FMLS is the largest MLS in Georgia & the 4th largest MLS in the United States, serving nearly 54,000 real estate Agents & Brokers. For additional information or to start a discussion about how to partner with FMLS please contact join@fmls.com.