Market Briefs

Atlanta REALTORS® Market Brief: August 2021

September 20, 2021

August Highlights

Demand: August residential sales were at 7,284, a decrease of 5.7% from the previous year.

Price: Average and median sales prices continue to outpace 2020’s figures, with positive gains. The median sales price in August was $360,000, an increase of 17.6% from last August. The average sales price was $428,000, up 14.6% from the previous year.

Supply: Atlanta area housing inventory totaled 9,205 units in August, a decrease of 29.8% from August 2020. New listings totaled 8,753, down 3.6% from August 2020 and down 7.1% from the previous month. The month’s supply over a 12-month period decreased to 1.3 months.

A Word from 2021 Atlanta REALTORS® President Cynthia Lippert: 

“With inventory once again reflecting a significant decline in comparison to 2020, and less than half of what was on the market in 2019, the August closings are reflecting this ongoing challenge," stated Cynthia Lippert, 2021 President of the Atlanta REALTORS® Association. “Sales are historically strong for the month of August but are down slightly in comparison to a very robust market in 2020.”

“The standout factor among seasonal patterns, however, is prices, which are steadily increasing without signs of slowing down anytime soon,” says Lippert in reference to the average home price increasing by 14% from 2020, and the median home price increasing by 17%”.

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.

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