Market Briefs

Atlanta REALTORS® Market Brief: December 2021

January 24, 2022

December Highlights

Demand: December residential sales were at 6,287, a decrease of 11.3% from the previous year.

Price: Average and median sales prices continue to outpace 2020’s figures, with positive gains. The median sales price in December was $378,000, an increase of 21.9% from last December. The average sales price was $447,000, up 19.2% from the previous year.

Supply: Atlanta area housing inventory totaled 6,852 units in December, a decrease of 22.3% from December 2020. New listings totaled 4,950, down 7.3% from December 2020 and down 21.2% from the previous month. The month’s supply over a 12-month period decreased to 1.0 months.

A Word from 2022 Atlanta REALTORS® President Karen Hatcher:

"The market cycles we’re used to seeing are now less pronounced,"" notes Atlanta REALTORS® Association President Karen Hatcher. "Historically, there was a window of opportunity for buyers in November and December where inventory had a longer shelf life and buyer activity cooled slightly. But that just wasn’t the case for 2021. In fact, inventory dipped further in December to the lowest on record at a single month of supply."

"If the December numbers give us any indication, they firm up our predictions that 2022 will continue to see prices rise," notes Hatcher. "Interest rates are already beginning to tick upward as well, signaling the potential for at least transitory relief in buyer demand. However, this also has the downside of curbing buyers' purchasing power, which could see more buyers, especially at lower price points, pushed out of the market entirely. For sellers, that may result in a gradual tightening of prices throughout the year. "Prices are likely to continue to increase steadily, just perhaps not as steeply," says Hatcher, adding that the shallowing of the price growth curve may be very subtle and see price growth returning to a more normal range by the end of the year."

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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