Market Briefs

Atlanta REALTORS® Market Brief: February 2021

March 17, 2021

February Highlights

Demand: February residential sales were at 5,094, a decrease of 3.2% from the previous year.

Price: Average and median sales prices continue to outpace 2020’s figures, with positive gains. The median sales price in February was $315,000, an increase of 16.7% from last February. The average sales price was $380,500, up 16.4% from the previous year.

Supply: Atlanta area housing inventory totaled 7,571 units in February, a decrease of 50.6% from February 2020. New listings totaled 6,957, down 11.5% from February 2020 and up 3.1% from the previous month. The month’s supply over a 12-month period decreased to 1.2 months.

A Word from 2021 Atlanta REALTORS® President Cynthia Lippert: 

"The unprecedented seller’s market in Metro Atlanta seems unlikely to slow down anytime soon based on February numbers," stated Cynthia Lippert, 2021 President of the Atlanta REALTORS® Association. “The flattening of sales volume in year over year comparison is a reflection of the continued inventory shortages which are far from meeting buyer demand.”

“It could take a year or more to bring inventory levels back up to meet the demand,” Lippert estimates. “That’s the solution to rebalancing the market.”

“The good news for sellers is that it’s still the best time we’ve seen to sell a home. However, even in a hot market, it’s imperative to work with a professional REALTOR® throughout the process. Amazing results aren’t a given without strategic marketing and proper advice.”

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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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