Market Briefs

Atlanta REALTORS® Market Brief: July 2022

August 26, 2022

July Highlights

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: Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, 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.

Karen HatcherA Word from 2022 Atlanta REALTORS® President Karen Hatcher:

“The median and average sales prices continue to trend higher with a 15.1% increase in the median price and a 13.9% increase in the average price over 2021,” reports Atlanta REALTORS® Association President Karen Hatcher. “We are still seeing multiple offers within a few days for properties that are priced appropriately.”

“Sales are trending lower compared to last year with the rising interest rates being the main factor,” says Hatcher. “Despite this lower trend, the economic activity in the metro area coupled with domestic migration has kept demand strong with median days on the market at 7 and average days at 16.”

“We reached our highest inventory level since October 2020 with a 34% increase to 1.9 months, however, we are still well in a Seller’s market. Seller’s still have much to gain with the median sales price above $400,000 and the average price near $500,000 helping Metro Atlanta’s real estate market continue to thrive.”

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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