Market Briefs

Atlanta REALTORS® Market Brief: June 2021

July 20, 2021

June Highlights

Demand: June residential sales were at 7,637, an increase of 2.0% from the previous year.

Price: Average and median sales prices continue to outpace 2020’s figures, with positive gains. The median sales price in June was $372,500, an increase of 26.3% from last June. The average sales price was $452,500, up 28.2% from the previous year.

Supply: Atlanta area housing inventory totaled 8,739 units in June, a decrease of 40.1% from June 2020. New listings totaled 9,636, up 2.7% from June 2020 and up 12.9% from the previous month. The month’s supply over a 12-month period increased to 1.3 months.

A Word from 2021 Atlanta REALTORS® President Cynthia Lippert: 

“The increase in the median price for the Metro Atlanta area continues to reflect the inventory shortage that we have experienced this year," stated Cynthia Lippert, 2021 President of the Atlanta REALTORS® Association. “Inventory remains historically low with only 1.3 months of supply although we have seen some initial signs of this beginning to ease.”

“While we’re not expecting a dramatic shift in the market, the continued growth in prices should entice more sellers and reinforce growing inventory levels. We expect the divide between consumer demand and the inventory shortage to gradually narrow,” proclaims Lippert. “This will not happen overnight so we are encouraging buyers that it will take some patience and hard work, and communication with your agent is as critical as ever.”

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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