Market Briefs

Atlanta REALTORS® Market Brief: May 2020

June 10, 2020

May Highlights

Demand: May residential sales were at 4,085, a decrease of 36.8% from the previous year.

Price: Average and median sales prices continue to gain traction and outpace 2019’s figures, with positive gains. The median sales price in May was $291,000, an increase of 0.3% from last May. The average sales price was $351,000, down -0.6% from the previous year.

Supply: Atlanta area housing inventory totaled 11,313 units in May, a decrease of 23.7% from May 2019. New listings totaled 3,915, down 35.8% from May 2019 and up 5.4% from the previous month. The month’s supply over a 12-month period decreased to 2.3 months.

A Word from 2020 Atlanta REALTORS® President Jennifer Pino:

"While prices remain steady, sales for May reflect the impact of the Shelter in Place Order that Metro Atlanta residents were following during March and April. Based on the showing activity during those months, this was an expected decline and will continue to affect the overall sales for the early part of the summer," said Jennifer Pino, President of the Atlanta REALTORS® Association. "Interest rates are now at historic lows falling below 3% in many cases so combined with the re-opening of many businesses, we have seen the showing activity and pending sales trending upward over the last month. Based on this trend, activity is expected to trend higher overall this summer as compared to last summer."

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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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