Market Briefs

Atlanta REALTORS® Market Brief: December 2020

January 19, 2021

December Highlights

Demand: December residential sales were at 6,635, an increase of 6.1% 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 December was $310,000, an increase of 12.1% from last December. The average sales price was $377,500, up 12.4% from the previous year.

Supply: Atlanta area housing inventory totaled 8,806 units in December, a decrease of 44.8% from December 2019. New listings totaled 5,219, up 0.6% from December 2019 and down 16.8% from the previous month. The month’s supply over a 12-month period decreased to 1.4 months.

A Word from 2021 Atlanta REALTORS® President Cynthia Lippert: 

"December sales continued at a robust pace for Metro Atlanta, outpacing early predictions, and signs point to this pace continuing into 2021," stated Cynthia Lippert, 2021 President of the Atlanta REALTORS® Association. "Interest rates remain low and market conditions still remain favorable, bolstering expectations for continued growth."

"Inventory remains a concern as the supply has declined further to 1.3 months of availability. In an extreme seller's market, preparation is absolutely paramount for buyers facing a strong likelihood of multiple bid competition across many price points. Agents should encourage their clients to have approved financing in place and be ready to submit an offer as soon as a property becomes available.”

 

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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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