Market Snapshot

Across Metro Atlanta, home sales slowed in the second half of 2022, reflecting normal seasonal trends at an accelerated pace due to higher interest rates and uncertain economic conditions. The number of homes sold was down about 30% marketwide compared to Q3 and Q4 2021, and down 22.7% compared to the same period in 2019, a more normal year.

Although new listings declined consistently, the total number of listings went up as homes stayed on the market longer than they did in the hot early 2022 market. went up as homes stayed on the market longer than they did in the hot early 2022 market. Homes averaged

25 days on market in Q3 and Q4 2022. More affordable homes were typically scooped up faster than the more expensive inventory, and townhomes and condominiums sold faster than single-family homes. Inventory remained low at just 2.1 months of supply. This limited

Metro Atlanta Market Summary - All Home Types (Q3 & Q4 2022)

inventory helped to stabilize home prices despite a decline in demand. The average sale price was up 9.9 % year-over-year, and up 44.8% from the same period in 2019, with an average increase of $147,969 since 2019 (including $18,593 last year).

Source: FMLS InfoSparks, Greater Atlanta Area/City of Atlanta/ITP, All home types, All price points, Rolling 6-months as of December 2022 (year-over-year change compared to rolling 6-months as of December 2021)

$400,000 median sale price

$477,701 average sale price

2.1 months of inventory

Single-Family Homes: 2.2 months

Townhomes: 1.9 months

Condominiums: 1.7 months