2023 Q4 Market Snapshot | Ralph E. Herrera, Engel & Völkers Atlanta

Q4 Q2 2023 Atlanta Market Snapshot

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MARKET SNAPSHOT 2 0 2 3

Q 4

A T L A N T A , G E O R G I A

RALPH E. HERRERA | ENGEL & VÖLKERS ATLANTA Source: FMLS, InfoSparks, TrendGraphix, Q4 Q2 2023 (4/1/23 (10/1/23to to6/30/23) 12/31/23)

M +1 404.358.4045 | O +1 404.845.7724 ralph.herrera@evatlanta.com Source: 1/1/2021 – 7/31/2021 provided by FMLS ralphherrera.evatlanta.com

evatlanta.com

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Q4 2023 Atlanta Market Snapshot

2

Market Snapshot 2 0 2 3

Q 4

A T L A N T A , G E O R G I A

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

Q4 2023 Atlanta Market Snapshot

Market Overview

3

4-7

Single-Family Homes Inside the Perimeter

8 - 27

Outside the Perimeter

28 - 45

Condominiums Inside the Perimeter

46 - 55

Outside the Perimeter

56 - 61

Townhomes Inside the Perimeter

62 - 71

Outside the Perimeter

72 - 83

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

Q4 2023 Atlanta Market Snapshot

4

Market Overview Q4 2023 proved to be an extension of not only Q3 2023, but the year as a whole. Mortgage interest rates continued their climb, peaking at a high of almost 8% in November. By the end of the year, they moderated to 7%.

New listings, pending sales and closed sales all trailed to a low point that paralleled Q4 2022. On average for Q4 2023 vs Q3 2023, new listings,

Q4 2024 at a Glance

pending sales and closed sales decreased by 18% - 23%. The year closed as it began; the shortage of new listings and the mortgage interest rate

11,736

stalemate continued to suppress the market.

Homes Sold

There were 11,739 closed sales in Q4 which is 18.75% less than the 14,445 in Q3 2023. The average price remained stable, decreasing by only 0.93% from $508,532 to $503,820. Inventory levels crept up to 2.5 months over 2 months in the previous quarter and, the average days on market increased by 5 days from 27 to 32.

The big question many people

that it is financially lucrative. In

have is why do we continue to

June 2023, it was reported that

have low inventory levels that

more than 9 of every 10

are suppressing the market?

homeowners have an interest rate

Simply put, homeowners have

below 6%. Almost 4 in 5 have an

unprecedentedly low mortgage

interest rate below 5% and nearly

interest rates and cannot or will

one quarter have a rate below 3%.

not make a move to a new home until interest rates moderate to a level that meets their requirements. Additionally, many are making decisions to rent homes they are moving from because their rate is low enough

When interest rates began to rise in 2022, most homeowners believed that mortgage interest rates would moderate quickly, providing them the opportunity to

$503,872 Average Sale Price

2.5

Months of Inventory

32

Average Days On Market

purchase in the near future. The opposite

Source: FMLS InfoSparks, Greater Atlanta Area (Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Henry, and Rockdale Counties) All home types, All price points, Rolling 3-months as of December 2023, RedFin News, June 14, 2023

evatlanta.com

Q4 2023 Atlanta Market Snapshot

5

happened. Mortgage interest

buy. With inventory levels still at

The rest of this report provides

rates continued to climb through

historic lows, many homebuyers

a snapshot of key metrics by

2022 and 2023 to the peak of

understand that now is the

home type (single-family homes,

8% in Q4 2023. In December of

time to buy as they understand

townhomes and, condominiums) and

2023, the Federal Reserve Board

that when mortgage interest

submarket, including neighborhoods

(FRB) signaled that interest rates

rates do moderate, there will

Inside the Perimeter (ITP) and

cuts would start happening in

be a flood of homebuyers in the

Outside the Perimeter (OTP).

Q2 2024 but, strong jobs reports

market. These savvy buyers are

and consumer spending has

beginning to move on with their

led to the FRB retracting from

lives and are making decisions

their optimism about rate cuts.

to take advantage of incentives

Because of this, many homebuyers

offered by sellers that include

continue to sit on the sidelines

mortgage interest rate buy down

waiting for rate changes.

options. That said, with so few

To learn more about homes selling in your neighborhood or your dream location, reach out to your Engel & Völkers Advisor for more detailed information about trends in your area.

options, many homebuyers are

What does this all mean for a

still encountering multiple offer

homebuyer in Atlanta? Now

Christa Huffstickler Founder & CEO Engel & Volkers Atlanta

situations when a new home

could not be a better time to

comes to market.

Metro Atlanta Market Summary (Q4 2023) Metro Atlanta Closed Sales Pending Sales Active Listings New Listings

11,736

q -18.75%

10,448

q -23.3%

11,185

p +5.75%

15,852

City of Atlanta 2,056

q -17.63%

1,799

q -24.57%

2,743

p +7.61%

3,318

ITP 2,303

q -18.97%

2,012

q -25.76%

3,037

p +7.13%

3,709

q -21.76%

q -21.86%

q -22.71%

Median Sale Price

$410,000 q -2.38%

$420,000 p +1.2%

p +2.05%

Average Sale Price

$503,820 q -0.93%

p +3.36%

Average Price Per Square Foot Average Sale Price to Original List Price Ratio Months of Inventory Average Days on Market

$212

q -0.93%

97%

q -1.22%

2.5

p +8.7%

32

p +18.52%

$581,378 $279

q -1.76%

96.1%

q -1.13%

3.5

p +9.37%

36

p +16.13%

$447,500 $612,781

p +4.03%

$288

q -1.71%

96.1%

q -1.33%

3.4

p +9.68%

34

p +13.33%

q Down Quarter-Over-Quarter (QOQ) p Up Quarter-Over-Quarter (QOQ)

Source: FMLS InfoSparks, Greater Atlanta Area/City of Atlanta/ITP, All home types, All price points, Rolling 3-months as of December 2023 (Q4 2023 over Q4 2022)

evatlanta.com

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Q4 2023 Atlanta Market Snapshot

Metro Atlanta New Listings Impact on Average Sale Price and Closed and Pending Sales

Source: FMLS InfoSparks, Greater Atlanta Area, All Home Types, January 2022 - December 2023

Metro Atlanta Supply Dynamics Summary (January 2022 - December 2023)

Source: FMLS InfoSparks, Greater Atlanta Area, All Home Types - January 2022 - December 2023

evatlanta.com

Q4 2023 Atlanta Market Snapshot

Metro Atlanta Pending and Closed Sales vs. Interest Rates (January 2022 - December 2023)

Source: FMLS InfoSparks, Greater Atlanta Area, All Home Types, January 2022 - December 2023

Metro Atlanta Home Inventory (January 2022 - December 2023)

Source: FMLS InfoSparks, Greater Atlanta Area, All Home Types, January 2022 - December 2023

evatlanta.com

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Q4 2023 Atlanta Market Snapshot

8

Single-Family Homes INSIDE THE PERIMETER

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

Q4 2023 Atlanta Market Snapshot

9

Ansley Park / Sherwood Forest S IN GLE-FA M ILY H O M E S

11

Homes Sold

$1,570,000 Median Closed Sales Price

$1,862,273 Average Closed Sales Price

5.3

Months of Inventory

25

Average Days On Market

Avondale Estates S IN GLE-FA M ILY H O M E S

16

Homes Sold

$720,000 Median Closed Sales Price

$742,531

Average Closed Sales Price

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

1.1

Months of Inventory

13

Average Days On Market

Q4 2023 Atlanta Market Snapshot

10

Brookhaven S IN GLE-FA M I LY H O M E S

99

Homes Sold

$850,000 Median Closed Sales Price

$974,421

Average Closed Sales Price

2.5

Months of Inventory

22

Average Days On Market

Brookwood Hills S IN GLE -FA M ILY H O M E S

1

Homes Sold

$1,180,000 Median Closed Sales Price

$1,180,000 Average Closed Sales Price

3.5

Months of Inventory

5

Average Days On Market

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

Q4 2023 Atlanta Market Snapshot

11

Buckhead S IN GLE -FA M I LY H O M E S

175 Homes Sold

$1,300,000 Median Closed Sales Price

$1,680,606 Average Closed Sales Price

4.2

Months of Inventory

29

Average Days On Market

Cabbagetown S IN GLE-FA M I LY H O M E S

4

Home Sold

$720,500 Median Closed Sales Price

$767,250 Average Closed Sales Price

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

0.7

Months of Inventory

33

Average Days On Market

Q4 2023 Atlanta Market Snapshot

12

Cascade East S IN GLE-FA M I LY H O M E S

60

Homes Sold

$275,000 Median Closed Sales Price

$312,873

Average Closed Sales Price

4.7

Months of Inventory

55

Average Days On Market

Cascade West S IN GLE -FA M ILY H O M E S

30

Homes Sold

$285,500 Median Closed Sales Price

$306,074 Average Closed Sales Price

3.6

Months of Inventory

43

Average Days On Market

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

Q4 2023 Atlanta Market Snapshot

13

Chamblee S IN GLE-FA M I LY H O M E S

25

Homes Sold

$487,600 Median Closed Sales Price

$489,200 Average Closed Sales Price

1.4

Months of Inventory

14

Average Days On Market

Chastain Park S IN GLE -FA M I LY H O M E S

20

Homes Sold

$2,250,000 Median Closed Sales Price

$2,736,332 Average Closed Sales Price

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

4.3

Months of Inventory

45

Average Days On Market

Q4 2023 Atlanta Market Snapshot

14

College Park S IN GLE -FA M ILY H O M E S

6

Homes Sold

$441,500 Median Closed Sales Price

$508,798 Average Closed Sales Price

4.0

Months of Inventory

72

Average Days On Market

Collier Hills/ Ardmore Park

S IN GLE-FA M ILY H O M E S

10

Home Sold

$955,750 Median Closed Sales Price

$920,750 Average Closed Sales Price

1.3

Months of Inventory

10

Average Days On Market

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

Q4 2023 Atlanta Market Snapshot

15

Decatur

S IN GLE-FA M ILY H O M E S

31

Homes Sold

$725,000

$845,623

Median Closed Sales Price

Average Closed Sales Price

1.5

Months of Inventory

28

Average Days On Market

Druid Hills/ Emory S IN GLE- FA M ILY H O M E S

24

Homes Sold

$1,040,000 Median Closed Sales Price

$1,096,828 Average Closed Sales Price

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

2.4

Months of Inventory

21

Average Days On Market

Q4 2023 Atlanta Market Snapshot

16

East Atlanta S IN GLE -FA M ILY H O M E S

25

Homes Sold

$557,000 Median Closed Sales Price

$561,870 Average Closed Sales Price

2.1

Months of Inventory

33

Average Days On Market

East Lake S IN GLE-FA M I LY H O M E S

13

Homes Sold

$599,000 Median Closed Sales Price

$723,340 Average Closed Sales Price

3.2

Months of Inventory

44

Average Days On Market

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

Q4 2023 Atlanta Market Snapshot

17

East Point S IN GLE-FA M I LY H O M E S

53

Homes Sold

$290,000 Median Closed Sales Price

$309,479 Average Closed Sales Price

5.7

Months of Inventory

42

Average Days On Market

Edgewood S IN GLE- FA M ILY H O M E S

9

Homes Sold

$627,500 Median Closed Sales Price

$636,206 Average Closed Sales Price

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

3.5

Months of Inventory

15

Average Days On Market

Q4 2023 Atlanta Market Snapshot

18

Garden Hills S IN GLE -FA M ILY H O M E S

8

Homes Sold

$1,550,000 Median Closed Sales Price

$1,404,738 Average Closed Sales Price

2.8

Months of Inventory

64

Average Days On Market

Grant Park/ Glenwood Park S IN GLE- FA M ILY H O M E S

22

Homes Sold

$624,500 Median Closed Sales Price

$737,545 Average Closed Sales Price

2.4

Months of Inventory

10

Average Days On Market

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

Q4 2023 Atlanta Market Snapshot

19

Hapeville/ Thomasville

S IN GLE-FA M ILY H O M E S

15

Homes Sold

$350,000 Median Closed Sales Price

$356,200 Average Closed Sales Price

4.9

Months of Inventory

85

Average Days On Market

Inman Park S IN GLE -FA M ILY H O M E S

5

Homes Sold

$1,400,000 Median Closed Sales Price

$1,334,796 Average Closed Sales Price

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

0.9

Months of Inventory

65

Average Days On Market

Q4 2023 Atlanta Market Snapshot

20

Kirkwood S IN GLE -FA M ILY H O M E S

21

Homes Sold

$720,000 Median Closed Sales Price

$704,500 Average Closed Sales Price

2.3

Months of Inventory

15

Average Days On Market

Lake Claire/ Little Five Points S IN GLE-FA M I LY H O M E S

18

Homes Sold

$951,650 Median Closed Sales Price

$1,022,622 Average Closed Sales Price

1.6

Months of Inventory

16

Average Days On Market

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

Q4 2023 Atlanta Market Snapshot

21

Midtown S IN GLE- FA M I LY H O M E S

3

Home Sold

$897,500 Median Closed Sales Price

$1,055,833 Average Closed Sales Price

2.6

Months of Inventory

6

Average Days On Market

Oakhurst S IN GLE-FA M I LY H O M E S

11

Homes Sold

$820,000 Median Closed Sales Price

$904,773 Average Closed Sales Price

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

1.3

Months of Inventory

7

Average Days On Market

Q4 2023 Atlanta Market Snapshot

22

Old Fourth Ward S IN GLE-FA M I LY H O M E S

8

Homes Sold

$792,750 Median Closed Sales Price

$907,563 Average Closed Sales Price

2.8

Months of Inventory

20

Average Days On Market

Ormewood Park S IN GLE -FA M I LY H O M E S

11

Homes Sold

$560,000 Median Closed Sales Price

$714,623

Average Closed Sales Price

2.4

Months of Inventory

27

Average Days On Market

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

Q4 2023 Atlanta Market Snapshot

23

Peachtree Hills S IN GLE-FA M I LY H O M E S

10

Homes Sold

$878,125 Median Closed Sales Price

$1,029,125 Average Closed Sales Price

2.2

Months of Inventory

10

Average Days On Market

Peoplestown/Chosewood Park/Lakewood Heights S IN GLE-FA M I LY H O M E S

40

Homes Sold

$329,250 Median Closed Sales Price

$365,266 Average Closed Sales Price

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

5.5

Months of Inventory

28

Average Days On Market

Q4 2023 Atlanta Market Snapshot

24

Reynoldstown S IN GLE -FA M I LY H O M E S

2

Homes Sold

$584,600 Median Closed Sales Price

$584,600 Average Closed Sales Price

2.1

Months of Inventory

23

Average Days On Market

Summerhill S IN GLE -FA M I LY H O M E S

5

Homes Sold

$625,000 Median Closed Sales Price

$592,300 Average Closed Sales Price

3.3

Months of Inventory

44

Average Days On Market

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

Q4 2023 Atlanta Market Snapshot

25

Vinings S IN GLE -FA M ILY H O M E S

8

Homes Sold

$659,000 Median Closed Sales Price

$718,783

Average Closed Sales Price

3.8

Months of Inventory

17

Average Days On Market

Virginia Highlands/ Morningside S IN GLE -FA M ILY H O M E S

30

Homes Sold

$1,287,500 Median Closed Sales Price

$1,373,375 Average Closed Sales Price

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

2.1

Months of Inventory

27

Average Days On Market

Q4 2023 Atlanta Market Snapshot

26

West End/Adair Park/ Capitol View S IN GLE -FA M ILY H O M E S

98

Homes Sold

$360,000 Median Closed Sales Price

$376,365 Average Closed Sales Price

5.3

Months of Inventory

34

Average Days On Market

West Midtown/ Underwood Hills S IN GLE -FA M ILY H O M E S

81

Homes Sold

$555,000 Median Closed Sales Price

$556,969 Average Closed Sales Price

3.0

Months of Inventory

26

Average Days On Market

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

Q4 2023 Atlanta Market Snapshot

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

27

Q4 2023 Atlanta Market Snapshot

28

Single-Family Homes OUTSIDE THE PERIMETER

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

Q4 2023 Atlanta Market Snapshot

29

Acworth

S IN GLE-FA M ILY H O M E S

246 Homes Sold

$430,000 Median Closed Sales Price

$467,075 Average Closed Sales Price

1.9

Months of Inventory

29

Average Days On Market

Alpharetta S IN GLE-FA M ILY H O M E S

226 Homes Sold

$740,500 Median Closed Sales Price

$889,608 Average Closed Sales Price

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

1.7

Months of Inventory

27

Average Days On Market

Q4 2023 Atlanta Market Snapshot

30

Canton S IN GLE- FA M ILY H O M E S

330 Homes Sold

$532,539 Median Closed Sales Price

$593,970 Average Closed Sales Price

2.3

Months of Inventory

29

Average Days On Market

Chattahoochee Hills S IN GLE- FA M ILY H O M E S

8

Homes Sold

$1,048,018 Median Closed Sales Price

$1,075,130 Average Closed Sales Price

8.5

Months of Inventory

55

Average Days On Market

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

Q4 2023 Atlanta Market Snapshot

31

Clarkston S IN GLE -FA M ILY H O M E S

12

Homes Sold

$353,000 Median Closed Sales Price

$356,708 Average Closed Sales Price

2.8

Months of Inventory

26

Average Days On Market

Cumming S IN GLE -FA M ILY H O M E S

405 Homes Sold

$600,000 Median Closed Sales Price

$652,761

Average Closed Sales Price

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

1.7

Months of Inventory

24

Average Days On Market

Q4 2023 Atlanta Market Snapshot

32

Douglasville S IN GLE -FA M ILY H O M E S

248 Homes Sold

$327,500 Median Closed Sales Price

$349,156

Average Closed Sales Price

3.2

Months of Inventory

34

Average Days On Market

Duluth S IN GLE- FA M ILY H O M E S

132 Homes Sold

$522,500 Median Closed Sales Price

$667,688 Average Closed Sales Price

1.5

Months of Inventory

23

Average Days On Market

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

Q4 2023 Atlanta Market Snapshot

33

Dunwoody S IN GLE- FA M I LY H O M E S

42

Homes Sold

$668,725 Median Closed Sales Price

$726,930 Average Closed Sales Price

1.0

Months of Inventory

22

Average Days On Market

East Cobb S IN GLE -FA M I LY H O M E S

376 Homes Sold

$530,500 Median Closed Sales Price

$625,179

Average Closed Sales Price

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

1.6

Months of Inventory

25

Average Days On Market

Q4 2023 Atlanta Market Snapshot

34

Fairburn S IN GLE -FA M ILY H O M E S

94

Homes Sold

$354,990 Median Closed Sales Price

$362,912

Average Closed Sales Price

2.5

Months of Inventory

39

Average Days On Market

Fayetteville S IN GLE -FA M I LY H O M E S

72

Homes Sold

$409,250 Median Closed Sales Price

$503,016 Average Closed Sales Price

4.4

Months of Inventory

39

Average Days On Market

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

Q4 2023 Atlanta Market Snapshot

35

Johns Creek S IN GLE -FA M ILY H O M E S

74

Homes Sold

$762,500 Median Closed Sales Price

$873,070 Average Closed Sales Price

0.9

Months of Inventory

18

Average Days On Market

Kennesaw S IN GLE-FA M ILY H O M E S

179 Homes Sold

$425,000 Median Closed Sales Price

$477,703 Average Closed Sales Price

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

1.3

Months of Inventory

31

Average Days On Market

Q4 2023 Atlanta Market Snapshot

36

Lawrenceville S IN GLE- FA M ILY H O M E S

404 Homes Sold

$387,750 Median Closed Sales Price

$419,229

Average Closed Sales Price

1.9

Months of Inventory

32

Average Days On Market

Mableton S IN GLE-FA M I LY H O M E S

80

Homes Sold

$413,000 Median Closed Sales Price

$447,416

Average Closed Sales Price

2.1

Months of Inventory

24

Average Days On Market

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

Q4 2023 Atlanta Market Snapshot

37

Marietta S IN GLE -FA M ILY H O M E S

594 Homes Sold

$485,000 Median Closed Sales Price

$559,374 Average Closed Sales Price

1.7

Months of Inventory

27

Average Days On Market

McDonough S IN GLE -FA M I LY H O M E S

167 Homes Sold

$385,000 Median Closed Sales Price

$418,840 Average Closed Sales Price

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

3.6

Months of Inventory

43

Average Days On Market

Q4 2023 Atlanta Market Snapshot

38

Milton S IN GLE -FA M ILY H O M E S

44

Homes Sold

$1,337,500 Median Closed Sales Price

$1,523,477 Average Closed Sales Price

3.9

Months of Inventory

35

Average Days On Market

Norcross S IN GLE- FA M ILY H O M E S

49

Homes Sold

$359,900 Median Closed Sales Price

$398,377 Average Closed Sales Price

1.4

Months of Inventory

21

Average Days On Market

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

Q4 2023 Atlanta Market Snapshot

39

Peachtree City S IN GLE-FA M ILY H O M E S

14

Homes Sold

$512,500 Median Closed Sales Price

$566,428 Average Closed Sales Price

2.4

Months of Inventory

25

Average Days On Market

Peachtree Corners S IN GLE- FA M ILY H O M E S

48

Homes Sold

$674,950 Median Closed Sales Price

$678,654 Average Closed Sales Price

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

1.4

Months of Inventory

24

Average Days On Market

Q4 2023 Atlanta Market Snapshot

40

Roswell S IN GLE -FA M ILY H O M E S

186 Homes Sold

$700,000 Median Closed Sales Price

$784,661 Average Closed Sales Price

1.4

Months of Inventory

22

Average Days On Market

Sandy Springs S IN GLE-FA M ILY H O M E S

98

Homes Sold

$905,000 Median Closed Sales Price

$1,209,353 Average Closed Sales Price

2.7

Months of Inventory

30

Average Days On Market

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

Q4 2023 Atlanta Market Snapshot

41

Smyrna S IN GLE-FA M ILY H O M E S

130 Homes Sold

$482,500 Median Closed Sales Price

$584,318 Average Closed Sales Price

1.5

Months of Inventory

26

Average Days On Market

Snellville S IN GLE- FA M I LY H O M E S

199 Homes Sold

$355,000 Median Closed Sales Price

$390,455 Average Closed Sales Price

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

2.0

Months of Inventory

28

Average Days On Market

Q4 2023 Atlanta Market Snapshot

42

South Fulton S IN GLE- FA M I LY H O M E S

19

Homes Sold

$270,000 Median Closed Sales Price

$322,583 Average Closed Sales Price

5.1

Months of Inventory

22

Average Days On Market

Sugar Hill S IN GLE -FA M I LY H O M E S

68

Homes Sold

$425,000 Median Closed Sales Price

$458,585 Average Closed Sales Price

1.9

Months of Inventory

28

Average Days On Market

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

Q4 2023 Atlanta Market Snapshot

43

Suwanee S IN GLE -FA M I LY H O M E S

169 Homes Sold

$639,900 Median Closed Sales Price

$724,359 Average Closed Sales Price

1.3

Months of Inventory

26

Average Days On Market

Tucker S IN GLE -FA M I LY H O M E S

88

Homes Sold

$447,000 Median Closed Sales Price

$498,790 Average Closed Sales Price

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

1.4

Months of Inventory

29

Average Days On Market

Q4 2023 Atlanta Market Snapshot

44

Union City S IN GLE -FA M I LY H O M E S

24

Homes Sold

$276,250 Median Closed Sales Price

$270,072 Average Closed Sales Price

3.6

Months of Inventory

41

Average Days On Market

Woodstock S IN GLE -FA M I LY H O M E S

293 Homes Sold

$449,000 Median Closed Sales Price

$504,452 Average Closed Sales Price

1.8

Months of Inventory

25

Average Days On Market

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

Q4 2023 Atlanta Market Snapshot

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

45

Q4 2023 Atlanta Market Snapshot

46

Condominiums INSIDE THE PERIMETER

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

Q4 2023 Atlanta Market Snapshot

47

Brookhaven/Chamblee CON D OMI NIU M S

27

Homes Sold

$290,000 Median Closed Sales Price

$373,011

Average Closed Sales Price

2.7

Months of Inventory

41

Average Days On Market

Brookwood Hills CON D OMI NIU M S

6

Homes Sold

$338,047 Median Closed Sales Price

$526,516

Average Closed Sales Price

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

2.3

Months of Inventory

42

Average Days On Market

Q4 2023 Atlanta Market Snapshot

48

Buckhead CON D O M I NIU M S

171

Homes Sold

$306,500 Median Closed Sales Price

$561,928

Average Closed Sales Price

3.4

Months of Inventory

45

Average Days On Market

Cabbagetown CON D OMI NIU M S

5

Homes Sold

$360,000 Median Closed Sales Price

$393,350 Average Closed Sales Price

2.9

Months of Inventory

14

Average Days On Market

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

Q4 2023 Atlanta Market Snapshot

49

Collier Hills/Ardmore Park C ON D O M INI U M S

16

Homes Sold

$261,250 Median Closed Sales Price

$329,947 Average Closed Sales Price

3.3

Months of Inventory

22

Average Days On Market

Decatur/Druid Hills/Emory CON D OMINI U M S

34

Homes Sold

$280,750 Median Closed Sales Price

$334,310 Average Closed Sales Price

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

2.1

Months of Inventory

16

Average Days On Market

Q4 2023 Atlanta Market Snapshot

50

Downtown CON D O M I NIU M S

35

Homes Sold

$260,000 Median Closed Sales Price

$335,346 Average Closed Sales Price

5.3

Months of Inventory

37

Average Days On Market

Edgewood/Kirkwood C ON D O M INI U M S

7

Homes Sold

$400,000 Median Closed Sales Price

$416,785

Average Closed Sales Price

2.6

Months of Inventory

20

Average Days On Market

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

Q4 2023 Atlanta Market Snapshot

51

Garden Hills C ON D O M INI U M S

12

Homes Sold

$452,500 Median Closed Sales Price

$521,167

Average Closed Sales Price

2.0

Months of Inventory

38

Average Days On Market

Grant Park/Glenwood Park C ON D OMI NIU M S

10

Homes Sold

$534,900 Median Closed Sales Price

$430,810 Average Closed Sales Price

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

1.8

Months of Inventory

32

Average Days On Market

Q4 2023 Atlanta Market Snapshot

52

Inman Park CON D OMI NIU M S

6

Homes Sold

$477,500 Median Closed Sales Price

$526,500 Average Closed Sales Price

1.4

Months of Inventory

38

Average Days On Market

Midtown CON D O M I NIU M S

96

Homes Sold

$354,675 Median Closed Sales Price

$450,178 Average Closed Sales Price

3.5

Months of Inventory

42

Average Days On Market

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

Q4 2023 Atlanta Market Snapshot

53

Old Fourth Ward/ Poncey Highland C ON D OMI NIU M S

30

Homes Sold

$345,000 Median Closed Sales Price

$347,033 Average Closed Sales Price

2.8

Months of Inventory

35

Average Days On Market

Peachtree Hills C ON D OMI NIU M S

11

Homes Sold

$295,000 Median Closed Sales Price

$418,636 Average Closed Sales Price

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

3.3

Months of Inventory

37

Average Days On Market

Q4 2023 Atlanta Market Snapshot

54

Vinings CON D O M I NIU M S

19

Homes Sold

$312,000 Median Closed Sales Price

$567,279 Average Closed Sales Price

3.5

Months of Inventory

42

Average Days On Market

Virginia Highlands/ Morningside CON D O M I NIU M S

18

Homes Sold

$318,500 Median Closed Sales Price

$398,719

Average Closed Sales Price

2.3

Months of Inventory

43

Average Days On Market

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

Q4 2023 Atlanta Market Snapshot

55

West End/Adair Park/ Capitol View CON D O M I NIU M S

2

Homes Sold

$183,500 Median Closed Sales Price

$183,500 Average Closed Sales Price

4.5

Months of Inventory

23

Average Days On Market

West Midtown CON D O M I NIU M S

38

Homes Sold

$298,000 Median Closed Sales Price

$378,319

Average Closed Sales Price

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

3.2

Months of Inventory

34

Average Days On Market

Q4 2023 Atlanta Market Snapshot

56

Condominiums OUTSIDE THE PERIMETER

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

Q4 2023 Atlanta Market Snapshot

57

Cumming CON D O M I NIU M S

19

Homes Sold

$484,260 Median Closed Sales Price

$470,811

Average Closed Sales Price

2.0

Months of Inventory

56

Average Days On Market

Duluth CON D OMI NIU M S

6

Homes Sold

$275,000 Median Closed Sales Price

$268,667 Average Closed Sales Price

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

0.8

Months of Inventory

34

Average Days On Market

Q4 2023 Atlanta Market Snapshot

58

East Cobb C ON D O M I NIU M S

28

Homes Sold

$276,525 Median Closed Sales Price

$305,136 Average Closed Sales Price

2.0

Months of Inventory

18

Average Days On Market

Marietta/Smyrna/ Vinings C ON D OMI NIU M S

66

Homes Sold

$289,400 Median Closed Sales Price

$361,352

Average Closed Sales Price

2.5

Months of Inventory

26

Average Days On Market

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

Q4 2023 Atlanta Market Snapshot

59

Norcross/Peachtree Corners CON D OMI NIU M S

11

Homes Sold

$245,000 Median Closed Sales Price

$309,195

Average Closed Sales Price

4.4

Months of Inventory

36

Average Days On Market

Roswell/Alpharetta/ Johns Creek CON D O M I NIU M S

39

Homes Sold

$335,000 Median Closed Sales Price

$362,567 Average Closed Sales Price

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

1.7

Months of Inventory

28

Average Days On Market

Q4 2023 Atlanta Market Snapshot

60

Sandy Springs/Dunwoody/ Perimeter C ON D O M INI U M S

69

Homes Sold

$269,900 Median Closed Sales Price

$281,319

Average Closed Sales Price

2.1

Months of Inventory

21

Average Days On Market

Woodstock C ON D O M INI U M S

4

Homes Sold

$515,000 Median Closed Sales Price

$557,475 Average Closed Sales Price

5.1

Months of Inventory

60

Average Days On Market

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

Q4 2023 Atlanta Market Snapshot

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

61

Q4 2023 Atlanta Market Snapshot

62

Townhomes INSIDE THE PERIMETER

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

Q4 2023 Atlanta Market Snapshot

63

Brookhaven/ Chamblee TOWN HO M E S

43

Homes Sold

$545,000 Median Closed Sales Price

$543,924 Average Closed Sales Price

2.3

Months of Inventory

18

Average Days On Market

Buckhead TOWN HO M E S

47

Homes Sold

$535,000 Median Closed Sales Price

$690,854 Average Closed Sales Price

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

2.4

Months of Inventory

35

Average Days On Market

Q4 2023 Atlanta Market Snapshot

64

Cascade East TOWN HO M E S

7

Homes Sold

$145,000 Median Closed Sales Price

$150,571

Average Closed Sales Price

3.6

Months of Inventory

52

Average Days On Market

Cascade West TOWN HO M E S

15

Homes Sold

$227,000 Median Closed Sales Price

$216,937

Average Closed Sales Price

2.9

Months of Inventory

45

Average Days On Market

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

Q4 2023 Atlanta Market Snapshot

65

Collier Hills/ Ardmore

TOWN HO M E S

3

Homes Sold

$337,250 Median Closed Sales Price

$329,050 Average Closed Sales Price

1.3

Months of Inventory

51

Average Days On Market

Decatur/Emory/ Druid Hills TOWN HO M E S

26

Homes Sold

$667,450 Median Closed Sales Price

$644,059 Average Closed Sales Price

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

2.9

Months of Inventory

57

Average Days On Market

Q4 2023 Atlanta Market Snapshot

66

Downtown TOWN HO M E S

1

Homes Sold

$581,950 Median Closed Sales Price

$581,950 Average Closed Sales Price

1.3

Months of Inventory

100

Average Days On Market

East Atlanta TOWN HO M E S

4

Home Sold

$652,245 Median Closed Sales Price

$622,176

Average Closed Sales Price

3.3

Months of Inventory

37

Average Days On Market

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

Q4 2023 Atlanta Market Snapshot

67

East Point TOWN HO M E S

5

Homes Sold

$300,000 Median Closed Sales Price

$280,180 Average Closed Sales Price

2.5

Months of Inventory

51

Average Days On Market

Edgewood/Kirkwood TOWN HO M E S

11

Homes Sold

$486,500 Median Closed Sales Price

$525,133

Average Closed Sales Price

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

6.1

Months of Inventory

26

Average Days On Market

Q4 2023 Atlanta Market Snapshot

68

Grant Park/Glenwood Park/ Ormewood Park TOWN HO M E S

13

Homes Sold

$573,104 Median Closed Sales Price

$544,690 Average Closed Sales Price

3.0

Months of Inventory

104

Average Days On Market

Inman Park TOWN HO M E S

3

Homes Sold

$1,165,000 Median Closed Sales Price

$966,333 Average Closed Sales Price

0.0

Months of Inventory

24

Average Days On Market

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

Q4 2023 Atlanta Market Snapshot

69

Midtown TOWN HO M E S

2

Homes Sold

$562,000 Median Closed Sales Price

$562,000 Average Closed Sales Price

2.5

Months of Inventory

50

Average Days On Market

Old Fourth Ward/ Poncey Highlands TOWN HO M E S

5

Homes Sold

$690,000 Median Closed Sales Price

$583,200 Average Closed Sales Price

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

4.6

Months of Inventory

29

Average Days On Market

Q4 2023 Atlanta Market Snapshot

70

Reynoldstown TOWN HO M E S

3

Homes Sold

$610,000 Median Closed Sales Price

$772,160 Average Closed Sales Price

3.0

Months of Inventory

63

Average Days On Market

Summerhill TOWN HO M E S

4

Homes Sold

$762,750 Median Closed Sales Price

$684,875 Average Closed Sales Price

2.9

Months of Inventory

33

Average Days On Market

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

Q4 2023 Atlanta Market Snapshot

71

Vinings TOWN HO M E S

29

Homes Sold

$475,000 Median Closed Sales Price

$529,071

Average Closed Sales Price

3.5

Months of Inventory

53

Average Days On Market

West Midtown TOWN HO M E S

62

Homes Sold

$489,540 Median Closed Sales Price

$524,375 Average Closed Sales Price

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

3.9

Months of Inventory

46

Average Days On Market

Q4 2023 Atlanta Market Snapshot

72

Townhomes OUTSIDE THE PERIMETER

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

Q4 2023 Atlanta Market Snapshot

73

Acworth TOWN HO M E S

33

Homes Sold

$315,000 Median Closed Sales Price

$359,370 Average Closed Sales Price

2.4

Months of Inventory

35

Average Days On Market

Canton TOWN HO M E S

25

Homes Sold

$444,900 Median Closed Sales Price

$443,608 Average Closed Sales Price

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

2.8

Months of Inventory

42

Average Days On Market

Q4 2023 Atlanta Market Snapshot

74

Cumming TOWN HO M E S

52

Homes Sold

$445,950 Median Closed Sales Price

$450,973 Average Closed Sales Price

1.7

Months of Inventory

19

Average Days On Market

Duluth TOWN HO M E S

47

Homes Sold

$428,000 Median Closed Sales Price

$424,180 Average Closed Sales Price

2.4

Months of Inventory

32

Average Days On Market

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

Q4 2023 Atlanta Market Snapshot

75

East Cobb TOWN HO M E S

50

Homes Sold

$388,000 Median Closed Sales Price

$428,760 Average Closed Sales Price

2.2

Months of Inventory

26

Average Days On Market

Fairburn TOWN HO M E S

28

Homes Sold

$338,503 Median Closed Sales Price

$334,184 Average Closed Sales Price

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

0.6

Months of Inventory

24

Average Days On Market

Q4 2023 Atlanta Market Snapshot

76

Jonesboro TOWN HO M E S

12

Homes Sold

$228,300 Median Closed Sales Price

$212,871

Average Closed Sales Price

3.5

Months of Inventory

19

Average Days On Market

Kennesaw TOWN HO M E S

55

Homes Sold

$427,615 Median Closed Sales Price

$405,977 Average Closed Sales Price

2.3

Months of Inventory

27

Average Days On Market

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

Q4 2023 Atlanta Market Snapshot

77

Lawrenceville TOWN HO M E S

97

Homes Sold

$350,980 Median Closed Sales Price

$345,166 Average Closed Sales Price

3.3

Months of Inventory

25

Average Days On Market

Mableton TOWN HO M E S

43

Homes Sold

$385,000 Median Closed Sales Price

$375,772 Average Closed Sales Price

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

2.0

Months of Inventory

46

Average Days On Market

Q4 2023 Atlanta Market Snapshot

78

Marietta/Smyrna/ Vinings TOWN HO M E S

159 Homes Sold

$390,000 Median Closed Sales Price

$409,385 Average Closed Sales Price

2.4

Months of Inventory

30

Average Days On Market

Milton TOWN HO M E S

8

Homes Sold

$534,500 Median Closed Sales Price

$729,375 Average Closed Sales Price

1.8

Months of Inventory

23

Average Days On Market

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

Q4 2023 Atlanta Market Snapshot

79

Norcross/Peachtree Corners TOWNH O M E S

53

Homes Sold

$444,500 Median Closed Sales Price

$432,603 Average Closed Sales Price

1.8

Months of Inventory

33

Average Days On Market

Roswell/Alpharetta/ Johns Creek TOWN HO M E S

138 Homes Sold

$569,750 Median Closed Sales Price

$623,204 Average Closed Sales Price

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

2.2

Months of Inventory

39

Average Days On Market

Q4 2023 Atlanta Market Snapshot

80

Sandy Springs/Dunwoody/ Perimeter TOWN HO M E S

90

Homes Sold

$378,000 Median Closed Sales Price

$430,176 Average Closed Sales Price

1.6

Months of Inventory

30

Average Days On Market

Suwanee TOWN HO M E S

31

Homes Sold

$531,851

Median Closed Sales Price

$512,178

Average Closed Sales Price

1.9

Months of Inventory

68

Average Days On Market

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

Q4 2023 Atlanta Market Snapshot

81

Stone Mountain TOWN HO M E S

25

Homes Sold

$183,450 Median Closed Sales Price

$206,829 Average Closed Sales Price

1.9

Months of Inventory

25

Average Days On Market

Tucker TOWNH O M E S

21

Homes Sold

$345,000 Median Closed Sales Price

$339,680 Average Closed Sales Price

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

1.2

Months of Inventory

30

Average Days On Market

Q4 2023 Atlanta Market Snapshot

82

Union City TOWN HO M E S

9

Homes Sold

$200,000 Median Closed Sales Price

$173,450 Average Closed Sales Price

3.4

28

Months of Inventory

Average Days On Market

1.4

44

Woodstock TOWN HO M E S

58

Homes Sold

$449,418 Median Closed Sales Price

$464,893 Average Closed Sales Price

Months of Inventory

Average Days On Market

Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)

evatlanta.com

Q4 2023 Atlanta Market Snapshot

83

Key Indicators Glossary The following key indicators are used throughout this report to describe market trends:

Active Listings

New Listings

Closed Sales

Properties that are currently listed for sale on FMLS. Additional properties may be for sale at any given time— such as for-sale by owner homes or off-market listings— but are not included in the count of “active listings” in this report if they are not in the FMLS database.

New listings are those that have been added to FMLS in a given month. They do not include active listings that were entered in previous months.

Closed sales represent homes that have sold and transactions have been finalized.

This indicator tends to lag market trends slightly because properties typically close one to two months after an offer has been accepted and buyers have locked their interest rates.

Pending Sales

Sale Price

Pending sales are properties that have accepted an offer from a buyer and is in the due diligence period. The sales transaction has not happened yet. This is a leading indicator because it give us insight into how buyers and sellers are reacting to the most current market conditions.

The sale price is the final amount paid for a home. It is measured as either an average or a median, with the average price tending to be skewed higher by the highest priced homes. It does not reflect seller concessions, such as closing costs that may have been paid.

Days on Market

Sale Price to List Price Ratio The sale price to list price ratio (SP/LP) indicates if a home sold at (100%), above (>100%), or below (<100%) the listed asking price. The sale price to original list price ratio (SP/OLP) compares the sale price to the original asking price, as the current asking price may have reflected price changes.

Months of Inventory

Days on market (DOM) measures how Months of inventory indicates how long it would likely take to sell currently listed long it takes from the time a home is homes, if no new inventory were added. It is measured as a ratio of active listings to listed until the owner signs a contract homes sold. 5 to 6 months of inventory is considered a balanced market. Less than 6 for the sale of a property. This tends months supply tends to favor sellers, and more tends to favor buyers. to vary based on the desirability of a Source:given FMLS,property, InfoSparks, TrendGraphix, Q4and 2023 (10/1/23 to 12/31/23) market conditions, season.

evatlanta.com

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