Q1 2023 Market Update

Page 1

QUARTERLY MARKET UPDATE

QUARTER
1 - 2023
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q1) For more information and great insights go to HarryNorman.com/Insights 10149 2.6 15201 $483k 42 8184 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 QUARTERLY MARKET UPDATE METRO ATLANTA | QUARTER 1 2023 Source: TrendGraphix. Core Counties combined - Cherokee, Cobb, DeKalb, Forsyth, Fulton, Gwinnett, all residential, all prices, stated period versus same period prior year. The above information is believed to be accurate but is not warranted. 103.1% 90.9% 16.9% 2.5% 29.7% 194.3% SELLER’S MARKET 6 months of inventory is a balanced market
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q1) For more information and great insights go to HarryNorman.com/Insights QUARTERLY MARKET UPDATE BUCKHEAD | QUARTER 1 2023 462 4.4 910 $813k 47 598 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 Source: TrendGraphix. ZIP 30305 (FMLS), ZIP 30318 (FMLS), ZIP 30326 (FMLS), ZIP 30327 (FMLS), ZIP 30342 (FMLS), all residential, all prices, stated period versus same period prior year. The above information is believed to be accurate but is not warranted. 54.9% 20.5% 15% 7.1% 41.7% 196.4% SELLER’S MARKET 6 months of inventory is a balanced market

QUARTERLY MARKET UPDATE

2.9

HOMES SOLD
OF INVENTORY
NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q1) For more information and great insights go to HarryNorman.com/Insights
TOTAL
MONTHS
TOTAL
COWETA | QUARTER 1 2023
450
698 $411k 49 400 COMPARED TO Q1 2022
TO Q1 2022
TO Q1 2022
TO Q1 2022
Q1 2022
Q1
COMPARED
COMPARED
COMPARED
COMPARED TO
COMPARED TO
2022
75% 15.8% 5.7%
Source: TrendGraphix. COWETA COUNTY (GAMLS), all residential, all prices, stated period versus same period prior year. The above information is believed to be accurate but is not warranted. 148.4%
38.4% 278.6%
SELLER’S MARKET
6 months of inventory is a balanced market
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q1) For more information and great insights go to HarryNorman.com/Insights QUARTERLY MARKET UPDATE CHEROKEE COUNTY | QUARTER 1 2023 893 2.4 1206 $476k 46 660 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 Source: TrendGraphix. CHEROKEE COUNTY (FMLS), all residential, all prices, stated period versus last period. The above information is believed to be accurate but is not warranted. 115% 84% 14.2% 1.9% 22.2% 173.8% SELLER’S MARKET 6 months of inventory is a balanced market
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q1) For more information and great insights go to HarryNorman.com/Insights QUARTERLY MARKET UPDATE EAST COBB | QUARTER 1 2023 607 1.9 826 $538k 39 373 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 Source: TrendGraphix. ZIP 30062 (FMLS), ZIP 30066 (FMLS), ZIP 30067 (FMLS), ZIP 30068 (FMLS), ZIP 30075 (FMLS), all residential, all prices, stated period versus last period. The above information is believed to be accurate but is not warranted. 104.9% 85.7% 21% 4.3% 30.3% 172.5% SELLER’S MARKET 6 months of inventory is a balanced market
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q1) For more information and great insights go to HarryNorman.com/Insights QUARTERLY MARKET UPDATE FAYETTE COUNTY | QUARTER 1 2023 321 1.9 465 $507k 37 186 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 Source: TrendGraphix. FAYETTE COUNTY (GAMLS), all residential, all prices, stated period versus same period prior year. The above information is believed to be accurate but is not warranted. 33.8% 54.2% 19.1% 12.4% 26% 107.4% SELLER’S MARKET 6 months of inventory is a balanced market
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q1) For more information and great insights go to HarryNorman.com/Insights
FORSYTH COUNTY | QUARTER 1 2023 682 2.1 878 $580k 42 382 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 Source: TrendGraphix. FORSYTH COUNTY (FMLS), all residential, all prices, stated period versus same period prior year. The above information is believed to be accurate but is not warranted. 99% 147.1% 21.8% 1.8% 20.5% 241.7% SELLER’S MARKET 6 months of inventory is a balanced market
QUARTERLY MARKET UPDATE
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q1) For more information and great insights go to HarryNorman.com/Insights QUARTERLY MARKET UPDATE GWINNETT COUNTY | QUARTER 1 2023 980 1.6 1109 $446k 51 1553 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 Source: TrendGraphix. GWINNETT COUNTY (FMLS), all residential, all prices, stated period versus same period prior year. The above information is believed to be accurate but is not warranted. 108.2% 155% 24.8% 1.4% 23.2% 171% SELLER’S MARKET 6 months of inventory is a balanced market
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q1) For more information and great insights go to HarryNorman.com/Insights QUARTERLY MARKET UPDATE INTOWN | QUARTER 1 2023 707 2.9 1203 $568k 37 712 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 Source: TrendGraphix. ZIP 30306 (FMLS), ZIP 30307 (FMLS), ZIP 30308 (FMLS), ZIP 30309 (FMLS), ZIP 30312 (FMLS), ZIP 30316 (FMLS), ZIP 30317 (FMLS), ZIP 30324 (FMLS), ZIP 30329 (FMLS), all residential, all prices, stated period versus same period prior year. The above information is believed to be accurate but is not warranted. 96.7% 15.6% 18.3% 1.1% 40.1% 165.3% SELLER’S MARKET 6 months of inventory is a balanced market
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q1) For more information and great insights go to HarryNorman.com/Insights QUARTERLY MARKET UPDATE NORTH FULTON | QUARTER 1 2023 619 2.4 955 $712k 35 497 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 Source: TrendGraphix. ZIP 30004 (FMLS), ZIP 30005 (FMLS), ZIP 30009 (FMLS), ZIP 30022 (FMLS), ZIP 30075 (FMLS), ZIP 30076 (FMLS), all residential, all prices, stated period versus same period prior year. The above information is believed to be accurate but is not warranted. 80.1% 105.9% 22.5% 6.6% 29.6% 172.8% SELLER’S MARKET 6 months of inventory is a balanced market
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q1) For more information and great insights go to HarryNorman.com/Insights QUARTERLY MARKET UPDATE WEST COBB | QUARTER 1 2023 1597 2.3 2369 $452k 40 1117 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 Source: TrendGraphix. ZIP 30060 (FMLS), ZIP 30062 (FMLS), ZIP 30064 (FMLS), ZIP 30066 (FMLS), ZIP 30080(FMLS), ZIP 30082 (FMLS), ZIP 30101 (FMLS), ZIP 30126 (FMLS), ZIP 30127 (FMLS), ZIP 30144 (FMLS), ZIP 30152 (FMLS), ZIP 30168 (FMLS), ZIP 30339 (FMLS), all residential, all prices, stated period versus same period prior year. The above information is believed to be accurate but is not warranted. 119% 100% 13.7% 2.5% 30.7% 199.4% SELLER’S MARKET 6 months of inventory is a balanced market
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q1) For more information and great insights go to HarryNorman.com/Insights QUARTERLY MARKET UPDATE TRI-CITIES | QUARTER 1 2023 120 6.1 295 $318k 34 206 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 Source: TrendGraphix. ZIP 30337 (FMLS), ZIP 30344 (FMLS), ZIP 30354 (FMLS), all residential, all prices, stated period versus same period prior year. The above information is believed to be accurate but is not warranted. 160.8% 41.7% 12.2% 7.8% 41.2% 379.9% BALANCED MARKET 6 months of inventory is a balanced market
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q1) For more information and great insights go to HarryNorman.com/Insights QUARTERLY MARKET UPDATE DUNWOODY & SANDY SPRINGS | QUARTER 1 2023 645 2.6 1047 $746k 36 505 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 Source: TrendGraphix. ZIP 30319 (FMLS), ZIP 30327 (FMLS), ZIP 30328 (FMLS),ZIP 30338 (FMLS), ZIP 30339 (FMLS), ZIP 30342 (FMLS),ZIP 30350 (FMLS), all residential, all prices, stated period versus same period prior year. The above information is believed to be accurate but is not warranted. 70% 38.5% 15.4% 4.5% 36.7% 187.6% SELLER’S MARKET 6 months of inventory is a balanced market
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q1) For more information and great insights go to HarryNorman.com/Insights QUARTERLY
BLUE RIDGE | QUARTER 1 2023 84 4.9 141 $715k 77 137 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 Source: TrendGraphix. Zip 30513, all residential, all prices, stated period versus same period prior year. The above information is believed to be accurate but is not warranted. 71.3% 113.9% 2.8% 5.5% 21.5% 145.2% SELLER’S MARKET 6 months of inventory is a balanced market
MARKET UPDATE
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q1) For more information and great insights go to HarryNorman.com/Insights
BLAIRSVILLE | QUARTER 1 2023 92 2.9 130 $356k 65 94 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 Source: TrendGraphix. Zip 30512, all residential, all prices, stated period versus same period prior year. The above information is believed to be accurate but is not warranted. 46.9% 22.6% 8.5% 6.8% 35.7% 160.3% SELLER’S MARKET 6 months of inventory is a balanced market
QUARTERLY MARKET UPDATE

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