Q1 2024 - Real Estate Market Update

Page 1

QUARTERLY MARKET UPDATE QUARTER 1 - 2024

HOMES FOR SALE (END Q1)

10,346

COMPARED TO Q1 2023

TOTAL NEW LISTINGS

17,595

AVERAGE DAYS ON MARKET

37

COMPARED TO Q1 2023

AVERAGE SOLD PRICE

$529k

TOTAL HOMES SOLD

9,914

COMPARED TO Q1 2023

COMPARED TO Q1 2023

COMPARED

MONTHS OF INVENTORY

3.1

HarryNorman.com/Insights
For more information and great insights go to
TO Q1 2023
COMPARED TO Q1 2023
METRO ATLANTA | QUARTER 1 2024 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. 26.4% 11.9% 14.8% 10% 6% SELLER’S MARKET 6 months of inventory is a balanced market 34.4%
QUARTERLY MARKET UPDATE
TOTAL HOMES SOLD MONTHS OF INVENTORY
For more information and great insights go to HarryNorman.com/Insights
BUCKHEAD
4.7
$887k 42 770 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 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. 28.8% 10.6% 17.4% 11.6% 1.7% 27% SELLER’S MARKET 6 months of inventory is a balanced market
TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q1)
QUARTERLY MARKET UPDATE
| QUARTER 1 2024 492
1,084
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 BROOKHAVEN | QUARTER 1 2024 231 2.9 426 $721k 37 223 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 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. 32% 12.1% 20.3% 22% 2.9% 37.6% 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
COWETA COUNTY | QUARTER 1 2024 502 2.7 815 $441k 48 459 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 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. 14.8% 4% 15.9% 7.3% 10.1% 3.8% SELLER’S MARKET 6 months of inventory is a balanced market
QUARTERLY MARKET UPDATE

HOMES FOR SALE (END Q1) For

COMPARED TO Q1 2023

TOTAL NEW LISTINGS

TOTAL HOMES SOLD

AVERAGE DAYS ON MARKET

COMPARED TO Q1 2023

AVERAGE SOLD PRICE

MONTHS OF INVENTORY

COMPARED TO Q1 2023

COMPARED TO Q1 2023

more information
great insights go to HarryNorman.com/Insights
and
QUARTERLY MARKET UPDATE CHEROKEE COUNTY | QUARTER 1 2024 868 2.8 1,449
$539k 37 804
TO
21.8% 17.8% 19.1% 13.2% 5.5% 27.8% SELLER’S MARKET 6 months of inventory is a balanced market
COMPARED TO Q1 2023 COMPARED
Q1 2023 Source: TrendGraphix. CHEROKEE 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.

QUARTERLY MARKET UPDATE

DEKALB COUNTY | QUARTER 1 2024

1,855

HOMES FOR SALE (END Q1) For

COMPARED TO Q1 2023

TOTAL NEW LISTINGS

3,024

AVERAGE DAYS ON MARKET

36

COMPARED TO Q1 2023

AVERAGE SOLD PRICE

$458k

TOTAL HOMES SOLD

1,641

COMPARED TO Q1 2023

COMPARED TO Q1 2023

COMPARED TO Q1 2023

MONTHS OF INVENTORY

3.4

more information
insights go to HarryNorman.com/Insights
and great
all residential, all prices,
period
period prior year The above information is believed to be accurate but is not warranted. 29.4% 7.7% 13.7% 8.5% 9.7% 42.2%
MARKET 6 months of inventory is a balanced market
COMPARED TO Q1 2023 Source: TrendGraphix. DEKALB COUNTY (FMLS),
stated
versus same
SELLER’S
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
EAST COBB | QUARTER
2024 616 1.9 919 $597k 28 394 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 Source: TrendGraphix. ZIP 30062 (FMLS), ZIP 30066 (FMLS), ZIP 30067 (FMLS), ZIP 30068 (FMLS), ZIP 30075 (FMLS), all residential, all prices, stated period versus same period prior year. The above information is believed to be accurate but is not warranted. 5.6% 26.3% 9.8% 11.4% 1.1% 5.6% SELLER’S MARKET 6 months of inventory is a balanced market
QUARTERLY MARKET UPDATE
1
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
FAYETTE COUNTY | QUARTER 1 2024 296 2.7 488 $549k 39 270 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 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. 45.2% 5.4% 3.8% 9.4% 9.8% 58.8% SELLER’S MARKET 6 months of inventory is a balanced market
QUARTERLY MARKET UPDATE
TOTAL HOMES SOLD
MONTHS OF INVENTORY
HarryNorman.com/Insights
FORSYTH COUNTY | QUARTER 1 2024
2.3
TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q1) For more information and great insights go to
QUARTERLY MARKET UPDATE
666
1,069 $656k 30 518
TO
COMPARED TO Q1 2023 COMPARED
Q1 2023
TO
TO
TO Q1 2023
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. 35.6% 26.8% 20.5% 13.5% 5% 42.8% SELLER’S MARKET 6 months of inventory is a balanced market
COMPARED TO Q1 2023 COMPARED
Q1 2023 COMPARED
Q1 2023 COMPARED
Source:

1,749

HOMES FOR SALE (END Q1) For

COMPARED TO Q1 2023

TOTAL NEW LISTINGS

3,365

AVERAGE DAYS ON MARKET

38

COMPARED TO Q1 2023

AVERAGE SOLD PRICE

$463k

TOTAL HOMES SOLD

2,156

COMPARED TO Q1 2023

COMPARED TO Q1 2023

COMPARED TO Q1 2023

MONTHS OF INVENTORY

2.4

more information
great insights go to HarryNorman.com/Insights
and
QUARTERLY MARKET UPDATE GWINNETT COUNTY | QUARTER 1 2024
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. 12.6% 24% 12% 5.9% 8.7% 20.3% SELLER’S MARKET 6 months of inventory is a balanced market
COMPARED TO Q1 2023 Source:
HOMES SOLD
OF INVENTORY
AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q1) For more information and great insights go to HarryNorman.com/Insights
HALL COUNTY | QUARTER 1 2024 474 3.3 797 $447k 48 524 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 Source: TrendGraphix. HALL 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. 10.5% 18.6% 7% 5.9% 5.2% 17.6% SELLER’S MARKET 6 months of inventory is a balanced market
TOTAL
MONTHS
TOTAL NEW LISTINGS
QUARTERLY MARKET UPDATE
HOMES
OF INVENTORY
AVERAGE SOLD
(END
For more information and great insights go to HarryNorman.com/Insights
INTOWN
2024
38
COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 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. 41.6% 2.7% 24.1% 12.1% 9.7% 58.2% SELLER’S MARKET 6 months of inventory is a balanced market
TOTAL
SOLD MONTHS
TOTAL NEW LISTINGS
PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE
Q1)
QUARTERLY MARKET UPDATE
| QUARTER 1
660 4.6 1,503 $637k
1,008
For more information and great insights go to HarryNorman.com/Insights
NORTH FULTON | QUARTER 1 2024 689 2.3 1,149 $817k 30 535 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 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. 7.6% 14.3% 17.2% 15.1% 9% 4.2% 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)
QUARTERLY MARKET UPDATE
For more information and great insights go to HarryNorman.com/Insights
WEST
QUARTER
35
TO Q1 2023
TO Q1 2023
TO Q1 2023
TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 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. 17.4% 12.5% 6.5% 7.5% 3.5% 24.5% 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)
QUARTERLY MARKET UPDATE
COBB |
1 2024 1,585 2.5 2,545 $485k
1,311 COMPARED
COMPARED
COMPARED
COMPARED
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
MARKET
TRI-CITIES | QUARTER 1 2024 127 8.2 376 $301k 51 347 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 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. 68.4% 37.8% 27.5% 6.2% 5.2% 78.1% 6 months of inventory is a balanced market SELLER’S MARKET
QUARTERLY
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 SANDY SPRINGS & DUNWOODY | QUARTER 1 2024 640 3.4 1,209 $836k 34 720 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 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. 42.6% 5.6% 13.5% 13.4% 4.3% 48.6% 6 months of inventory is a balanced market SELLER’S 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
BLAIRSVILLE | QUARTER 1 2024 70 6 146 $417k 79 140 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023
29.6% 19.7% 9% 17.5% 26.3% 76.2% SELLER’S MARKET 6 months of inventory is a balanced market
QUARTERLY MARKET UPDATE
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.
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
BLUE RIDGE | QUARTER 1 2024 62 9.6 163 $856k 82 199 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023 COMPARED TO Q1 2023
22.8% 3.8% 8.7% 18.6% 29.5% 74.2% BALANCED MARKET 6 months of inventory is a balanced market
QUARTERLY MARKET UPDATE
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.

Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.