LUXURY MARKET UPDATE QUARTER 2 - 2023
LUXURY MARKET UPDATE
METRO ATLANTA | QUARTER 2 2023
$1M - $2.5M
HOMES FOR SALE (END Q2)
TOTAL NEW LISTINGS
TOTAL HOMES SOLD
COMPARED TO Q2 2022
29
946 11% 52.6%
COMPARED TO Q2 2022
818
COMPARED TO Q2 2022
AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET
1336 $1.42M
10% 1.1%
COMPARED TO Q2 2022
SELLER’S MARKET
6 months of inventory is a balanced market
COMPARED TO Q2 2022
3.5
21% 40.5%
MONTHS OF INVENTORY
COMPARED TO Q2 2022
Source: TrendGraphix. Core Counties combined - Cherokee, Cobb, DeKalb, Forsyth, Fulton, Gwinnett, all residential, $1M - $2.5M, stated period versus same period prior year. The above information is believed to be accurate but is not warranted.
For more information and great insights go to HarryNorman.com/Insights
LUXURY MARKET UPDATE
METRO ATLANTA | QUARTER 2 2023
$2.5M+
HOMES FOR SALE (END Q2)
TOTAL NEW LISTINGS
TOTAL HOMES SOLD
264
COMPARED TO Q2 2022
95
COMPARED TO Q2 2022
63
294 13.1% 57.5%
COMPARED TO Q2 2022
AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET
$3.73M
2.3% 5.3%
COMPARED TO Q2 2022
BUYER’S MARKET
6 months of inventory is a balanced market
COMPARED TO Q2 2022
9.3
7.8% 22.4%
MONTHS OF INVENTORY
COMPARED TO Q2 2022
Source: TrendGraphix. Core Counties combined - Cherokee, Cobb, DeKalb, Forsyth, Fulton, Gwinnett, all residential, $2.5M and above, stated period versus same period prior year. The above information is believed to be accurate but is not warranted.
For more information and great insights go to HarryNorman.com/Insights
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q2) $1M - $2.5M For more information and great insights go to HarryNorman.com/Insights LUXURY
BUCKHEAD | QUARTER 2 2023 Source: TrendGraphix. ZIP 30305 (FMLS), ZIP 30318 (FMLS), ZIP 30326 (FMLS), ZIP 30327 (FMLS), ZIP 30342 (FMLS), all residential, $1M - $2.5M, stated period versus same period prior year. The above information is believed to be accurate but is not warranted. SELLER’S MARKET 6 months of inventory is a balanced market 115 3.5 174 $1.55M 34 135 5.5% 36% 25.3% 0.7% 36.5% 66% COMPARED TO Q2 2022 COMPARED TO Q2 2022 COMPARED TO Q2 2022 COMPARED TO Q2 2022 COMPARED TO Q2 2022 COMPARED TO Q2 2022
MARKET UPDATE
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q2) $2.5M+ For more information and great insights go to HarryNorman.com/Insights
BUCKHEAD | QUARTER 2 2023 Source: TrendGraphix. ZIP 30305 (FMLS), ZIP 30318 (FMLS), ZIP 30326 (FMLS), ZIP 30327 (FMLS), ZIP 30342 (FMLS), all residential, $2.5M and above stated period versus same period prior year. The above information is believed to be accurate but is not warranted. 44 7.1 109 $4.03M
104
CHANGE 7.9%
12%
COMPARED TO Q2 2022
TO Q2 2022
TO Q2 2022
TO Q2 2022
TO Q2 2022
TO Q2 2022
MARKET 6 months of inventory is a balanced market
LUXURY MARKET UPDATE
49
1.9% NO
3.7%
11%
COMPARED
COMPARED
COMPARED
COMPARED
COMPARED
BUYER’S
LUXURY MARKET UPDATE
CHEROKEE COUNTY | QUARTER 2 2023
$1M+
HOMES FOR SALE (END Q2)
TOTAL HOMES SOLD
109
TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET
37
COMPARED TO Q2 2022
59
104 23.8% 136%
COMPARED TO Q2 2022
COMPARED TO Q2 2022
$2.09M
19.8% 55.2%
COMPARED TO Q2 2022
BUYER’S MARKET
6 months of inventory is a balanced market
COMPARED TO Q2 2022
8.4
12.1% 10.5%
MONTHS OF INVENTORY
COMPARED TO Q2 2022
Source: TrendGraphix. CHEROKEE COUNTY (FMLS), all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted.
For more information and great insights go to HarryNorman.com/Insights
LUXURY MARKET UPDATE
COWETA COUNTY | QUARTER 2 2023
$1M+
HOMES FOR SALE (END Q2)
TOTAL NEW LISTINGS
TOTAL HOMES SOLD
19
NO CHANGE
COMPARED TO Q2 2022
8
COMPARED TO Q2 2022
11.1%
COMPARED TO Q2 2022
41
15 51.9%
COMPARED TO Q2 2022
AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET
$1.45M
5.6% 21.7%
COMPARED TO Q2 2022
SELLER’S MARKET
6 months of inventory is a balanced market
MONTHS OF INVENTORY
5.6
12%
COMPARED TO Q2 2022
Source: TrendGraphix. COWETA COUNTY (GAMLS), all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted.
For more information and great insights go to HarryNorman.com/Insights
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q2) $1M+ For more information and great insights go to HarryNorman.com/Insights
DUNWOODY & SANDY SPRINGS | QUARTER 2 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, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted. 209 3.6 356 $1.88M 32 250 17.9% 33.3% 10.3% 4% 24.3% 56.4% COMPARED TO Q2 2022 COMPARED TO Q2 2022 COMPARED TO Q2 2022 COMPARED TO Q2 2022 COMPARED TO Q2 2022 COMPARED TO Q2 2022 SELLER’S MARKET 6 months of inventory is a balanced market
LUXURY MARKET UPDATE
LUXURY MARKET UPDATE
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q2) $1M+ For more information and great insights go to HarryNorman.com/Insights
EAST COBB | QUARTER 2 2023 Source: TrendGraphix. ZIP 30062 (FMLS), ZIP 30066 (FMLS), ZIP 30067 (FMLS), ZIP 30068 (FMLS), ZIP 30075 (FMLS), all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted. 81 3.5 119 $1.49M 25 94 1.1% 3.8% 26.5% 3.3% 22.9% 30.1% COMPARED TO Q2 2022 COMPARED TO Q2 2022 COMPARED TO Q2 2022
TO Q2 2022
TO Q2 2022
TO Q2 2022 SELLER’S MARKET 6 months of inventory is a balanced market
COMPARED
COMPARED
COMPARED
LUXURY MARKET UPDATE
FAYETTE COUNTY | QUARTER 2 2023
$1M+
HOMES FOR SALE (END Q2)
30
21.1%
COMPARED TO Q2 2022
17
13.3%
COMPARED TO Q2 2022
47
14.5%
TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET
COMPARED TO Q2 2022
$1.37M
7.4%
COMPARED TO Q2 2022
SELLER’S MARKET
TOTAL HOMES SOLD
27
92.9%
COMPARED TO Q2 2022
MONTHS OF INVENTORY
3.3
58.9%
COMPARED TO Q2 2022
6 months of inventory is a balanced market
Source: TrendGraphix. FAYETTE COUNTY (GAMLS), all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted.
For more information and great insights go to HarryNorman.com/Insights
LUXURY MARKET UPDATE
FORSYTH COUNTY | QUARTER 2 2023
$1M+
HOMES FOR SALE (END Q2)
92 17.9%
COMPARED TO Q2 2022
25
78.6%
COMPARED TO Q2 2022
134
10.7%
TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET
COMPARED TO Q2 2022
$1.39M
2.1%
COMPARED TO Q2 2022
SELLER’S MARKET
6 months of inventory is a balanced market
TOTAL HOMES SOLD
64
31.9%
COMPARED TO Q2 2022
MONTHS OF INVENTORY
4.3
72.3%
COMPARED TO Q2 2022
Source: TrendGraphix. FORSYTH COUNTY (FMLS), all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted.
For more information and great insights go to HarryNorman.com/Insights
LUXURY MARKET UPDATE
GWINNETT COUNTY | QUARTER 2 2023
$1M+
HOMES FOR SALE (END Q2)
123 2.5%
COMPARED TO Q2 2022
37
12.1%
COMPARED TO Q2 2022
119
11.9%
TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET
COMPARED TO Q2 2022
$1.59M
4.4%
COMPARED TO Q2 2022
SELLER’S MARKET
TOTAL HOMES SOLD
63
20.3%
COMPARED TO Q2 2022
MONTHS OF INVENTORY
5.9
28.5%
COMPARED TO Q2 2022
6 months of inventory is a balanced market
Source: TrendGraphix. GWINNETT COUNTY (FMLS), all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted.
For more information and great insights go to HarryNorman.com/Insights
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q2) $1M+ For more information and great insights go to HarryNorman.com/Insights
INTOWN | QUARTER 2 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, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted. 133 3.6 222 $1.65M 26 160 26% 62.5% 0.5% 7.3% 17.9% 51% COMPARED TO Q2 2022 COMPARED TO Q2 2022 COMPARED TO Q2 2022 COMPARED TO Q2 2022 COMPARED TO Q2 2022 COMPARED TO Q2 2022 SELLER’S MARKET 6 months of inventory is a balanced market
LUXURY MARKET UPDATE
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q2) $1M+ For more information and great insights go to HarryNorman.com/Insights
NORTH FULTON | QUARTER 2 2023 Source: TrendGraphix. ZIP 30004 (FMLS), ZIP 30005 (FMLS), ZIP 30009 (FMLS), ZIP 30022 (FMLS), ZIP 30075 (FMLS), ZIP 30076 (FMLS), all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted. 192 3.7 313 $1.55M 33 234 9.9% 106.3% 4.9% 3.1% 11.5% 27.2% COMPARED TO Q2 2022 COMPARED TO Q2 2022 COMPARED TO Q2 2022 COMPARED TO Q2 2022 COMPARED TO Q2 2022 COMPARED TO Q2 2022 SELLER’S MARKET 6 months of inventory is a balanced market
LUXURY MARKET UPDATE
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q2) $1M+ For more information and great insights go to HarryNorman.com/Insights LUXURY
WEST COBB | QUARTER 2 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, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted. 76 5.2 151 $1.37M 38 132 48.3% 90% 7.1% 1.9% 7.3% 58.4% COMPARED TO Q2 2022 COMPARED TO Q2 2022 COMPARED TO Q2 2022 COMPARED TO Q2 2022 COMPARED TO Q2 2022 COMPARED TO Q2 2022 SELLER’S MARKET 6 months of inventory is a balanced market
MARKET UPDATE
LUXURY MARKET UPDATE
HOMES FOR SALE (END Q2)
11 37.5%
COMPARED TO Q2 2022
$1M+
TOTAL NEW LISTINGS
16
166.7%
COMPARED TO Q2 2022
AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET
38
2.6%
COMPARED TO Q2 2022
$1.49M
4.6%
COMPARED TO Q2 2022
SELLER’S MARKET
6 months of inventory is a balanced market
TOTAL HOMES SOLD
6
50%
COMPARED TO Q2 2022
MONTHS OF INVENTORY
5.5
8.3%
COMPARED TO Q2 2022
BLAIRSVILLE | QUARTER 2 2023 Source: TrendGraphix. Zip 30512, all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted.
For more information and great insights go to HarryNorman.com/Insights
LUXURY MARKET UPDATE
BLUE RIDGE | QUARTER 2 2023
$1M+
HOMES FOR SALE (END Q2)
47 11.9%
COMPARED TO Q2 2022
TOTAL NEW LISTINGS
53
TOTAL HOMES SOLD
14
12.5%
COMPARED TO Q2 2022
COMPARED TO Q2 2022
57
23%
COMPARED TO Q2 2022
AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET
$1.72M
6% 21.7%
COMPARED TO Q2 2022
MONTHS OF INVENTORY
10.1
27.9%
COMPARED TO Q2 2022
BUYER’S MARKET
Source: TrendGraphix. Zip 30513, all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted
For more information and great insights go to HarryNorman.com/Insights
6 months of inventory is a balanced market
LUXURY MARKET UPDATE
HALL COUNTY | QUARTER 2 2023
$1M+
HOMES FOR SALE (END Q2)
66
6.5%
COMPARED TO Q2 2022
TOTAL NEW LISTINGS
67
6.9%
COMPARED TO Q2 2022
AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET
36
29.4%
COMPARED TO Q2 2022
$1.44M
1.5%
COMPARED TO Q2 2022
BALANCED MARKET
6 months of inventory is a balanced market
TOTAL HOMES SOLD
38
11.6%
COMPARED TO Q2 2022
MONTHS OF INVENTORY
5.2
20.8%
COMPARED TO Q2 2022
Source: TrendGraphix. HALL COUNTY (FMLS), all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted
For more information and great insights go to HarryNorman.com/Insights