Q3 2023 - Real Estate Market Update by Harry Norman, Realtors

QUARTERLY MARKET UPDATE

QUARTER 3 - 2023

QUARTERLY MARKET UPDATE METRO ATLANTA | QUARTER 3 2023

HOMES FOR SALE (END Q3)

TOTAL NEW LISTINGS

TOTAL HOMES SOLD

9,607

17,301

12,452

COMPARED TO Q3 2022

14.8%

15.9%

AVERAGE DAYS ON MARKET

AVERAGE SOLD PRICE

$531k

31.6%

COMPARED TO Q3 2022

4.7%

16.8%

MONTHS OF INVENTORY

2.3 NO CHANGE

COMPARED TO Q3 2022

SELLER’S MARKET

6 months of inventory is a balanced market

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.

For more information and great insights go to HarryNorman.com/Insights

QUARTERLY MARKET UPDATE BUCKHEAD | QUARTER 3 2023

HOMES FOR SALE (END Q3)

TOTAL NEW LISTINGS

TOTAL HOMES SOLD

739

1,025

546

COMPARED TO Q3 2022

5.6%

3.9%

18.5%

AVERAGE DAYS ON MARKET

AVERAGE SOLD PRICE

$852k

4.1

COMPARED TO Q3 2022

52.2%

7.8%

MONTHS OF INVENTORY

31.9%

SELLER’S MARKET

6 months of inventory is a balanced market

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.

For more information and great insights go to HarryNorman.com/Insights

QUARTERLY MARKET UPDATE COWETA COUNTY | QUARTER 3 2023

HOMES FOR SALE (END Q3)

TOTAL NEW LISTINGS

TOTAL HOMES SOLD

466

835

567

COMPARED TO Q3 2022

15.9%

11%

27.5%

AVERAGE DAYS ON MARKET

AVERAGE SOLD PRICE

$462k

2.5

COMPARED TO Q3 2022

57.1%

7.4%

MONTHS OF INVENTORY

64.8%

SELLER’S MARKET

6 months of inventory is a balanced market

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.

For more information and great insights go to HarryNorman.com/Insights

QUARTERLY MARKET UPDATE CHEROKEE COUNTY | QUARTER 3 2023

HOMES FOR SALE (END Q3)

TOTAL NEW LISTINGS

TOTAL HOMES SOLD

738

1,346

1,074

COMPARED TO Q3 2022

25.5%

21.1%

AVERAGE DAYS ON MARKET

AVERAGE SOLD PRICE

$532k

2.1

COMPARED TO Q3 2022

35%

6.2%

MONTHS OF INVENTORY

15.7%

SELLER’S MARKET

6 months of inventory is a balanced market

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.

For more information and great insights go to HarryNorman.com/Insights

QUARTERLY MARKET UPDATE DEKALB COUNTY | QUARTER 3 2023

HOMES FOR SALE (END Q3)

TOTAL NEW LISTINGS

TOTAL HOMES SOLD

1,615

2,980

1,971

COMPARED TO Q3 2022

7.7%

12.5%

17.9%

AVERAGE DAYS ON MARKET

AVERAGE SOLD PRICE

$472k

2.5

COMPARED TO Q3 2022

20%

3.1%

MONTHS OF INVENTORY

13.7%

SELLER’S MARKET

6 months of inventory is a balanced market

Source: TrendGraphix. DEKALB 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.

For more information and great insights go to HarryNorman.com/Insights

QUARTERLY MARKET UPDATE EAST COBB | QUARTER 3 2023

HOMES FOR SALE (END Q3)

TOTAL NEW LISTINGS

TOTAL HOMES SOLD

449

982

792

COMPARED TO Q3 2022

15.1%

14.5%

20.6%

AVERAGE DAYS ON MARKET

AVERAGE SOLD PRICE

$611k

1.7

COMPARED TO Q3 2022

5.9%

1.5%

MONTHS OF INVENTORY

6.3%

SELLER’S MARKET

6 months of inventory is a balanced market

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.

For more information and great insights go to HarryNorman.com/Insights

QUARTERLY MARKET UPDATE FAYETTE COUNTY | QUARTER 3 2023

HOMES FOR SALE (END Q3)

TOTAL NEW LISTINGS

TOTAL HOMES SOLD

289

573

409

COMPARED TO Q3 2022

9.7%

20.9%

25.6%

AVERAGE DAYS ON MARKET

AVERAGE SOLD PRICE

$528k

2.1

COMPARED TO Q3 2022

14.3%

1.3%

MONTHS OF INVENTORY

22.9%

SELLER’S MARKET

6 months of inventory is a balanced market

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.

For more information and great insights go to HarryNorman.com/Insights

QUARTERLY MARKET UPDATE FORSYTH COUNTY | QUARTER 3 2023

HOMES FOR SALE (END Q3)

TOTAL NEW LISTINGS

TOTAL HOMES SOLD

466

1,045

862

COMPARED TO Q3 2022

35.4%

25.7%

24.1%

AVERAGE DAYS ON MARKET

AVERAGE SOLD PRICE

$673k

1.6

COMPARED TO Q3 2022

11.1%

MONTHS OF INVENTORY

10.9%

15.7%

SELLER’S MARKET

6 months of inventory is a balanced market

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.

For more information and great insights go to HarryNorman.com/Insights

QUARTERLY MARKET UPDATE GWINNETT COUNTY | QUARTER 3 2023

HOMES FOR SALE (END Q3)

TOTAL NEW LISTINGS

TOTAL HOMES SOLD

1,886

3,511

2,722

COMPARED TO Q3 2022

28.1%

22.7%

16.6%

AVERAGE DAYS ON MARKET

AVERAGE SOLD PRICE

$470k

2.1

COMPARED TO Q3 2022

30%

MONTHS OF INVENTORY

12.4%

SELLER’S MARKET

6 months of inventory is a balanced market

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.

For more information and great insights go to HarryNorman.com/Insights

QUARTERLY MARKET UPDATE HALL COUNTY | QUARTER 3 2023

HOMES FOR SALE (END Q3)

TOTAL NEW LISTINGS

TOTAL HOMES SOLD

523

787

656

COMPARED TO Q3 2022

18.4%

19.5%

6.2%

AVERAGE DAYS ON MARKET

AVERAGE SOLD PRICE

$503k

2.4

COMPARED TO Q3 2022

72.7%

5.9%

MONTHS OF INVENTORY

14.5%

SELLER’S MARKET

6 months of inventory is a balanced market

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.

For more information and great insights go to HarryNorman.com/Insights

QUARTERLY MARKET UPDATE INTOWN | QUARTER 3 2023

HOMES FOR SALE (END Q3)

TOTAL NEW LISTINGS

TOTAL HOMES SOLD

821

1,336

870

COMPARED TO Q3 2022

1.1%

10.2%

18.6%

AVERAGE DAYS ON MARKET

AVERAGE SOLD PRICE

$599k

2.8

COMPARED TO Q3 2022

18.2%

3.6%

MONTHS OF INVENTORY

21.9%

SELLER’S MARKET

6 months of inventory is a balanced market

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.

For more information and great insights go to HarryNorman.com/Insights

QUARTERLY MARKET UPDATE NORTH FULTON | QUARTER 3 2023

HOMES FOR SALE (END Q3)

TOTAL NEW LISTINGS

TOTAL HOMES SOLD

569

1,093

896

COMPARED TO Q3 2022

14.6%

19.1%

22.3%

AVERAGE DAYS ON MARKET

AVERAGE SOLD PRICE

$798k

1.9

COMPARED TO Q3 2022

23.5%

8.7%

MONTHS OF INVENTORY

11.5%

SELLER’S MARKET

6 months of inventory is a balanced market

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.

For more information and great insights go to HarryNorman.com/Insights

QUARTERLY MARKET UPDATE WEST COBB | QUARTER 3 2023

HOMES FOR SALE (END Q3)

TOTAL NEW LISTINGS

TOTAL HOMES SOLD

1,273

2,576

2,075

COMPARED TO Q3 2022

22.5%

17.6%

13.8%

AVERAGE DAYS ON MARKET

AVERAGE SOLD PRICE

$493k

1.8

COMPARED TO Q3 2022

33.3%

5.6%

MONTHS OF INVENTORY

9.8%

SELLER’S MARKET

6 months of inventory is a balanced market

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.

For more information and great insights go to HarryNorman.com/Insights

QUARTERLY MARKET UPDATE TRI-CITIES | QUARTER 3 2023

HOMES FOR SALE (END Q3)

TOTAL NEW LISTINGS

TOTAL HOMES SOLD

253

343

169

COMPARED TO Q3 2022

33.2%

17.1%

AVERAGE DAYS ON MARKET

AVERAGE SOLD PRICE

$323k

4.5

COMPARED TO Q3 2022

40.9%

7.7%

MONTHS OF INVENTORY

24.9%

SELLER’S MARKET

6 months of inventory is a balanced market

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.

For more information and great insights go to HarryNorman.com/Insights

QUARTERLY MARKET UPDATE DUNWOODY & SANDY SPRINGS | QUARTER 3 2023

HOMES FOR SALE (END Q3)

TOTAL NEW LISTINGS

TOTAL HOMES SOLD

686

1,191

762

COMPARED TO Q3 2022

10.3%

22.2%

AVERAGE DAYS ON MARKET

AVERAGE SOLD PRICE

$837k

2.7

COMPARED TO Q3 2022

33.3%

15.1%

MONTHS OF INVENTORY

34.3%

SELLER’S MARKET

6 months of inventory is a balanced market

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.

For more information and great insights go to HarryNorman.com/Insights

QUARTERLY MARKET UPDATE BLUE RIDGE | QUARTER 3 2023

HOMES FOR SALE (END Q3)

TOTAL NEW LISTINGS

TOTAL HOMES SOLD

194

179

COMPARED TO Q3 2022

4.4%

4.7%

16.8%

AVERAGE DAYS ON MARKET

AVERAGE SOLD PRICE

$738k

6.2

COMPARED TO Q3 2022

27.3%

0.8%

MONTHS OF INVENTORY

14.8%

BALANCED MARKET

6 months of inventory is a balanced market

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.

For more information and great insights go to HarryNorman.com/Insights

QUARTERLY MARKET UPDATE BLAIRSVILLE | QUARTER 3 2023

HOMES FOR SALE (END Q3)

TOTAL NEW LISTINGS

TOTAL HOMES SOLD

146

183

139

COMPARED TO Q3 2022

15.9%

4.2%

10.9%

AVERAGE DAYS ON MARKET

AVERAGE SOLD PRICE

$450k

3.2

COMPARED TO Q3 2022

51.6%

9.8%

MONTHS OF INVENTORY

33%

SELLER’S MARKET

6 months of inventory is a balanced market

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.

For more information and great insights go to HarryNorman.com/Insights