Q4 2023 - Real Estate Market Update by Harry Norman, Realtors

QUARTERLY MARKET UPDATE

QUARTER 4 - 2023

QUARTERLY MARKET UPDATE METRO ATLANTA | QUARTER 4 2023

HOMES FOR SALE (END Q4)

TOTAL NEW LISTINGS

TOTAL HOMES SOLD

9,289

13,396

10,009

1.7%

4.1%

7.8%

COMPARED TO Q4 2022

AVERAGE DAYS ON MARKET

AVERAGE SOLD PRICE

$531k

2.8

COMPARED TO Q4 2022

3.2%

8.8%

MONTHS OF INVENTORY

7.7%

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 4 2023

HOMES FOR SALE (END Q4)

TOTAL NEW LISTINGS

666

TOTAL HOMES SOLD

760

12.1%

COMPARED TO Q4 2022

500

15.5%

5.7%

COMPARED TO Q4 2022

AVERAGE DAYS ON MARKET

AVERAGE SOLD PRICE

$935k

COMPARED TO Q4 2022

16.1%

18.1%

MONTHS OF INVENTORY

17.8%

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 4 2023

HOMES FOR SALE (END Q4)

TOTAL NEW LISTINGS

472

TOTAL HOMES SOLD

602

2.6%

COMPARED TO Q4 2022

482

6.7%

11.7%

COMPARED TO Q4 2022

AVERAGE DAYS ON MARKET

AVERAGE SOLD PRICE

$449k 2.9

COMPARED TO Q4 2022

21.2%

MONTHS OF INVENTORY

3.5%

15.8%

COMPARED TO Q4 2022

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 4 2023

HOMES FOR SALE (END Q4)

TOTAL NEW LISTINGS

TOTAL HOMES SOLD

746

1,102

890

4.6%

10.1%

COMPARED TO Q4 2022

AVERAGE DAYS ON MARKET

AVERAGE SOLD PRICE

$537k

2.5

COMPARED TO Q4 2022

17.1%

13.1%

MONTHS OF INVENTORY

3.9%

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 4 2023

HOMES FOR SALE (END Q4)

TOTAL NEW LISTINGS

TOTAL HOMES SOLD

1,642

2,478

1,654

3.1%

5.6%

8.1%

COMPARED TO Q4 2022

AVERAGE DAYS ON MARKET

AVERAGE SOLD PRICE

$458k

COMPARED TO Q4 2022

3.4%

3.9%

MONTHS OF INVENTORY

11.3%

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 4 2023

HOMES FOR SALE (END Q4)

TOTAL NEW LISTINGS

364

TOTAL HOMES SOLD

682

17.8%

COMPARED TO Q4 2022

585

4.3%

5.9%

COMPARED TO Q4 2022

AVERAGE DAYS ON MARKET

AVERAGE SOLD PRICE

$622k

1.9

COMPARED TO Q4 2022

20.7%

5.4%

MONTHS OF INVENTORY

9.4%

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 4 2023

HOMES FOR SALE (END Q4)

TOTAL NEW LISTINGS

261

TOTAL HOMES SOLD

428

4.7%

COMPARED TO Q4 2022

320

9.5%

19.8%

COMPARED TO Q4 2022

AVERAGE DAYS ON MARKET

AVERAGE SOLD PRICE

$526k

2.4

COMPARED TO Q4 2022

9.7%

2.3%

MONTHS OF INVENTORY

14.6%

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 4 2023

HOMES FOR SALE (END Q4)

TOTAL NEW LISTINGS

444

TOTAL HOMES SOLD

769

18.8%

COMPARED TO Q4 2022

643

8.9%

COMPARED TO Q4 2022

AVERAGE DAYS ON MARKET

AVERAGE SOLD PRICE

$657k

2.1

COMPARED TO Q4 2022

20%

14.1%

MONTHS OF INVENTORY

8.6%

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 4 2023

HOMES FOR SALE (END Q4)

TOTAL NEW LISTINGS

TOTAL HOMES SOLD

1,698

2,543

2,164

16.3%

7.9%

COMPARED TO Q4 2022

AVERAGE DAYS ON MARKET

AVERAGE SOLD PRICE

$468k

2.4

COMPARED TO Q4 2022

8.6%

9.6%

MONTHS OF INVENTORY

7.7%

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 4 2023

HOMES FOR SALE (END Q4)

TOTAL NEW LISTINGS

518

TOTAL HOMES SOLD

611

3.5%

COMPARED TO Q4 2022

488

2.7%

16%

COMPARED TO Q4 2022

AVERAGE DAYS ON MARKET

AVERAGE SOLD PRICE

$483k

3.2

COMPARED TO Q4 2022

11.5%

MONTHS OF INVENTORY

14.4%

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 4 2023

HOMES FOR SALE (END Q4)

TOTAL NEW LISTINGS

TOTAL HOMES SOLD

770

1,025

682

15.4%

COMPARED TO Q4 2022

12%

3.9%

COMPARED TO Q4 2022

AVERAGE DAYS ON MARKET

AVERAGE SOLD PRICE

$618k

3.4

COMPARED TO Q4 2022

17.9%

7.7%

MONTHS OF INVENTORY

21.3%

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 4 2023

HOMES FOR SALE (END Q4)

TOTAL NEW LISTINGS

456

TOTAL HOMES SOLD

755

11.1%

COMPARED TO Q4 2022

721

1.9%

6.6%

COMPARED TO Q4 2022

AVERAGE DAYS ON MARKET

AVERAGE SOLD PRICE

$795k

1.9

COMPARED TO Q4 2022

6.9%

10.7%

MONTHS OF INVENTORY

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 4 2023

HOMES FOR SALE (END Q4)

TOTAL NEW LISTINGS

TOTAL HOMES SOLD

1,200

1,989

1,608

8.4%

2.6%

7.1%

COMPARED TO Q4 2022

AVERAGE DAYS ON MARKET

AVERAGE SOLD PRICE

$475k

2.2

COMPARED TO Q4 2022

6.5%

5.8%

MONTHS OF INVENTORY

4.4%

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 4 2023

HOMES FOR SALE (END Q4)

TOTAL NEW LISTINGS

291

TOTAL HOMES SOLD

318

50%

COMPARED TO Q4 2022

151

26.2%

38.5%

COMPARED TO Q4 2022

AVERAGE DAYS ON MARKET

AVERAGE SOLD PRICE

$323k

5.8

COMPARED TO Q4 2022

11.1%

7.3%

MONTHS OF INVENTORY

9.4%

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 SANDY SPRINGS & DUNWOODY | QUARTER 4 2023

HOMES FOR SALE (END Q4)

TOTAL NEW LISTINGS

603

TOTAL HOMES SOLD

842

20.6%

COMPARED TO Q4 2022

633

11.2%

7.5%

COMPARED TO Q4 2022

AVERAGE DAYS ON MARKET

AVERAGE SOLD PRICE

$868k

2.9

COMPARED TO Q4 2022

3.6%

13.5%

MONTHS OF INVENTORY

31.9%

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 BLAIRSVILLE | QUARTER 4 2023

HOMES FOR SALE (END Q4)

TOTAL NEW LISTINGS

144

TOTAL HOMES SOLD

48.5%

COMPARED TO Q4 2022

4.9%

25%

COMPARED TO Q4 2022

AVERAGE DAYS ON MARKET

AVERAGE SOLD PRICE

$461k

5.3

COMPARED TO Q4 2022

33.3%

15.3%

MONTHS OF INVENTORY

96.5%

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

QUARTERLY MARKET UPDATE BLUE RIDGE | QUARTER 4 2023

HOMES FOR SALE (END Q4)

TOTAL NEW LISTINGS

193

TOTAL HOMES SOLD

150

30.4%

COMPARED TO Q4 2022

20%

12%

COMPARED TO Q4 2022

AVERAGE DAYS ON MARKET

AVERAGE SOLD PRICE

$725k

6.6

COMPARED TO Q4 2022

21.4%

6.5%

MONTHS OF INVENTORY

49.5%

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