Atlanta REALTORS® Market Brief: November 2022
December 20, 2022
The November 2022 Market Brief, compiled by First Multiple Listing Service (FMLS), provides a regionally focused synopsis of monthly sales and home prices for residential properties in Metro Atlanta. This summary covers 11 counties: Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Paulding, and Rockdale.
Demand: November residential sales were at 3,988, a decrease of 39.8% from the previous year.
Price: Average and median sales prices continue to outpace 2021’s figures, with positive gains. The median sales price in November was $390,000, an increase of 5.4% from last November. The average sales price was $460,000, up 4.3% from the previous year.
Supply: Atlanta area housing inventory totaled 12,358 units in November, an increase of 51.0% from November 2021. New listings totaled 5,007, down 22.8% from November 2021 and down 24.0% from the previous month. The month’s supply over a 12-month period decreased to 2.1 months.
A Word from 2022 Atlanta REALTORS® President Karen Hatcher:
“The continued increase in interest rates in 2022, has led to a 39.9% decrease in year over year sales,” reports Atlanta REALTORS® Association President Karen Hatcher. “Despite this decrease, the median home price is still holding strong with a 5.4% increase over 2021 prices.”
“Inventory is up 51% since November 2021 but this has not had a huge impact on the available properties as we still only have 2.1 month’s supply,” says Hatcher.
The data in this report was compiled by First Multiple Listing Service (FMLS). For more information on details of this month's report, please contact the Association at 404.250.0051.
About the GRBOR Market Brief
The Greater Rome Board of REALTORS® (GRBOR) Market Brief is compiled by Georgia Multiple Listing Service (GAMLS).For more information on details of this month's report, please contact the Board at 404.845.4025.
*Each month, the numbers reported for the previous month are updated to reflect additional recordings.
About the Greater Rome Board of REALTORS®
The Greater Rome Board of REALTORS® (GRBOR) has been an instrumental factor in the growth of real estate in Floyd County, Georgia for more than a decade. GRBOR serves as a central source of information for its members, with mainly focusing on real estate education, the promotion of professionalism in the industry and representing REALTORS® members with legislative initiatives to create positive change for the real estate community.
About Georgia Multiple Listing Service
Since 1962 Georgia MLS has been providing real estate professionals with exceptional service, proven technology solutions, and unmatched value. With a laser-sharp focus on making the day-to-day tasks of our MLS subscribers more functional, more productive, and more profitable, we continue to implement the service blueprint that has led to our continued growth. For additional information or to start a discussion about how to partner with GAMLS please contact firstname.lastname@example.org.
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