Market Briefs

Atlanta REALTORS® Market Brief: April 2022

May 25, 2022

April Highlights

The April 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: April residential sales were at 6,331, a decrease of 13.8% from the previous year.

Price: Average and median sales prices continue to outpace 2021's figures, with positive gains. The median sales price in April was $412,500, an increase of 20.3% from last April. The average sales price was $500,500, up 18.2% from the previous year.

Supply: Atlanta area housing inventory totaled 7,245 units in April, a decrease of 6.2% from April 2021. New listings totaled 8,153, down 11.7% from April 2021 and down 2.1% from the previous month. The month's supply over a 12-month period increased to 1.1 months.

Karen HatcherA Word from 2022 Atlanta REALTORS® President Karen Hatcher:

"Metro Atlanta reached record highs for median and average sales price at $412,500 and $500,500 respectively for April indicating the housing market is still hot," reports Atlanta REALTORS® Association President Karen Hatcher. "This is the first time ever the median price has been over $400,000 and the average price over $500,000."

"As we moved into the busy spring season, we saw a slight increase in inventory with supply inching back over 1 month for the first time since December," says Hatcher. "Although a positive sign, we are still very much in a Seller's market."

"While interest rates are rising, they are historically still low. We are continuing to see multiple offers on homes and offers above the list price. Buyers should continue to stay prepared for a search that could take months," stated Hatcher. "We encourage buyers to work with a REALTOR® and be ready to act quickly. This market requires a very close watchful eye and a strong network as properties go under contract within days of listing."

"As Metro Atlanta continues to progress economically, and with our current state of inventory, we will continue to see rising prices. It's exciting to see the growth of the city, but we need to continue our focus on housing supply, affordability and work to ensure everyone has access to home ownership."

Infographic   :   Download PDF   :   Press Release

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 ARA Market Brief

The Atlanta REALTORS® (ARA Market Brief is compiled by First Multiple Listing Service (FMLS) and provides the only regionally focused synopsis of monthly sales and home prices for single-family residential properties. The Market Brief covers the following 11 counties: Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Paulding, and Rockdale.

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.

*Each month, the numbers reported for the previous month are updated to reflect additional recordings.

About the Atlanta REALTORS® Association

The Atlanta REALTORS® Association (ARA) has been an instrumental factor in the growth of real estate in the state of Georgia for more than a century. With over 12,000 members, Atlanta is the largest association in Georgia and is considered to be one of the strongest and most successful REALTOR® organizations in the nation. ARA serves as a central source of information for its members, 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 First Multiple Listing Service

First Multiple Listing Service (FMLS) is the premier data services provider for real estate professionals in Georgia. FMLS was founded in 1957 by a group of Brokers who wanted to share their listings and connect buyers and sellers.  Today FMLS is the largest MLS in Georgia & the 4th largest MLS in the United States, serving nearly 54,000 real estate Agents & Brokers.  For additional information or to start a discussion about how to partner with FMLS please contact join@fmls.com.

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