Market Briefs

Atlanta REALTORS® Market Brief: January 2022

February 23, 2022

January Highlights

The January 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: January residential sales were at 4,289, a decrease of 8.8% from the previous year.

Price: Average and median sales prices continue to outpace 2021's figures, with positive gains. The median sales price in January was $375,000, an increase of 23.0% from last January. The average sales price was $438,500, up 16.9% from the previous year.

Supply: Atlanta area housing inventory totaled 6,240 units in January, a decrease of 24.2% from January 2021. New listings totaled 6,166, down 12.3% from January 2021 and up 24.1% from the previous month. The month's supply over a 12-month period decreased to 0.9 months.

A Word from 2022 Atlanta REALTORS® President Karen Hatcher:

"It's worth noting that 2022 will be the first year of somewhat normalized data, in that it's not being compared to 2020," notes Atlanta REALTORS® Association President Karen Hatcher.

"Carrying over from the strong trend at the end of last year, sales continue to show year over year decline as the inventory that's making it to the market just isn't sufficient to meet demand," stated Hatcher. "With inventory continuously falling short, prices are naturally going to keep increasing," Hatcher warns buyers. "It's going to take a long time for supply to catch up, which means it's only going to get more expensive to buy, not less."

"For anyone considering buying or selling in the coming year, it's going to be especially important to plan carefully," cautions Hatcher, adding that although it may seem straightforward, it's not a time to try to go it alone. We expect more consumers to choose to work with a professional REALTOR® as the market gets increasingly nuanced throughout this year.

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.

Monthly Reports