Market Briefs

Atlanta REALTORS® Market Brief: March 2021

April 19, 2021

March Highlights

Demand: March residential sales were at 6,952, an increase of 7.3% from the previous year.

Price: Average and median sales prices continue to outpace 2020’s figures, with positive gains. The median sales price in March was $330,000, an increase of 15.8% from last March. The average sales price was $396,500, up 15.9% from the previous year.

Supply: Atlanta area housing inventory totaled 7,426 units in March, a decrease of 55.8% from March 2020. New listings totaled 8,767, down 7.4% from March 2020 and up 25.4% from the previous month. The month’s supply over a 12-month period decreased to 1.1 months.

A Word from 2021 Atlanta REALTORS® President Cynthia Lippert: 

"We see the increase in sales as a positive sign, that even though we’re facing some real challenges with low inventory levels, agents are finding creative solutions to ease some of the burden for consumers," stated Cynthia Lippert, 2021 President of the Atlanta REALTORS® Association. “The importance of understanding the market is paramount to making all of this work.”

Asked more and more frequently for her advice to fatigued buyers and contemplating sellers, these days Lippert analogizes this unique housing marketplace to a complex puzzle. “I see agents rather skillfully connecting opportunity with need, sometimes problem-solving several steps ahead and looking heavily to their networks for solutions to piece it all together. This is real ingenuity at work, and it’s always been at the heart of what we do. This is what REALTORS® do everyday, and we’re just stepping up our game to meet the challenges of the day.”

 

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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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