Market Briefs

Atlanta REALTORS® Market Brief: May 2021

June 15, 2021

May Highlights

Demand: May residential sales were at 6,631, an increase of 27.5% from the previous year.

Price: Average and median sales prices continue to outpace 2020’s figures, with positive gains. The median sales price in May was $363,000, an increase of 27.4% from last May. The average sales price was $444,500, up 30.9% from the previous year.

Supply: Atlanta area housing inventory totaled 7,846 units in May, a decrease of 50.9% from May 2020. New listings totaled 8,402, down 4.8% from May 2020 and down 10.7% 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: 

"Scarce inventory is certainly playing a role in the decrease in units as well as increasing prices," stated Cynthia Lippert, 2021 President of the Atlanta REALTORS® Association. “The lower number of units for May is in stark contrast to sales volume, which continues to surge as price growth accelerates.”

“The decline in units sold may also be indicative that buyer fatigue is growing as inventory slipped again in May to just over a month of supply,” cautions Lippert. “With home prices increasing 31% from this time last year, there is a growing contingent of buyers that are likely prohibited from making a move at this time.”

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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