Atlanta REALTORS® Market Brief: December 2020
January 19, 2021
Demand: December residential sales were at 6,635, an increase of 6.1% from the previous year.
Price: Average and median sales prices continue to gain traction and outpace 2019’s figures, with positive gains. The median sales price in December was $310,000, an increase of 12.1% from last December. The average sales price was $377,500, up 12.4% from the previous year.
Supply: Atlanta area housing inventory totaled 8,806 units in December, a decrease of 44.8% from December 2019. New listings totaled 5,219, up 0.6% from December 2019 and down 16.8% from the previous month. The month’s supply over a 12-month period decreased to 1.4 months.
A Word from 2021 Atlanta REALTORS® President Cynthia Lippert:
"December sales continued at a robust pace for Metro Atlanta, outpacing early predictions, and signs point to this pace continuing into 2021," stated Cynthia Lippert, 2021 President of the Atlanta REALTORS® Association. "Interest rates remain low and market conditions still remain favorable, bolstering expectations for continued growth."
"Inventory remains a concern as the supply has declined further to 1.3 months of availability. In an extreme seller's market, preparation is absolutely paramount for buyers facing a strong likelihood of multiple bid competition across many price points. Agents should encourage their clients to have approved financing in place and be ready to submit an offer as soon as a property becomes available.”
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. Covers 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 10,000 members, Atlanta is the largest board 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, 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 First Multiple Listing Service
First Multiple Listing Service, Inc. (FMLS) is the premier data services provider for real estate professionals in Georgia. FMLS was founded by a handful of real estate brokers in Atlanta in 1957. Today, membership is growing quickly and is spreading in every direction throughout Georgia. Currently, FMLS has over 2,300 offices and serves more than 43,000 real estate agents. The FMLS listing database contains more than 31,000 active listings located all over Georgia.
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