Market Briefs

Atlanta REALTORS® Market Brief: September 2023

December 20, 2023

September Highlights

The September 2023 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: The Atlanta REALTORS® Market Brief is designed to offer an overview of the Atlanta residential market by providing a synopsis of sales and home prices, and covers 11 counties: Cherokee, Clayton, Cobb, DeKalb, Douglas, Forsyth, Fulton, Gwinnett, Fayette, Paulding, and Rockdale.

Demand: September residential sales were at 4,371 a decrease of 20.3% from the previous year.

Price: Average and median sales prices continue to outpace 2022’s figures, with positive gains. The median sales price in September was $410,000, an increase of 2.5% from last September. The average sales price was $502,000, up 5.1% from the previous year.

Supply: Atlanta area housing inventory totaled 11,252 units in September, a decrease of 16.4% from September 2022. New listings totaled 6,422, down 17% from September 2022 and down 7.8% from the previous month. The month’s supply over a 12-month period increased to 2.4 months.

September Market Brief

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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.

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