Welcome to this month’s real estate market report for the Greater Atlanta, Georgia area. The Greater Atlanta area includes the counties of Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Rockdale, and Paulding counties. The demand for single-family attached and detached homes in the Greater Atlanta area has fallen from one year ago. While average sale prices for both attached and detached homes has increased over the previous twelve months, sales activity has declined by about 20% over the same period. Find out more about the Greater Atlanta area real estate market in this helpful report.
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Atlanta Housing Stats
The average sale price for single-family detached homes in the Greater Atlanta area at the end of September 2023 was $536,484, which is up 4.7% from one year ago.
There was a total of 3,215 single-family detached properties sold in the Atlanta area during the month of September, sale activity is down 22.9% compared to this time one year ago.
A total of 2,880 single-family detached properties were under a pending contract in September, pending activity compared to the previous September is down 19.55%.
There were just 4,862 new single-family detached property listings that hit the market in September, new listing activity is down 22.1% when compared to September of last year.
There is a total of 8,634 single-family detached property listings for sale in the Greater Atlanta area, total detached inventory is down 21% from one year ago.
Single-family detached homes were on the market for an average of 29 days before being sold during the month of September, this up from 29 days on the market before being sold average at this time one year ago.
During the month of September, sellers of single-family detached homes were getting 98.9% of the original list price at closing, this is up from 98.7% during the previous September.
