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Atlanta's Housing Market Update

April 2024

35 slides · March 2024 data · FMLS and GAMLS

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Every finding, in text

What the April 2024 data shows

The same 35 findings as the deck above, written out with the numbers behind them. March 2024 data, from our own FMLS and GAMLS closed-sales archive.

1. Mortgage Rates

30-yr fixed at 6.82%, up 0.50 pts from a year ago

30-year fixed vs the 10-year Treasury, weekly

Mortgage Rates: 30-year fixed vs the 10-year Treasury, weekly
Month10-Yr Treasury30-Yr FixedMortgage RatesMortgage Rates
Apr 233.44%6.43%——
May 233.64%6.57%——
Jun 233.81%6.71%——
Jul 233.97%6.81%——
Aug 234.09%7.18%——
Sep 234.59%7.31%——
Oct 234.88%7.79%——
Nov 234.37%7.22%——
Dec 233.88%6.61%——
Jan 243.99%6.69%——
Feb 244.25%6.94%——
Mar 244.2%6.79%——
Apr 244.55%6.82%6.82%4.55%

Source: Freddie Mac PMMS and FRED (DGS10)

2. Median Price

Single family at $414K, up 2.2% from a year ago

Core Atlanta counties, by property type

Median Price: Core Atlanta counties, by property type
MonthSingle FamilyTownhouseCondoMedian PriceMedian PriceMedian Price
Mar 23$405,000$335,000$279,000———
Apr 23$405,000$335,000$280,000———
May 23$404,000$335,000$280,000———
Jun 23$400,500$337,000$280,000———
Jul 23$400,000$340,000$283,675———
Aug 23$400,000$344,000$285,000———
Sep 23$400,845$345,000$285,000———
Oct 23$404,050$349,990$286,000———
Nov 23$405,000$351,376$287,500———
Dec 23$405,740$355,000$288,000———
Jan 24$408,000$359,000$289,500———
Feb 24$410,000$360,000$289,920———
Mar 24$414,000$365,000$292,000$414,000$365,000$292,000

Source: GAMLS, all construction types

3. Median Price, New Construction vs Pre-Owned

New construction at $470K, $70K above pre-owned

Single family, core Atlanta counties

Median Price, New Construction vs Pre-Owned: Single family, core Atlanta counties
MonthNew ConstructionPre-OwnedMedian Price, New Construction vs Pre-OwnedMedian Price, New Construction vs Pre-Owned
Mar 23$468,870$398,500——
Apr 23$472,770$395,000——
May 23$475,237$395,000——
Jun 23$474,995$390,500——
Jul 23$473,490$390,000——
Aug 23$471,685$390,000——
Sep 23$470,000$390,000——
Oct 23$469,945$394,000——
Nov 23$470,000$395,000——
Dec 23$468,000$396,000——
Jan 24$468,435$399,000——
Feb 24$469,900$400,000——
Mar 24$469,990$400,000$469,990$400,000

Source: GAMLS, single family

4. Median Price by County

Forsyth highest at $610K, Clayton lowest at $250K

Single family, pre-owned, Mar of each year

Median Price by County: Single family, pre-owned, Mar of each year
Area202220232024
Forsyth$485,000$570,000$610,000
Fulton$445,000$477,000$500,000
Fayette$400,000$443,500$480,000
Cherokee$390,625$435,000$459,900
Cobb$388,500$420,000$435,000
Gwinnett$365,000$405,000$412,000
DeKalb$359,000$385,000$375,000
Paulding$310,000$345,000$340,500
Henry$298,500$335,000$330,000
Douglas$285,000$310,450$311,000
Rockdale$274,000$309,000$297,845
Clayton$219,000$253,000$250,000

Source: GAMLS, single family, previously owned

5. Where Prices Are Rising and Cooling

Brookhaven hottest at +16.1%, Union City coolest at -9.0%

Single family, median price year over year by city, Mar 2024, all construction

Where Prices Are Rising and Cooling: Single family, median price year over year by city, Mar 2024, all construction
ZipWhere Prices Are Rising and CoolingWhere Prices Are Rising and Cooling
Brookhaven0.2—
Alpharetta0.1—
Canton0.1—
Duluth0.1—
Auburn0.1—
Peachtree Corners0.1—
Marietta0.1—
Peachtree City0.1—
Stockbridge-0—
Locust Grove-0—
Hampton-0—
Austell-0—
Hiram-0—
Lithonia-0—
Atlanta-0.1—
Union City-0.1—
Cherokee—0
Clayton—0
Cobb—0
DeKalb—0
Douglas—0
Fayette—0
Forsyth—0
Fulton—0
Gwinnett—0
Henry—0
Paulding—0
Rockdale—0

Source: GAMLS, single family, all construction types. Unincorporated areas and cities with fewer than 10 closings in either compared month not shown

6. New Listings

Mar at 7,904, up 10.3% vs Mar 2023

Core Atlanta counties, all property types, by month

New Listings: Core Atlanta counties, all property types, by month
Area202220232024New Listings
Jan6,1065,8676,564—
Feb6,4995,6227,274—
Mar8,2347,1677,9047,904
Apr8,1726,523——
May9,0047,389——
Jun10,5617,967——
Jul9,2167,119——
Aug8,5327,350——
Sep7,9496,902——
Oct6,9066,956——
Nov5,4105,866——
Dec4,2584,090——

Source: GAMLS, monthly totals (SF + TH + Condo)

7. New Listings by County

Fulton highest at 1,134, Rockdale lowest at 111

Single family, pre-owned, Mar of each year

New Listings by County: Single family, pre-owned, Mar of each year
Area202220232024
Fulton1,1779491,134
Gwinnett1,051806888
DeKalb807721714
Cobb891749663
Henry423360410
Cherokee350337357
Forsyth357245311
Clayton289266305
Paulding324214272
Douglas212184197
Fayette170156169
Rockdale117119111

Source: GAMLS, single family, previously owned

8. Active Listings

Mar at 11,735, up 28.5% vs Mar 2023

Core Atlanta counties, all property types, by month

Active Listings: Core Atlanta counties, all property types, by month
Area202220232024Active Listings
Jan5,97910,12710,545—
Feb5,4559,29711,293—
Mar5,8179,13311,73511,735
Apr6,5698,857——
May7,4919,041——
Jun10,2259,931——
Jul11,92810,164——
Aug12,25110,603——
Sep13,13511,342——
Oct13,25511,872——
Nov12,67812,043——
Dec11,03010,532——

Source: GAMLS, monthly totals (SF + TH + Condo)

9. Active Listings by County

Fulton highest at 1,756, Fayette lowest at 203

Single family, pre-owned, Mar of each year

Active Listings by County: Single family, pre-owned, Mar of each year
Area202220232024
Fulton9081,2861,756
DeKalb5748311,026
Gwinnett636829956
Cobb486665711
Henry271460690
Clayton203392543
Paulding208276404
Cherokee217282395
Douglas186245331
Forsyth167181250
Rockdale118182206
Fayette99140203

Source: GAMLS, single family, previously owned

10. Pending Listings

Mar at 5,468, down 3.7% vs Mar 2023

Core Atlanta counties, all property types, by month

Pending Listings: Core Atlanta counties, all property types, by month
Area202220232024Pending Listings
Jan5,6274,5314,292—
Feb6,0214,7884,643—
Mar6,9145,6765,4685,468
Apr6,5315,330——
May6,9695,488——
Jun6,2415,248——
Jul5,6775,055——
Aug5,9634,837——
Sep4,7544,118——
Oct4,2404,079——
Nov3,6733,493——
Dec3,2623,177——

Source: GAMLS, monthly totals (SF + TH + Condo)

11. Pending Listings by County

Fulton highest at 697, Rockdale lowest at 77

Single family, pre-owned, Mar of each year

Pending Listings by County: Single family, pre-owned, Mar of each year
Area202220232024
Fulton914631697
Gwinnett874719643
Cobb786581538
DeKalb659541531
Cherokee305260298
Forsyth281196246
Henry343280224
Paulding274236214
Clayton271203206
Douglas207171120
Fayette153130120
Rockdale1018877

Source: GAMLS, single family, previously owned

12. Closed Listings

Mar at 4,820, down 13.0% vs Mar 2023

Core Atlanta counties, all property types, by month

Closed Listings: Core Atlanta counties, all property types, by month
Area202220232024Closed Listings
Jan4,4823,0463,121—
Feb5,2904,1023,990—
Mar6,8205,5424,8204,820
Apr6,5205,000——
May6,9815,764——
Jun7,0505,699——
Jul6,0664,939——
Aug6,2225,354——
Sep5,6884,513——
Oct4,8164,256——
Nov4,2483,841——
Dec4,2713,961——

Source: GAMLS, monthly totals (SF + TH + Condo)

13. Closed Listings by County

Fulton highest at 632, Rockdale lowest at 63

Single family, pre-owned, Mar of each year

Closed Listings by County: Single family, pre-owned, Mar of each year
Area202220232024
Fulton834580632
Gwinnett877749566
DeKalb613530460
Cobb721559452
Cherokee329246255
Clayton289224193
Henry360243192
Paulding279217189
Forsyth247214186
Douglas208142110
Fayette13711882
Rockdale1288263

Source: GAMLS, single family, previously owned

14. Active to Closed Ratio

9,117 actives, 2.3 for every Mar closing

Single family, core Atlanta counties, all construction

Active to Closed Ratio: Single family, core Atlanta counties, all construction
MonthActiveClosedActive to Closed RatioActive to Closed Ratio
Mar 237,3514,420——
Apr 237,1354,018——
May 237,3194,633——
Jun 238,0734,563——
Jul 238,2183,999——
Aug 238,5704,293——
Sep 239,1013,581——
Oct 239,4953,405——
Nov 239,5323,119——
Dec 238,2943,142——
Jan 248,2562,526——
Feb 248,7483,190——
Mar 249,1173,8839,1173,883

Source: GAMLS

15. Active to Closed Ratio

1,393 actives, 2.4 for every Mar closing

Townhouse, core Atlanta counties, all construction

Active to Closed Ratio: Townhouse, core Atlanta counties, all construction
MonthActiveClosedActive to Closed RatioActive to Closed Ratio
Mar 23972728——
Apr 23915588——
May 23966682——
Jun 231,057687——
Jul 231,126562——
Aug 231,154607——
Sep 231,267525——
Oct 231,295524——
Nov 231,381434——
Dec 231,203528——
Jan 241,202371——
Feb 241,361473——
Mar 241,3935711,393571

Source: GAMLS

16. Active to Closed Ratio

1,225 actives, 3.3 for every Mar closing

Condo, core Atlanta counties, all construction

Active to Closed Ratio: Condo, core Atlanta counties, all construction
MonthActiveClosedActive to Closed RatioActive to Closed Ratio
Mar 23810394——
Apr 23807394——
May 23756449——
Jun 23801449——
Jul 23820378——
Aug 23879454——
Sep 23974407——
Oct 231,082327——
Nov 231,130288——
Dec 231,035291——
Jan 241,087224——
Feb 241,184327——
Mar 241,2253661,225366

Source: GAMLS

17. Days on Market

Single family at 12 days, up 3 days from a year ago

Pre-owned, core Atlanta counties, by property type

Days on Market: Pre-owned, core Atlanta counties, by property type
MonthDays on MarketDays on MarketDays on Market
Mar 24141211

Source: GAMLS, previously owned

18. Days on Market by County

Douglas highest at 20, Forsyth lowest at 7

Single family, pre-owned, Mar of each year

Source: GAMLS, single family, previously owned

19. Fastest and Slowest-Moving Zips

30005 fastest at 4 days, 30009 slowest at 76

Single family residences, median days on market of Mar closings, FMLS zip cross-section

Fastest and Slowest-Moving Zips: Single family residences, median days on market of Mar closings, FMLS zip cross-section
ZipFastest and Slowest-Moving ZipsFastest and Slowest-Moving ZipsFastest and Slowest-Moving Zips
300020——
300160——
300210——
300710——
300720——
300790——
300920——
301530——
303450——
303460——
303600——
303630——
305170——
305340——
305480——
306200——
30009—76—
30506—72—
30314—67—
30183—63—
30228—62.5—
30260—62—
30179—55—
30350—54—
30075—5—
30319—5—
30327—5—
30341—4.5—
30005—4—
30067—4—
30068—4—
30097—4—
Cherokee——0
Clayton——0
Cobb——0
DeKalb——0
Douglas——0
Fayette——0
Forsyth——0
Fulton——0
Gwinnett——0
Henry——0
Paulding——0
Rockdale——0

Source: FMLS, point-in-time. Zips with fewer than 10 closings shown gray

20. Months of Supply

Single family at 2.0 months, up 0.3 months from a year ago

Pre-owned, core Atlanta counties, by property type

Months of Supply: Pre-owned, core Atlanta counties, by property type
MonthSingle FamilyTownhouseCondoMonths of SupplyMonths of SupplyMonths of Supply
Mar 231.71.21.5———
Apr 231.71.21.5———
May 231.81.31.6———
Jun 231.81.31.7———
Jul 231.81.31.7———
Aug 231.81.41.8———
Sep 231.81.41.8———
Oct 231.81.51.9———
Nov 231.81.52———
Dec 231.91.52.1———
Jan 241.91.62.2———
Feb 241.91.72.3———
Mar 2421.72.52.521.7

Source: GAMLS, previously owned

21. Months of Supply by County

Fulton highest at 2.9, Forsyth lowest at 1.3

Single family, pre-owned, Mar of each year

Months of Supply by County: Single family, pre-owned, Mar of each year
Area202220232024
Fulton1.322.9
Rockdale1.222.8
Clayton11.82.6
Henry0.91.82.6
Douglas1.11.92.5
DeKalb1.11.82.1
Paulding0.81.82
Fayette0.81.41.7
Cherokee0.81.41.6
Gwinnett0.81.61.5
Cobb0.81.31.4
Forsyth0.61.21.3

Source: GAMLS, single family, previously owned

25. Pending Ratio

Single family at 52.4%, down 17.6 pts from a year ago

Pre-owned, core Atlanta counties, by property type

Pending Ratio: Pre-owned, core Atlanta counties, by property type
MonthSingle FamilyTownhouseCondoPending RatioPending RatioPending Ratio
Mar 230.70.810.65———
Apr 230.680.910.58———
May 230.690.90.63———
Jun 230.60.690.55———
Jul 230.560.660.56———
Aug 230.490.610.53———
Sep 230.40.490.35———
Oct 230.390.460.3———
Nov 230.320.350.26———
Dec 230.340.410.23———
Jan 240.440.510.35———
Feb 240.450.490.31———
Mar 240.520.580.370.580.520.37

Source: GAMLS, previously owned

26. Pending Ratio by County

Forsyth highest at 98.4%, Henry lowest at 32.5%

Single family, pre-owned, Mar of each year

Pending Ratio by County: Single family, pre-owned, Mar of each year
Area202220232024
Forsyth1.681.080.98
Cobb1.620.870.76
Cherokee1.410.920.75
Gwinnett1.370.870.67
Fayette1.550.930.59
Paulding1.320.860.53
DeKalb1.150.650.52
Fulton1.010.490.4
Clayton1.340.520.38
Rockdale0.860.480.37
Douglas1.110.70.36
Henry1.270.610.32

Source: GAMLS, single family, previously owned

27. List to Sales Ratio

Single family at 99.1%, down 1.1 pts from a year ago

Pre-owned, core Atlanta counties, by property type

List to Sales Ratio: Pre-owned, core Atlanta counties, by property type
MonthSingle FamilyTownhouseCondoList to Sales RatioList to Sales RatioList to Sales Ratio
Mar 2311.011———
Apr 23111———
May 230.9910.99———
Jun 230.990.990.99———
Jul 230.990.990.99———
Aug 230.990.990.99———
Sep 230.990.990.99———
Oct 230.990.990.99———
Nov 230.990.990.99———
Dec 230.990.990.99———
Jan 240.990.990.99———
Feb 240.990.990.99———
Mar 240.990.990.990.990.990.99

Source: GAMLS, previously owned

28. List to Sales Ratio by County

Cobb highest at 99.6%, Rockdale lowest at 98.2%

Single family, pre-owned, Mar of each year

List to Sales Ratio by County: Single family, pre-owned, Mar of each year
Area202220232024
Cobb1.021.011
Forsyth1.031.011
Cherokee1.0210.99
DeKalb1.0110.99
Gwinnett1.0310.99
Paulding1.0210.99
Fayette1.0110.99
Henry1.0210.99
Douglas1.0110.99
Fulton1.0110.99
Clayton1.0210.98
Rockdale1.010.990.98

Source: GAMLS, single family, previously owned

29. Dollar Volume

Combined at $2.4B, down 3.3% from a year ago

Closed volume, core Atlanta counties, all property types

Dollar Volume: Closed volume, core Atlanta counties, all property types
MonthCombinedPre-OwnedNew ConstructionDollar VolumeDollar VolumeDollar Volume
Mar 23$2.47B$2.09B$382.6M———
Apr 23$2.33B$1.99B$346.6M———
May 23$2.85B$2.46B$392.4M———
Jun 23$2.84B$2.50B$339.7M———
Jul 23$2.39B$2.10B$284.1M———
Aug 23$2.61B$2.29B$314.3M———
Sep 23$2.14B$1.82B$323.8M———
Oct 23$2.04B$1.73B$313.5M———
Nov 23$1.81B$1.54B$271.7M———
Dec 23$1.86B$1.54B$323.6M———
Jan 24$1.42B$1.18B$234.9M———
Feb 24$1.88B$1.57B$312.4M———
Mar 24$2.39B$2.02B$372.6M$2.39B$2.02B$372.6M

Source: GAMLS, monthly closed volume

30. Dollar Volume, Pre-Owned

Single family at $1.7B, down 3.7% from a year ago

Pre-owned, core Atlanta counties, by property type

Dollar Volume, Pre-Owned: Pre-owned, core Atlanta counties, by property type
MonthSingle FamilyTownhouseCondoDollar Volume, Pre-OwnedDollar Volume, Pre-OwnedDollar Volume, Pre-Owned
Mar 23$1.77B$192.4M$125.7M———
Apr 23$1.70B$166.7M$122.2M———
May 23$2.11B$200.0M$144.7M———
Jun 23$2.15B$203.6M$141.2M———
Jul 23$1.81B$169.0M$125.3M———
Aug 23$1.94B$201.4M$149.9M———
Sep 23$1.53B$160.1M$124.9M———
Oct 23$1.47B$156.8M$104.4M———
Nov 23$1.31B$134.4M$97.4M———
Dec 23$1.30B$138.1M$99.2M———
Jan 24$1.00B$107.1M$74.9M———
Feb 24$1.32B$142.1M$100.5M———
Mar 24$1.71B$196.3M$115.8M$1.71B$196.3M$115.8M

Source: GAMLS, previously owned

31. Dollar Volume by County

Fulton highest at $432.1M, Rockdale lowest at $20.8M

Single family, pre-owned, Mar of each year

Dollar Volume by County: Single family, pre-owned, Mar of each year
Area202220232024
Fulton$514.0M$360.3M$432.1M
Gwinnett$392.4M$327.5M$269.8M
Cobb$334.3M$258.8M$231.0M
DeKalb$279.1M$230.8M$215.5M
Cherokee$155.0M$119.4M$140.8M
Forsyth$153.1M$130.6M$131.1M
Paulding$103.8M$77.9M$68.9M
Henry$131.9M$82.2M$67.6M
Clayton$73.8M$58.7M$48.3M
Fayette$59.6M$58.7M$42.8M
Douglas$73.3M$43.8M$40.5M
Rockdale$41.1M$25.7M$20.8M

Source: GAMLS, single family, previously owned

32. Showings vs Actives vs Pendings

Mar showings at 39,281, up 3.9% vs Mar 2023

Mar of each year, all property types

Showings vs Actives vs Pendings: Mar of each year, all property types
AreaShowingsActivesPendingsShowings vs Actives vs PendingsShowings vs Actives vs PendingsShowings vs Actives vs Pendings
202045,36917,2026,047———
202139,2896,7897,882———
202236,2575,8176,914———
202337,8049,1335,676———
202439,28111,7355,46839,28111,7355,468

Source: ShowingTime via GAMLS. Showings = showings per listing x active listings

33. Showings by County

Fulton led with 8,126 Mar showings

Mar of each year, all property types

Showings by County: Mar of each year, all property types
Area202220232024
Fulton6,7496,8518,127
DeKalb4,3355,0485,168
Henry4,3114,8564,775
Gwinnett5,0334,5304,044
Clayton3,5023,2953,643
Cobb3,0032,7912,971
Fayette1,8361,6701,910
Douglas1,4091,2801,610
Rockdale1,3931,3481,412
Paulding1,0851,2731,291
Cherokee760.51,0681,286
Forsyth935.6883.7799.6

Source: ShowingTime via GAMLS. Showings = showings per listing x active listings

34. Showings

3.9 showings per listing, 7.9 to go pending in Mar

Single family, pre-owned, core Atlanta counties

Showings: Single family, pre-owned, core Atlanta counties
MonthShowings to PendingShowings per ListingShowingsShowings
Mar 238.44.6——
Apr 239.24.6——
May 238.44.3——
Jun 237.74——
Jul 237.83.8——
Aug 237.43.5——
Sep 237.22.7——
Oct 237.42.9——
Nov 236.82.4——
Dec 237.52.6——
Jan 247.73.4——
Feb 247.63.6——
Mar 247.93.97.93.9

Source: ShowingTime via GAMLS, previously owned

35. Showings per Listing by County

Fayette highest at 7.6, Cherokee lowest at 2.4

Single family, pre-owned, Mar of each year

Showings per Listing by County: Single family, pre-owned, Mar of each year
Area202220232024
Fayette13.28.57.6
Clayton12.875.6
Henry12.67.85.2
Rockdale9.85.94.8
Douglas6.74.34.2
DeKalb5.34.13.7
Gwinnett6.63.93.3
Cobb4.72.93.1
Fulton4.53.22.9
Forsyth4.53.52.7
Paulding4.33.32.6
Cherokee2.72.32.4

Source: GAMLS, single family, previously owned

36. Showings to Pending by County

Fayette highest at 16.2, Cobb lowest at 4.1

Single family, pre-owned, Mar of each year

Showings to Pending by County: Single family, pre-owned, Mar of each year
Area202220232024
Fayette22.713.616.2
Clayton18.913.413.8
Henry17.315.212.5
Rockdale17.711.210.7
Douglas109.99.9
DeKalb8.57.97.7
Gwinnett8.96.86.7
Fulton7.26.25.5
Paulding5.76.24.5
Cherokee4.13.94.4
Cobb6.354.1
Forsyth64.34.1

Source: GAMLS, single family, previously owned

37. Showings

2.6 showings per listing, 5.2 to go pending in Mar

Townhouse, pre-owned, core Atlanta counties

Showings: Townhouse, pre-owned, core Atlanta counties
MonthShowings to PendingShowings per ListingShowingsShowings
Mar 235.83.7——
Apr 236.33.3——
May 236.33.3——
Jun 235.53.1——
Jul 235.93.1——
Aug 236.22.9——
Sep 234.42——
Oct 234.92.2——
Nov 234.71.9——
Dec 235.31.8——
Jan 245.12.2——
Feb 244.42.4——
Mar 245.22.65.22.6

Source: ShowingTime via GAMLS, previously owned

38. Showings

1.8 showings per listing, 4.1 to go pending in Mar

Condo, pre-owned, core Atlanta counties

Showings: Condo, pre-owned, core Atlanta counties
MonthShowings to PendingShowings per ListingShowingsShowings
Mar 235.13——
Apr 235.22.9——
May 234.62.7——
Jun 235.32.4——
Jul 234.12.4——
Aug 2352.7——
Sep 2351.7——
Oct 234.11.6——
Nov 233.91.6——
Dec 2361.6——
Jan 243.91.8——
Feb 243.91.6——
Mar 244.11.84.11.8

Source: ShowingTime via GAMLS, previously owned

Figures compiled by the Terence Richardson Group from FMLS and GAMLS closed sales. How these numbers are built.