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Atlanta's Housing Market Update

December 2024

35 slides · November 2024 data · FMLS and GAMLS

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Every finding, in text

What the December 2024 data shows

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

1. Mortgage Rates

30-yr fixed at 6.69%, down 0.53 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
Dec 233.88%6.61%——
Jan 243.99%6.69%——
Feb 244.25%6.94%——
Mar 244.2%6.79%——
Apr 244.69%7.17%——
May 244.51%7.03%——
Jun 244.36%6.86%——
Jul 244.09%6.78%——
Aug 243.91%6.35%——
Sep 243.81%6.08%——
Oct 244.28%6.72%——
Nov 244.18%6.81%——
Dec 244.22%6.69%6.69%4.22%

Source: Freddie Mac PMMS and FRED (DGS10)

2. Median Price

Single family at $420K, up 3.7% from a year ago

Core Atlanta counties, by property type

Median Price: Core Atlanta counties, by property type
MonthSingle FamilyTownhouseCondoMedian PriceMedian PriceMedian Price
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———
Apr 24$415,000$365,000$295,000———
May 24$415,900$365,627$295,000———
Jun 24$419,900$369,000$295,000———
Jul 24$420,000$370,000$295,000———
Aug 24$420,000$368,000$296,750———
Sep 24$420,000$370,000$297,000———
Oct 24$420,000$370,000$298,000———
Nov 24$420,000$370,000$298,000$420,000$370,000$298,000

Source: GAMLS, all construction types

3. Median Price, New Construction vs Pre-Owned

New construction at $468K, $58K 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
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——
Apr 24$471,520$402,000——
May 24$469,465$405,000——
Jun 24$467,483$408,000——
Jul 24$468,193$410,000——
Aug 24$468,435$410,000——
Sep 24$468,210$410,000——
Oct 24$466,980$410,000——
Nov 24$468,498$410,000$468,498$410,000

Source: GAMLS, single family

4. Median Price by County

Forsyth highest at $625K, Clayton lowest at $250K

Single family, pre-owned, Nov of each year

Median Price by County: Single family, pre-owned, Nov of each year
Area202220232024
Forsyth$565,000$585,000$625,000
Fulton$465,000$485,000$510,000
Fayette$430,000$470,000$495,000
Cherokee$430,000$450,000$475,000
Cobb$420,000$425,700$450,000
Gwinnett$405,000$404,000$425,000
DeKalb$390,000$374,950$368,000
Paulding$349,750$335,900$350,000
Henry$336,050$325,000$328,250
Douglas$312,000$309,000$310,000
Rockdale$308,050$290,000$300,000
Clayton$250,000$250,000$250,000

Source: GAMLS, single family, previously owned

5. Where Prices Are Rising and Cooling

Johns Creek hottest at +15.5%, Fairburn coolest at -1.9%

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

Where Prices Are Rising and Cooling: Single family, median price year over year by city, Nov 2024, all construction
ZipWhere Prices Are Rising and CoolingWhere Prices Are Rising and Cooling
Johns Creek0.2—
Mableton0.1—
Duluth0.1—
Milton0.1—
Waleska0.1—
Alpharetta0.1—
Smyrna0.1—
Buford0.1—
Ball Ground0—
Decatur0—
Stockbridge-0—
Riverdale-0—
Hampton-0—
Loganville-0—
Forest Park-0—
Fairburn-0—
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

Nov at 6,290, up 7.2% vs Nov 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—
Mar8,2347,1677,904—
Apr8,1726,5238,794—
May9,0047,3899,371—
Jun10,5617,9678,911—
Jul9,2167,1198,413—
Aug8,5327,3508,814—
Sep7,9496,9027,821—
Oct6,9066,9568,312—
Nov5,4105,8666,2906,290
Dec4,2584,090——

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

7. New Listings by County

Fulton highest at 827, Rockdale lowest at 77

Single family, pre-owned, Nov of each year

New Listings by County: Single family, pre-owned, Nov of each year
Area202220232024
Fulton717783827
Gwinnett614581705
DeKalb485566642
Cobb506492533
Henry319276362
Cherokee234282267
Clayton270262250
Paulding224227207
Forsyth154177181
Douglas165151169
Fayette115122123
Rockdale949277

Source: GAMLS, single family, previously owned

8. Active Listings

Nov at 16,844, up 39.9% vs Nov 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—
Mar5,8179,13311,735—
Apr6,5698,85712,818—
May7,4919,04114,465—
Jun10,2259,93115,560—
Jul11,92810,16415,973—
Aug12,25110,60316,789—
Sep13,13511,34217,037—
Oct13,25511,87217,450—
Nov12,67812,04316,84416,844
Dec11,03010,532——

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

9. Active Listings by County

Fulton highest at 2,327, Fayette lowest at 281

Single family, pre-owned, Nov of each year

Active Listings by County: Single family, pre-owned, Nov of each year
Area202220232024
Fulton1,6731,7092,327
Gwinnett1,5581,0381,578
DeKalb1,1311,0771,557
Cobb1,0237901,155
Henry646629988
Clayton502539700
Cherokee496417627
Paulding547428577
Douglas366334461
Forsyth350283437
Rockdale224228291
Fayette228225281

Source: GAMLS, single family, previously owned

10. Pending Listings

Nov at 3,936, up 12.7% vs Nov 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—
Mar6,9145,6765,468—
Apr6,5315,3305,452—
May6,9695,4885,221—
Jun6,2415,2485,129—
Jul5,6775,0554,799—
Aug5,9634,8374,629—
Sep4,7544,1184,267—
Oct4,2404,0794,459—
Nov3,6733,4933,9363,936
Dec3,2623,177——

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

11. Pending Listings by County

Gwinnett highest at 511, Rockdale lowest at 46

Single family, pre-owned, Nov of each year

Pending Listings by County: Single family, pre-owned, Nov of each year
Area202220232024
Gwinnett497437511
Fulton401413501
DeKalb334333432
Cobb396348405
Cherokee190192198
Henry212125168
Forsyth113115161
Clayton150140150
Paulding138133149
Fayette977487
Douglas1119281
Rockdale526146

Source: GAMLS, single family, previously owned

12. Closed Listings

Nov at 4,001, up 4.2% vs Nov 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—
Mar6,8205,5424,820—
Apr6,5205,0005,234—
May6,9815,7645,713—
Jun7,0505,6994,979—
Jul6,0664,9395,306—
Aug6,2225,3544,875—
Sep5,6884,5134,313—
Oct4,8164,2564,571—
Nov4,2483,8414,0014,001
Dec4,2713,961——

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

13. Closed Listings by County

Gwinnett highest at 511, Rockdale lowest at 43

Single family, pre-owned, Nov of each year

Closed Listings by County: Single family, pre-owned, Nov of each year
Area202220232024
Gwinnett550482511
Fulton476441486
DeKalb360380460
Cobb473372430
Cherokee216199200
Henry242174188
Clayton168161149
Forsyth136148149
Paulding133124122
Fayette1039094
Douglas11210686
Rockdale757443

Source: GAMLS, single family, previously owned

14. Active to Closed Ratio

12,998 actives, 4.0 for every Nov 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
Nov 239,5323,119——
Dec 238,2943,142——
Jan 248,2562,526——
Feb 248,7483,190——
Mar 249,1173,883——
Apr 249,9834,228——
May 2411,3054,653——
Jun 2412,1764,076——
Jul 2412,5014,345——
Aug 2413,1733,893——
Sep 2413,1583,555——
Oct 2413,4863,760——
Nov 2412,9983,25212,9983,252

Source: GAMLS

15. Active to Closed Ratio

2,122 actives, 4.4 for every Nov closing

Townhouse, core Atlanta counties, all construction

Active to Closed Ratio: Townhouse, core Atlanta counties, all construction
MonthActiveClosedActive to Closed RatioActive to Closed Ratio
Nov 231,381434——
Dec 231,203528——
Jan 241,202371——
Feb 241,361473——
Mar 241,393571——
Apr 241,519602——
May 241,707649——
Jun 241,866542——
Jul 241,896610——
Aug 241,982595——
Sep 242,188488——
Oct 242,220501——
Nov 242,1224842,122484

Source: GAMLS

16. Active to Closed Ratio

1,724 actives, 6.5 for every Nov closing

Condo, core Atlanta counties, all construction

Active to Closed Ratio: Condo, core Atlanta counties, all construction
MonthActiveClosedActive to Closed RatioActive to Closed Ratio
Nov 231,130288——
Dec 231,035291——
Jan 241,087224——
Feb 241,184327——
Mar 241,225366——
Apr 241,316404——
May 241,453411——
Jun 241,518361——
Jul 241,576351——
Aug 241,634387——
Sep 241,691270——
Oct 241,744310——
Nov 241,7242651,724265

Source: GAMLS

17. Days on Market

Single family at 18 days, up 6 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
Nov 24262018

Source: GAMLS, previously owned

18. Days on Market by County

Douglas highest at 28, Cobb lowest at 14

Single family, pre-owned, Nov of each year

Source: GAMLS, single family, previously owned

19. Fastest and Slowest-Moving Zips

30068 fastest at 6 days, 30338 slowest at 96

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

Fastest and Slowest-Moving Zips: Single family residences, median days on market of Nov closings, FMLS zip cross-section
ZipFastest and Slowest-Moving ZipsFastest and Slowest-Moving ZipsFastest and Slowest-Moving Zips
300020——
300110——
300160——
300210——
300710——
300720——
300760——
300790——
303540——
303600——
303630——
305060——
305170——
305340——
305480——
306200——
30338—95.5—
30009—84—
30310—83—
30012—73—
30157—63.5—
30017—63—
30252—60.5—
30294—60—
30306—13—
30062—12.5—
30044—12—
30093—11—
30345—11—
30518—11—
30030—9—
30068—6.5—
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 2.8 months, up 1.0 month 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
Nov 231.81.52———
Dec 231.91.52.1———
Jan 241.91.62.2———
Feb 241.91.72.3———
Mar 2421.72.5———
Apr 242.11.82.6———
May 242.222.8———
Jun 242.32.13———
Jul 242.42.23.2———
Aug 242.52.43.4———
Sep 242.62.53.6———
Oct 242.72.73.8———
Nov 242.82.8442.82.8

Source: GAMLS, previously owned

21. Months of Supply by County

Henry highest at 4.0, Cobb lowest at 2.0

Single family, pre-owned, Nov of each year

Months of Supply by County: Single family, pre-owned, Nov of each year
Area202220232024
Henry1.42.24
Fulton1.62.63.7
Rockdale1.72.53.6
Clayton1.42.33.4
Douglas1.62.23.4
DeKalb1.523
Paulding1.51.93
Fayette1.21.52.4
Cherokee1.31.42.2
Gwinnett1.41.52.2
Cobb1.21.32
Forsyth1.11.22

Source: GAMLS, single family, previously owned

25. Pending Ratio

Single family at 26.3%, down 5.7 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
Nov 230.320.350.26———
Dec 230.340.410.23———
Jan 240.440.510.35———
Feb 240.450.490.31———
Mar 240.520.580.37———
Apr 240.480.490.3———
May 240.410.380.27———
Jun 240.360.380.24———
Jul 240.330.340.23———
Aug 240.30.280.21———
Sep 240.280.220.18———
Oct 240.290.240.17———
Nov 240.260.210.140.260.210.14

Source: GAMLS, previously owned

26. Pending Ratio by County

Forsyth highest at 36.8%, Rockdale lowest at 15.8%

Single family, pre-owned, Nov of each year

Pending Ratio by County: Single family, pre-owned, Nov of each year
Area202220232024
Forsyth0.320.410.37
Cobb0.390.440.35
Gwinnett0.320.420.32
Cherokee0.380.460.32
Fayette0.430.330.31
DeKalb0.30.310.28
Paulding0.250.310.26
Fulton0.240.240.22
Clayton0.30.260.21
Douglas0.30.280.18
Henry0.330.20.17
Rockdale0.230.270.16

Source: GAMLS, single family, previously owned

27. List to Sales Ratio

Single family at 98.6%, down 0.4 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
Nov 230.990.990.99———
Dec 230.990.990.99———
Jan 240.990.990.99———
Feb 240.990.990.99———
Mar 240.990.990.99———
Apr 240.990.990.99———
May 240.990.990.99———
Jun 240.990.990.98———
Jul 240.990.990.98———
Aug 240.990.990.98———
Sep 240.990.990.98———
Oct 240.990.990.98———
Nov 240.990.990.980.990.990.98

Source: GAMLS, previously owned

28. List to Sales Ratio by County

Cobb highest at 99.0%, Rockdale lowest at 97.8%

Single family, pre-owned, Nov of each year

List to Sales Ratio by County: Single family, pre-owned, Nov of each year
Area202220232024
Cobb1.010.990.99
Forsyth1.020.990.99
Gwinnett1.020.990.99
Cherokee1.010.990.99
DeKalb1.010.990.99
Paulding1.010.990.99
Henry1.010.990.99
Fayette1.010.990.98
Douglas10.990.98
Fulton1.010.990.98
Clayton1.010.980.98
Rockdale10.980.98

Source: GAMLS, single family, previously owned

29. Dollar Volume

Combined at $2.0B, up 8.3% 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
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———
Apr 24$2.62B$2.28B$336.5M———
May 24$2.90B$2.55B$353.0M———
Jun 24$2.63B$2.31B$317.1M———
Jul 24$2.70B$2.40B$306.6M———
Aug 24$2.38B$2.08B$295.5M———
Sep 24$2.14B$1.82B$321.1M———
Oct 24$2.23B$1.94B$287.3M———
Nov 24$1.96B$1.68B$281.7M$1.96B$1.68B$281.7M

Source: GAMLS, monthly closed volume

30. Dollar Volume, Pre-Owned

Single family at $1.5B, up 11.1% 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
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———
Apr 24$1.95B$191.7M$141.9M———
May 24$2.20B$219.1M$129.9M———
Jun 24$2.02B$178.7M$118.4M———
Jul 24$2.08B$200.1M$116.0M———
Aug 24$1.78B$180.6M$120.3M———
Sep 24$1.59B$146.0M$86.4M———
Oct 24$1.68B$150.7M$108.7M———
Nov 24$1.45B$139.9M$87.3M$1.45B$139.9M$87.3M

Source: GAMLS, previously owned

31. Dollar Volume by County

Fulton highest at $320.3M, Rockdale lowest at $14.6M

Single family, pre-owned, Nov of each year

Dollar Volume by County: Single family, pre-owned, Nov of each year
Area202220232024
Fulton$268.0M$262.2M$320.3M
Gwinnett$229.5M$217.3M$240.2M
Cobb$220.6M$182.9M$217.4M
DeKalb$160.6M$172.1M$206.9M
Cherokee$96.3M$114.0M$112.9M
Forsyth$83.8M$99.9M$107.6M
Henry$85.3M$65.6M$66.6M
Fayette$50.4M$45.5M$51.6M
Paulding$46.3M$45.4M$47.9M
Clayton$40.5M$40.3M$36.3M
Douglas$33.7M$37.0M$30.1M
Rockdale$24.0M$25.0M$14.6M

Source: GAMLS, single family, previously owned

32. Showings vs Actives vs Pendings

Nov showings at 37,150, up 42.3% vs Nov 2023

Nov of each year, all property types

Showings vs Actives vs Pendings: Nov of each year, all property types
AreaShowingsActivesPendingsShowings vs Actives vs PendingsShowings vs Actives vs PendingsShowings vs Actives vs Pendings
202040,78810,2306,277———
202133,7777,4415,831———
202231,64712,6783,673———
202326,10412,0433,493———
202437,15016,8443,93637,15016,8443,936

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

33. Showings by County

Fulton led with 8,079 Nov showings

Nov of each year, all property types

Showings by County: Nov of each year, all property types
Area202220232024
Fulton5,4975,4768,079
DeKalb3,7193,4285,380
Gwinnett4,4112,7944,697
Henry3,5342,6994,140
Clayton2,4822,1162,957
Cobb2,3202,1842,926
Fayette1,6921,2521,433
Douglas1,179926.31,335
Cherokee1,1631,2061,218
Paulding1,188808.51,033
Forsyth901.1632.7968.4
Rockdale943.4963898.7

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

34. Showings

2.6 showings per listing, 8.4 to go pending in Nov

Single family, pre-owned, core Atlanta counties

Showings: Single family, pre-owned, core Atlanta counties
MonthShowings to PendingShowings per ListingShowingsShowings
Nov 236.82.4——
Dec 237.52.6——
Jan 247.73.4——
Feb 247.63.6——
Mar 247.93.9——
Apr 247.73.5——
May 2473——
Jun 246.72.8——
Jul 247.12.9——
Aug 247.32.7——
Sep 247.12.6——
Oct 247.52.7——
Nov 248.42.68.42.6

Source: ShowingTime via GAMLS, previously owned

35. Showings per Listing by County

Fayette highest at 4.0, Cherokee lowest at 1.4

Single family, pre-owned, Nov of each year

Showings per Listing by County: Single family, pre-owned, Nov of each year
Area202220232024
Fayette64.74
Clayton4.13.43.9
Henry4.23.33.2
DeKalb2.22.12.8
Douglas2.82.22.4
Fulton21.72.4
Rockdale3.53.42.3
Gwinnett2.322.2
Cobb1.81.81.8
Forsyth21.81.6
Paulding1.71.41.5
Cherokee1.62.21.4

Source: GAMLS, single family, previously owned

36. Showings to Pending by County

Clayton highest at 17.0, Forsyth lowest at 3.6

Single family, pre-owned, Nov of each year

Showings to Pending by County: Single family, pre-owned, Nov of each year
Area202220232024
Clayton12.211.617
Henry1012.213.6
Rockdale6.99.313.3
Douglas6.75.313.1
Fayette13.511.410.5
DeKalb6.75.68
Fulton65.58
Gwinnett5.25.26.5
Cobb4.64.35.1
Cherokee3.95.95
Paulding55.74.2
Forsyth4.45.83.6

Source: GAMLS, single family, previously owned

37. Showings

1.4 showings per listing, 3.7 to go pending in Nov

Townhouse, pre-owned, core Atlanta counties

Showings: Townhouse, pre-owned, core Atlanta counties
MonthShowings to PendingShowings per ListingShowingsShowings
Nov 234.71.9——
Dec 235.31.8——
Jan 245.12.2——
Feb 244.42.4——
Mar 245.22.6——
Apr 244.72.3——
May 245.42.1——
Jun 244.21.8——
Jul 244.31.8——
Aug 243.91.7——
Sep 243.91.4——
Oct 244.51.5——
Nov 243.71.43.71.4

Source: ShowingTime via GAMLS, previously owned

38. Showings

1.1 showings per listing, 3.4 to go pending in Nov

Condo, pre-owned, core Atlanta counties

Showings: Condo, pre-owned, core Atlanta counties
MonthShowings to PendingShowings per ListingShowingsShowings
Nov 233.91.6——
Dec 2361.6——
Jan 243.91.8——
Feb 243.91.6——
Mar 244.11.8——
Apr 244.21.8——
May 244.51.7——
Jun 244.21.4——
Jul 244.11.3——
Aug 244.11.4——
Sep 244.41.2——
Oct 243.61.3——
Nov 243.41.13.41.1

Source: ShowingTime via GAMLS, previously owned

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