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Atlanta's Housing Market Update

February 2024

35 slides · January 2024 data · FMLS and GAMLS

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Every finding, in text

What the February 2024 data shows

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

1. Mortgage Rates

30-yr fixed at 6.64%, up 0.55 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
Feb 233.92%6.5%——
Mar 233.48%6.32%——
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 244.17%6.64%6.64%4.17%

Source: Freddie Mac PMMS and FRED (DGS10)

2. Median Price

Single family at $408K, up 0.7% from a year ago

Core Atlanta counties, by property type

Median Price: Core Atlanta counties, by property type
MonthSingle FamilyTownhouseCondoMedian PriceMedian PriceMedian Price
Jan 23$405,000$335,000$279,000———
Feb 23$405,000$335,000$279,750———
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$408,000$359,000$289,500

Source: GAMLS, all construction types

3. Median Price, New Construction vs Pre-Owned

New construction at $468K, $69K 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
Jan 23$462,290$398,640——
Feb 23$465,000$399,000——
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$468,435$399,000

Source: GAMLS, single family

4. Median Price by County

Forsyth highest at $599K, Clayton lowest at $250K

Single family, pre-owned, Jan of each year

Median Price by County: Single family, pre-owned, Jan of each year
Area202220232024
Forsyth$475,000$571,500$599,000
Fulton$440,000$475,000$492,000
Fayette$392,000$435,000$475,000
Cherokee$380,000$435,000$450,000
Cobb$380,000$420,000$430,000
Gwinnett$354,000$407,000$407,000
DeKalb$351,700$389,900$374,900
Paulding$300,000$350,000$340,000
Henry$285,000$339,000$328,750
Douglas$274,000$313,000$306,450
Rockdale$263,750$309,000$295,000
Clayton$207,000$252,000$250,000

Source: GAMLS, single family, previously owned

5. Where Prices Are Rising and Cooling

Auburn hottest at +16.6%, Atlanta coolest at -5.4%

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

Where Prices Are Rising and Cooling: Single family, median price year over year by city, Jan 2024, all construction
ZipWhere Prices Are Rising and CoolingWhere Prices Are Rising and Cooling
Auburn0.2—
Forest Park0.1—
Alpharetta0.1—
Peachtree City0.1—
Ball Ground0.1—
Canton0.1—
Roswell0.1—
Duluth0.1—
Grayson-0—
Snellville-0—
Conyers-0—
Jonesboro-0—
Decatur-0—
Hiram-0—
Lithonia-0—
Atlanta-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

Jan at 6,564, up 11.9% vs Jan 2023

Core Atlanta counties, all property types, by month

New Listings: Core Atlanta counties, all property types, by month
Area202220232024New Listings
Jan6,1065,8676,5646,564
Feb6,4995,622——
Mar8,2347,167——
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 877, Rockdale lowest at 102

Single family, pre-owned, Jan of each year

New Listings by County: Single family, pre-owned, Jan of each year
Area202220232024
Fulton798725877
Gwinnett738615685
DeKalb541513609
Cobb633510522
Henry318308349
Clayton287250296
Cherokee294215249
Paulding205192237
Forsyth194175191
Douglas185156143
Fayette12699107
Rockdale12594102

Source: GAMLS, single family, previously owned

8. Active Listings

Jan at 10,545, up 4.1% vs Jan 2023

Core Atlanta counties, all property types, by month

Active Listings: Core Atlanta counties, all property types, by month
Area202220232024Active Listings
Jan5,97910,12710,54510,545
Feb5,4559,297——
Mar5,8179,133——
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 1,493, Fayette lowest at 167

Single family, pre-owned, Jan of each year

Active Listings by County: Single family, pre-owned, Jan of each year
Area202220232024
Fulton8561,2941,493
DeKalb547897955
Gwinnett6431,031865
Cobb518718643
Henry283530612
Clayton234450506
Paulding216417372
Cherokee242320328
Douglas219306272
Rockdale134188208
Forsyth125201192
Fayette108141167

Source: GAMLS, single family, previously owned

10. Pending Listings

Jan at 4,292, down 5.3% vs Jan 2023

Core Atlanta counties, all property types, by month

Pending Listings: Core Atlanta counties, all property types, by month
Area202220232024Pending Listings
Jan5,6274,5314,2924,292
Feb6,0214,788——
Mar6,9145,676——
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

Gwinnett highest at 518, Rockdale lowest at 51

Single family, pre-owned, Jan of each year

Pending Listings by County: Single family, pre-owned, Jan of each year
Area202220232024
Gwinnett678630518
Fulton676458486
Cobb593488421
DeKalb520412383
Cherokee271204205
Henry289197180
Forsyth189171165
Clayton220169162
Paulding187164146
Douglas15597128
Fayette13210081
Rockdale987351

Source: GAMLS, single family, previously owned

12. Closed Listings

Jan at 3,121, up 2.5% vs Jan 2023

Core Atlanta counties, all property types, by month

Closed Listings: Core Atlanta counties, all property types, by month
Area202220232024Closed Listings
Jan4,4823,0463,1213,121
Feb5,2904,102——
Mar6,8205,542——
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

Gwinnett highest at 412, Rockdale lowest at 53

Single family, pre-owned, Jan of each year

Closed Listings by County: Single family, pre-owned, Jan of each year
Area202220232024
Gwinnett573413412
Fulton539297350
Cobb475311294
DeKalb400277294
Cherokee219143138
Clayton187111137
Henry222155131
Paulding144122115
Forsyth180104111
Douglas1326984
Fayette1037576
Rockdale794653

Source: GAMLS, single family, previously owned

14. Active to Closed Ratio

8,256 actives, 3.3 for every Jan 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
Jan 238,2372,411——
Feb 237,5033,299——
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 248,2562,5268,2562,526

Source: GAMLS

15. Active to Closed Ratio

1,202 actives, 3.2 for every Jan closing

Townhouse, core Atlanta counties, all construction

Active to Closed Ratio: Townhouse, core Atlanta counties, all construction
MonthActiveClosedActive to Closed RatioActive to Closed Ratio
Jan 231,119378——
Feb 23991477——
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 241,2023711,202371

Source: GAMLS

16. Active to Closed Ratio

1,087 actives, 4.9 for every Jan closing

Condo, core Atlanta counties, all construction

Active to Closed Ratio: Condo, core Atlanta counties, all construction
MonthActiveClosedActive to Closed RatioActive to Closed Ratio
Jan 23771257——
Feb 23803326——
Mar 23810394——
Apr 23807394——
May 23756449——
Jun 23801449——
Jul 23820378——
Aug 23879454——
Sep 23974407——
Oct 231,082327——
Nov 231,130288——
Dec 231,035291——
Jan 241,0872241,087224

Source: GAMLS

17. Days on Market

Single family at 12 days, up 4 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
Jan 24131211

Source: GAMLS, previously owned

18. Days on Market by County

Douglas highest at 19, Fayette lowest at 8

Single family, pre-owned, Jan of each year

Source: GAMLS, single family, previously owned

19. Fastest and Slowest-Moving Zips

30005 fastest at 4 days, 30012 slowest at 90

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

Fastest and Slowest-Moving Zips: Single family residences, median days on market of Jan closings, FMLS zip cross-section
ZipFastest and Slowest-Moving ZipsFastest and Slowest-Moving ZipsFastest and Slowest-Moving Zips
300020——
300090——
300110——
300130——
300160——
300210——
300300——
300600——
303500——
303540——
303600——
303630——
305170——
305340——
305480——
306200——
30012—89.5—
30214—78—
30311—77—
30248—75—
30253—70—
30310—69—
30344—68—
30078—62—
30189—12—
30076—11—
30188—11—
30066—9—
30518—9—
30022—8—
30005—4—
30338—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 1.9 months, up 0.4 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
Jan 231.51.11.3———
Feb 231.61.11.4———
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 241.91.62.22.21.91.6

Source: GAMLS, previously owned

21. Months of Supply by County

Fulton highest at 2.7, Forsyth lowest at 1.2

Single family, pre-owned, Jan of each year

Months of Supply by County: Single family, pre-owned, Jan of each year
Area202220232024
Fulton1.31.82.7
Rockdale1.11.82.6
Clayton11.62.4
Douglas1.11.72.3
Henry0.91.62.3
DeKalb1.11.62
Paulding0.81.71.9
Fayette0.81.31.6
Cherokee0.81.41.5
Gwinnett0.81.51.5
Cobb0.81.31.3
Forsyth0.61.11.2

Source: GAMLS, single family, previously owned

25. Pending Ratio

Single family at 44.2%, down 4.5 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
Jan 230.490.630.54———
Feb 230.570.830.46———
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 240.440.510.350.510.440.35

Source: GAMLS, previously owned

26. Pending Ratio by County

Forsyth highest at 85.9%, Rockdale lowest at 24.5%

Single family, pre-owned, Jan of each year

Pending Ratio by County: Single family, pre-owned, Jan of each year
Area202220232024
Forsyth1.510.850.86
Cobb1.140.680.65
Cherokee1.120.640.63
Gwinnett1.050.610.6
Fayette1.220.710.49
Douglas0.710.320.47
DeKalb0.950.460.4
Paulding0.870.390.39
Fulton0.790.350.33
Clayton0.940.380.32
Henry1.020.370.29
Rockdale0.730.390.25

Source: GAMLS, single family, previously owned

27. List to Sales Ratio

Single family at 99.0%, down 1.8 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
Jan 231.011.011.01———
Feb 231.011.011.01———
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 240.990.990.990.990.990.99

Source: GAMLS, previously owned

28. List to Sales Ratio by County

Cobb highest at 99.5%, Rockdale lowest at 98.2%

Single family, pre-owned, Jan of each year

List to Sales Ratio by County: Single family, pre-owned, Jan of each year
Area202220232024
Cobb1.021.011
Forsyth1.021.020.99
Cherokee1.021.010.99
Gwinnett1.021.010.99
DeKalb1.011.010.99
Fayette110.99
Paulding1.0210.99
Henry1.0110.99
Douglas1.0110.99
Fulton1.011.010.99
Clayton1.021.010.98
Rockdale1.0110.98

Source: GAMLS, single family, previously owned

29. Dollar Volume

Combined at $1.4B, up 11.8% 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
Jan 23$1.27B$1.06B$209.5M———
Feb 23$1.76B$1.48B$281.6M———
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$1.42B$1.18B$234.9M

Source: GAMLS, monthly closed volume

30. Dollar Volume, Pre-Owned

Single family at $1.0B, up 13.0% 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
Jan 23$887.1M$94.1M$78.8M———
Feb 23$1.26B$126.0M$96.3M———
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$1.00B$107.1M$74.9M

Source: GAMLS, previously owned

31. Dollar Volume by County

Fulton highest at $210.2M, Rockdale lowest at $19.2M

Single family, pre-owned, Jan of each year

Dollar Volume by County: Single family, pre-owned, Jan of each year
Area202220232024
Fulton$294.5M$160.2M$210.2M
Gwinnett$246.9M$172.3M$179.0M
Cobb$209.8M$133.1M$141.6M
DeKalb$173.4M$111.0M$119.0M
Forsyth$95.4M$52.5M$70.8M
Cherokee$99.1M$66.9M$67.6M
Henry$73.3M$50.5M$47.6M
Paulding$48.4M$40.9M$43.4M
Fayette$46.4M$37.6M$40.6M
Clayton$45.3M$26.0M$34.9M
Douglas$45.7M$20.9M$28.7M
Rockdale$25.4M$15.1M$19.2M

Source: GAMLS, single family, previously owned

32. Showings vs Actives vs Pendings

Jan showings at 30,671, down 12.9% vs Jan 2023

Jan of each year, all property types

Showings vs Actives vs Pendings: Jan of each year, all property types
AreaShowingsActivesPendingsShowings vs Actives vs PendingsShowings vs Actives vs PendingsShowings vs Actives vs Pendings
202042,51516,3735,919———
202138,0207,6886,392———
202235,8325,9795,627———
202335,20210,1274,531———
202430,67110,5454,29230,67110,5454,292

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

33. Showings by County

Fulton led with 6,522 Jan showings

Jan of each year, all property types

Showings by County: Jan of each year, all property types
Area202220232024
Fulton6,5246,0546,522
DeKalb4,5044,1554,536
Henry3,6994,4963,682
Gwinnett4,4084,7103,678
Clayton3,5762,9592,597
Cobb3,3423,0332,060
Fayette1,6051,3171,461
Cherokee1,1611,0231,117
Rockdale1,2411,0781,109
Douglas1,6391,4431,079
Paulding9911,580948.6
Forsyth898.8721.4583.5

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

34. Showings

3.4 showings per listing, 7.7 to go pending in Jan

Single family, pre-owned, core Atlanta counties

Showings: Single family, pre-owned, core Atlanta counties
MonthShowings to PendingShowings per ListingShowingsShowings
Jan 2383.9——
Feb 238.24.2——
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 247.73.47.73.4

Source: ShowingTime via GAMLS, previously owned

35. Showings per Listing by County

Fayette highest at 6.6, Paulding lowest at 2.0

Single family, pre-owned, Jan of each year

Showings per Listing by County: Single family, pre-owned, Jan of each year
Area202220232024
Fayette11.86.96.6
Henry10.56.34.5
Clayton125.64.4
Rockdale8.94.74.1
DeKalb5.83.23.4
Douglas6.93.93.2
Gwinnett5.63.43.2
Fulton4.72.72.7
Cherokee3.32.12.4
Forsyth5.82.32.3
Cobb4.932.2
Paulding42.62

Source: GAMLS, single family, previously owned

36. Showings to Pending by County

Fayette highest at 14.2, Cherokee lowest at 3.8

Single family, pre-owned, Jan of each year

Showings to Pending by County: Single family, pre-owned, Jan of each year
Area202220232024
Fayette20.514.514.2
Clayton19.912.112.8
Henry17.814.311.6
Rockdale16.510.110.6
Douglas11.38.97.4
Cobb75.17
DeKalb8.36.96.7
Gwinnett8.36.86.2
Fulton7.966.1
Paulding5.555.9
Forsyth7.64.64.3
Cherokee4.83.53.8

Source: GAMLS, single family, previously owned

37. Showings

2.2 showings per listing, 5.1 to go pending in Jan

Townhouse, pre-owned, core Atlanta counties

Showings: Townhouse, pre-owned, core Atlanta counties
MonthShowings to PendingShowings per ListingShowingsShowings
Jan 234.82.9——
Feb 235.73——
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 245.12.25.12.2

Source: ShowingTime via GAMLS, previously owned

38. Showings

1.8 showings per listing, 3.9 to go pending in Jan

Condo, pre-owned, core Atlanta counties

Showings: Condo, pre-owned, core Atlanta counties
MonthShowings to PendingShowings per ListingShowingsShowings
Jan 234.12.5——
Feb 234.52.4——
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 243.91.83.91.8

Source: ShowingTime via GAMLS, previously owned

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