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Atlanta's Housing Market Update

February 2025

35 slides · January 2025 data · FMLS and GAMLS

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Every finding, in text

What the February 2025 data shows

The same 35 findings as the deck above, written out with the numbers behind them. January 2025 data, from our own FMLS and GAMLS closed-sales archive.

1. Mortgage Rates

30-yr fixed at 6.89%, up 0.26 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 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 244.58%6.85%——
Jan 254.58%6.95%——
Feb 254.51%6.89%6.89%4.51%

Source: Freddie Mac PMMS and FRED (DGS10)

2. Median Price

Single family at $420K, up 2.9% from a year ago

Core Atlanta counties, by property type

Median Price: Core Atlanta counties, by property type
MonthSingle FamilyTownhouseCondoMedian PriceMedian PriceMedian Price
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———
Dec 24$420,000$375,000$299,000———
Jan 25$420,000$375,000$297,500$420,000$375,000$297,500

Source: GAMLS, all construction types

3. Median Price, New Construction vs Pre-Owned

New construction at $466K, $54K 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 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——
Dec 24$466,240$411,000——
Jan 25$466,305$412,000$466,305$412,000

Source: GAMLS, single family

4. Median Price by County

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

Single family, pre-owned, Jan of each year

Median Price by County: Single family, pre-owned, Jan of each year
Area202320242025
Forsyth$571,500$599,000$625,000
Fulton$475,000$492,000$505,000
Fayette$435,000$475,000$495,000
Cherokee$435,000$450,000$480,000
Cobb$420,000$430,000$453,000
Gwinnett$407,000$407,000$428,700
DeKalb$389,900$374,900$366,000
Paulding$350,000$340,000$349,900
Henry$339,000$328,750$326,000
Douglas$313,000$306,450$310,000
Rockdale$309,000$295,000$299,950
Clayton$252,000$250,000$249,900

Source: GAMLS, single family, previously owned

5. Where Prices Are Rising and Cooling

Duluth hottest at +12.1%, Forest Park coolest at -5.4%

Single family, median price year over year by city, Jan 2025, all construction

Where Prices Are Rising and Cooling: Single family, median price year over year by city, Jan 2025, all construction
ZipWhere Prices Are Rising and CoolingWhere Prices Are Rising and Cooling
Duluth0.1—
Mableton0.1—
Suwanee0.1—
Johns Creek0.1—
Buford0.1—
Norcross0.1—
Roswell0.1—
Smyrna0.1—
Stockbridge-0—
McDonough-0—
Hampton-0—
Decatur-0—
Riverdale-0—
Fairburn-0—
East Point-0.1—
Forest Park-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 7,824, up 19.2% vs Jan 2024

Core Atlanta counties, all property types, by month

New Listings: Core Atlanta counties, all property types, by month
Area202320242025New Listings
Jan5,8676,5647,8247,824
Feb5,6227,274——
Mar7,1677,904——
Apr6,5238,794——
May7,3899,371——
Jun7,9678,911——
Jul7,1198,413——
Aug7,3508,814——
Sep6,9027,821——
Oct6,9568,312——
Nov5,8666,290——
Dec4,0905,169——

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

7. New Listings by County

Fulton highest at 1,053, Rockdale lowest at 108

Single family, pre-owned, Jan of each year

New Listings by County: Single family, pre-owned, Jan of each year
Area202320242025
Fulton7258771,053
DeKalb513609756
Gwinnett615685754
Cobb510522659
Henry308349436
Clayton250296303
Cherokee215249295
Paulding192237221
Forsyth175191219
Douglas156143185
Fayette99107127
Rockdale94102108

Source: GAMLS, single family, previously owned

8. Active Listings

Jan at 15,862, up 50.4% vs Jan 2024

Core Atlanta counties, all property types, by month

Active Listings: Core Atlanta counties, all property types, by month
Area202320242025Active Listings
Jan10,12710,54515,86215,862
Feb9,29711,293——
Mar9,13311,735——
Apr8,85712,818——
May9,04114,465——
Jun9,93115,560——
Jul10,16415,973——
Aug10,60316,789——
Sep11,34217,037——
Oct11,87217,450——
Nov12,04316,844——
Dec10,53214,835——

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

9. Active Listings by County

Fulton highest at 2,190, Rockdale lowest at 247

Single family, pre-owned, Jan of each year

Active Listings by County: Single family, pre-owned, Jan of each year
Area202320242025
Fulton1,2941,4932,190
DeKalb8979551,591
Gwinnett1,0318651,417
Cobb7186431,048
Henry530612924
Clayton450506667
Cherokee320328527
Paulding417372527
Douglas306272453
Forsyth201192368
Fayette141167249
Rockdale188208247

Source: GAMLS, single family, previously owned

10. Pending Listings

Jan at 3,826, down 10.9% vs Jan 2024

Core Atlanta counties, all property types, by month

Pending Listings: Core Atlanta counties, all property types, by month
Area202320242025Pending Listings
Jan4,5314,2923,8263,826
Feb4,7884,643——
Mar5,6765,468——
Apr5,3305,452——
May5,4885,221——
Jun5,2485,129——
Jul5,0554,799——
Aug4,8374,629——
Sep4,1184,267——
Oct4,0794,459——
Nov3,4933,936——
Dec3,1773,256——

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

11. Pending Listings by County

Fulton highest at 477, Rockdale lowest at 59

Single family, pre-owned, Jan of each year

Pending Listings by County: Single family, pre-owned, Jan of each year
Area202320242025
Fulton458486477
Gwinnett630518456
Cobb488421408
DeKalb412383393
Cherokee204205194
Henry197180192
Clayton169162138
Paulding164146124
Forsyth171165119
Douglas9712886
Fayette1008181
Rockdale735159

Source: GAMLS, single family, previously owned

12. Closed Listings

Jan at 3,161, up 1.3% vs Jan 2024

Core Atlanta counties, all property types, by month

Closed Listings: Core Atlanta counties, all property types, by month
Area202320242025Closed Listings
Jan3,0463,1213,1613,161
Feb4,1023,990——
Mar5,5424,820——
Apr5,0005,234——
May5,7645,713——
Jun5,6994,979——
Jul4,9395,306——
Aug5,3544,875——
Sep4,5134,313——
Oct4,2564,571——
Nov3,8414,001——
Dec3,9614,506——

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

13. Closed Listings by County

Fulton highest at 410, Rockdale lowest at 42

Single family, pre-owned, Jan of each year

Closed Listings by County: Single family, pre-owned, Jan of each year
Area202320242025
Fulton297350410
Gwinnett413412381
DeKalb277294331
Cobb311294299
Cherokee143138147
Clayton111137146
Henry155131137
Paulding122115111
Forsyth104111100
Fayette757670
Douglas698463
Rockdale465342

Source: GAMLS, single family, previously owned

14. Active to Closed Ratio

12,193 actives, 4.8 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 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 2412,9983,252——
Dec 2411,4903,686——
Jan 2512,1932,54712,1932,547

Source: GAMLS

15. Active to Closed Ratio

2,053 actives, 5.3 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 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 242,122484——
Dec 241,866546——
Jan 252,0533872,053387

Source: GAMLS

16. Active to Closed Ratio

1,616 actives, 7.1 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 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 241,724265——
Dec 241,479274——
Jan 251,6162271,616227

Source: GAMLS

17. Days on Market

Single family at 21 days, up 9 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 25292321

Source: GAMLS, previously owned

18. Days on Market by County

Douglas highest at 31, Fayette lowest at 14

Single family, pre-owned, Jan of each year

Source: GAMLS, single family, previously owned

19. Fastest and Slowest-Moving Zips

30012 fastest at 10 days, 30107 slowest at 94

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——
300160——
300210——
300300——
300330——
300710——
303500——
303540——
303600——
303630——
305170——
305340——
305480——
306200——
30107—94—
30344—87.5—
30004—86.5—
30032—80—
30068—77—
30028—72—
30315—72—
30088—71.5—
30075—18—
30087—18—
30097—16.5—
30062—15.5—
30317—15.5—
30067—13—
30345—13—
30012—10—
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 3.0 months, up 1.1 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 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 242.82.84———
Dec 242.92.94.1———
Jan 2533.14.34.33.13

Source: GAMLS, previously owned

21. Months of Supply by County

Henry highest at 4.2, Cobb lowest at 2.2

Single family, pre-owned, Jan of each year

Months of Supply by County: Single family, pre-owned, Jan of each year
Area202320242025
Henry1.62.34.2
Fulton1.82.73.9
Rockdale1.82.63.8
Douglas1.72.33.7
Clayton1.62.43.6
DeKalb1.623.2
Paulding1.71.93.2
Fayette1.31.62.5
Gwinnett1.51.52.4
Cherokee1.41.52.3
Cobb1.31.32.2
Forsyth1.11.22.2

Source: GAMLS, single family, previously owned

25. Pending Ratio

Single family at 26.7%, down 17.5 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 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 240.260.210.14———
Dec 240.240.220.14———
Jan 250.270.240.190.270.240.19

Source: GAMLS, previously owned

26. Pending Ratio by County

Cobb highest at 38.9%, Douglas lowest at 19.0%

Single family, pre-owned, Jan of each year

Pending Ratio by County: Single family, pre-owned, Jan of each year
Area202320242025
Cobb0.680.650.39
Cherokee0.640.630.37
Fayette0.710.490.33
Forsyth0.850.860.32
Gwinnett0.610.60.32
DeKalb0.460.40.25
Rockdale0.390.250.24
Paulding0.390.390.24
Fulton0.350.330.22
Henry0.370.290.21
Clayton0.380.320.21
Douglas0.320.470.19

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
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 240.990.990.98———
Dec 240.990.990.98———
Jan 250.990.990.980.990.990.98

Source: GAMLS, previously owned

28. List to Sales Ratio by County

Cobb highest at 98.9%, Rockdale lowest at 97.8%

Single family, pre-owned, Jan of each year

List to Sales Ratio by County: Single family, pre-owned, Jan of each year
Area202320242025
Cobb1.0110.99
Gwinnett1.010.990.99
Forsyth1.020.990.99
Cherokee1.010.990.99
DeKalb1.010.990.99
Paulding10.990.99
Henry10.990.99
Douglas10.990.98
Fayette10.990.98
Fulton1.010.990.98
Clayton1.010.980.98
Rockdale10.980.98

Source: GAMLS, single family, previously owned

29. Dollar Volume

Combined at $1.5B, up 5.7% 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 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———
Dec 24$2.22B$1.88B$342.5M———
Jan 25$1.50B$1.25B$247.3M$1.50B$1.25B$247.3M

Source: GAMLS, monthly closed volume

30. Dollar Volume, Pre-Owned

Single family at $1.1B, up 5.9% 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 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———
Dec 24$1.63B$160.9M$88.0M———
Jan 25$1.06B$121.1M$70.8M$1.06B$121.1M$70.8M

Source: GAMLS, previously owned

31. Dollar Volume by County

Fulton highest at $257.2M, Rockdale lowest at $14.4M

Single family, pre-owned, Jan of each year

Dollar Volume by County: Single family, pre-owned, Jan of each year
Area202320242025
Fulton$160.2M$210.2M$257.2M
Gwinnett$172.3M$179.0M$179.6M
Cobb$133.1M$141.6M$152.8M
DeKalb$111.0M$119.0M$132.1M
Cherokee$66.9M$67.6M$79.9M
Forsyth$52.5M$70.8M$64.6M
Henry$50.5M$47.6M$47.4M
Paulding$40.9M$43.4M$42.8M
Fayette$37.6M$40.6M$36.5M
Clayton$26.0M$34.9M$34.1M
Douglas$20.9M$28.7M$20.3M
Rockdale$15.1M$19.2M$14.4M

Source: GAMLS, single family, previously owned

32. Showings vs Actives vs Pendings

Jan showings at 39,570, up 29.0% vs Jan 2024

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———
202430,67110,5454,292———
202539,57015,8623,82639,57015,8623,826

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

33. Showings by County

Fulton led with 8,350 Jan showings

Jan of each year, all property types

Showings by County: Jan of each year, all property types
Area202320242025
Fulton6,0546,5228,350
DeKalb4,1554,5366,426
Gwinnett4,7103,6785,094
Henry4,4963,6824,494
Cobb3,0332,0603,326
Clayton2,9592,5972,866
Fayette1,3171,4611,514
Douglas1,4431,0791,460
Paulding1,580948.61,364
Forsyth721.4583.51,303
Cherokee1,0231,1171,111
Rockdale1,0781,109902.6

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

34. Showings

2.9 showings per listing, 8.7 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 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 248.42.6——
Dec 248.32.4——
Jan 258.72.98.72.9

Source: ShowingTime via GAMLS, previously owned

35. Showings per Listing by County

Fayette highest at 4.7, Cherokee lowest at 1.6

Single family, pre-owned, Jan of each year

Showings per Listing by County: Single family, pre-owned, Jan of each year
Area202320242025
Fayette6.96.64.7
Clayton5.64.43.8
Henry6.34.53.7
DeKalb3.23.43.3
Douglas3.93.22.7
Gwinnett3.43.22.7
Forsyth2.32.32.6
Rockdale4.74.12.6
Fulton2.72.72.4
Cobb32.22.3
Paulding2.622.2
Cherokee2.12.41.6

Source: GAMLS, single family, previously owned

36. Showings to Pending by County

Fayette highest at 15.6, Cherokee lowest at 3.3

Single family, pre-owned, Jan of each year

Showings to Pending by County: Single family, pre-owned, Jan of each year
Area202320242025
Fayette14.514.215.6
Henry14.311.614.2
Clayton12.112.814
Rockdale10.110.69.9
DeKalb6.96.78.9
Fulton66.18.5
Douglas8.97.47.8
Gwinnett6.86.27.2
Paulding55.95.3
Cobb5.175.2
Forsyth4.64.34.2
Cherokee3.53.83.3

Source: GAMLS, single family, previously owned

37. Showings

1.8 showings per listing, 3.7 to go pending in Jan

Townhouse, pre-owned, core Atlanta counties

Showings: Townhouse, pre-owned, core Atlanta counties
MonthShowings to PendingShowings per ListingShowingsShowings
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 243.71.4——
Dec 244.61.3——
Jan 253.71.83.71.8

Source: ShowingTime via GAMLS, previously owned

38. Showings

1.3 showings per listing, 4.9 to go pending in Jan

Condo, pre-owned, core Atlanta counties

Showings: Condo, pre-owned, core Atlanta counties
MonthShowings to PendingShowings per ListingShowingsShowings
Jan 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 243.41.1——
Dec 244.11.2——
Jan 254.91.34.91.3

Source: ShowingTime via GAMLS, previously owned

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