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Atlanta's Housing Market Update

July 2024

35 slides · June 2024 data · FMLS and GAMLS

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Every finding, in text

What the July 2024 data shows

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

1. Mortgage Rates

30-yr fixed at 6.95%, up 0.24 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
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 244.69%7.17%——
May 244.51%7.03%——
Jun 244.36%6.86%——
Jul 244.28%6.95%6.95%4.28%

Source: Freddie Mac PMMS and FRED (DGS10)

2. Median Price

Single family at $420K, up 4.8% from a year ago

Core Atlanta counties, by property type

Median Price: Core Atlanta counties, by property type
MonthSingle FamilyTownhouseCondoMedian PriceMedian PriceMedian Price
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———
Apr 24$415,000$365,000$295,000———
May 24$415,900$365,627$295,000———
Jun 24$419,900$369,000$295,000$419,900$369,000$295,000

Source: GAMLS, all construction types

3. Median Price, New Construction vs Pre-Owned

New construction at $467K, $59K 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
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——
Apr 24$471,520$402,000——
May 24$469,465$405,000——
Jun 24$467,483$408,000$467,483$408,000

Source: GAMLS, single family

4. Median Price by County

Forsyth highest at $624K, Clayton lowest at $250K

Single family, pre-owned, Jun of each year

Median Price by County: Single family, pre-owned, Jun of each year
Area202220232024
Forsyth$525,000$565,000$624,000
Fulton$452,500$475,000$506,500
Fayette$410,900$452,000$485,000
Cherokee$413,000$435,000$469,000
Cobb$401,000$420,000$450,000
Gwinnett$385,000$400,000$420,000
DeKalb$375,000$379,450$375,000
Paulding$330,000$335,450$345,000
Henry$317,000$329,900$330,000
Douglas$300,000$308,000$310,000
Rockdale$290,000$300,000$300,000
Clayton$235,000$250,000$250,000

Source: GAMLS, single family, previously owned

5. Where Prices Are Rising and Cooling

Duluth hottest at +17.7%, Stockbridge coolest at -4.7%

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

Where Prices Are Rising and Cooling: Single family, median price year over year by city, Jun 2024, all construction
ZipWhere Prices Are Rising and CoolingWhere Prices Are Rising and Cooling
Duluth0.2—
Tucker0.2—
Peachtree Corners0.2—
Johns Creek0.1—
Mableton0.1—
Alpharetta0.1—
Roswell0.1—
Canton0.1—
Hiram-0—
Austell-0—
Locust Grove-0—
Fairburn-0—
Hampton-0—
Union City-0—
Atlanta-0—
Stockbridge-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

Jun at 8,911, up 11.8% vs Jun 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—
Jun10,5617,9678,9118,911
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 1,258, Rockdale lowest at 110

Single family, pre-owned, Jun of each year

New Listings by County: Single family, pre-owned, Jun of each year
Area202220232024
Fulton1,4011,0971,258
Gwinnett1,4989531,124
Cobb1,147823827
DeKalb975738801
Henry508398471
Cherokee484422407
Forsyth551313386
Paulding424269362
Clayton345286298
Douglas245209222
Fayette256189205
Rockdale169118110

Source: GAMLS, single family, previously owned

8. Active Listings

Jun at 15,560, up 56.7% vs Jun 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—
Jun10,2259,93115,56015,560
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 2,332, Rockdale lowest at 230

Single family, pre-owned, Jun of each year

Active Listings by County: Single family, pre-owned, Jun of each year
Area202220232024
Fulton1,4101,5032,332
Gwinnett1,3289451,480
DeKalb9478461,432
Cobb9296911,087
Henry467514856
Clayton301386633
Cherokee436381579
Paulding416303545
Forsyth402254470
Douglas258267427
Fayette211183272
Rockdale166174230

Source: GAMLS, single family, previously owned

10. Pending Listings

Jun at 5,129, down 2.3% vs Jun 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—
Jun6,2415,2485,1295,129
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 678, Rockdale lowest at 68

Single family, pre-owned, Jun of each year

Pending Listings by County: Single family, pre-owned, Jun of each year
Area202220232024
Gwinnett856657678
Fulton784639594
Cobb744621555
DeKalb583464489
Cherokee279267280
Forsyth294216249
Henry303257247
Clayton235182189
Paulding243188171
Douglas151129127
Fayette155132126
Rockdale1088768

Source: GAMLS, single family, previously owned

12. Closed Listings

Jun at 4,979, down 12.6% vs Jun 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—
Jun7,0505,6994,9794,979
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 623, Rockdale lowest at 65

Single family, pre-owned, Jun of each year

Closed Listings by County: Single family, pre-owned, Jun of each year
Area202220232024
Gwinnett908740623
Fulton848700622
Cobb840638569
DeKalb672525465
Cherokee366296267
Forsyth339241232
Henry321268219
Paulding291185173
Clayton253206164
Fayette163131122
Douglas17511799
Rockdale1107965

Source: GAMLS, single family, previously owned

14. Active to Closed Ratio

12,176 actives, 3.0 for every Jun 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
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 249,1173,883——
Apr 249,9834,228——
May 2411,3054,653——
Jun 2412,1764,07612,1764,076

Source: GAMLS

15. Active to Closed Ratio

1,866 actives, 3.4 for every Jun closing

Townhouse, core Atlanta counties, all construction

Active to Closed Ratio: Townhouse, core Atlanta counties, all construction
MonthActiveClosedActive to Closed RatioActive to Closed Ratio
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 241,393571——
Apr 241,519602——
May 241,707649——
Jun 241,8665421,866542

Source: GAMLS

16. Active to Closed Ratio

1,518 actives, 4.2 for every Jun closing

Condo, core Atlanta counties, all construction

Active to Closed Ratio: Condo, core Atlanta counties, all construction
MonthActiveClosedActive to Closed RatioActive to Closed Ratio
Jun 23801449——
Jul 23820378——
Aug 23879454——
Sep 23974407——
Oct 231,082327——
Nov 231,130288——
Dec 231,035291——
Jan 241,087224——
Feb 241,184327——
Mar 241,225366——
Apr 241,316404——
May 241,453411——
Jun 241,5183611,518361

Source: GAMLS

17. Days on Market

Single family at 13 days, up 1 day 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
Jun 24161313

Source: GAMLS, previously owned

18. Days on Market by County

Henry highest at 21, Forsyth lowest at 8

Single family, pre-owned, Jun of each year

Source: GAMLS, single family, previously owned

19. Fastest and Slowest-Moving Zips

30341 fastest at 3 days, 30153 slowest at 75

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

Fastest and Slowest-Moving Zips: Single family residences, median days on market of Jun closings, FMLS zip cross-section
ZipFastest and Slowest-Moving ZipsFastest and Slowest-Moving ZipsFastest and Slowest-Moving Zips
300020——
300110——
300160——
300210——
300710——
300720——
300790——
301060——
303390——
303460——
303600——
303630——
305170——
305340——
305480——
306200——
30153—75—
30236—65—
30337—63—
30354—63—
30013—60.5—
30311—56—
30252—54—
30253—52.5—
30066—5.5—
30024—5—
30092—5—
30340—5—
30005—4—
30033—4—
30338—4—
30341—3—
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 2.3 months, up 0.5 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
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 2421.72.5———
Apr 242.11.82.6———
May 242.222.8———
Jun 242.32.1332.32.1

Source: GAMLS, previously owned

21. Months of Supply by County

Fulton highest at 3.2, Cobb lowest at 1.6

Single family, pre-owned, Jun of each year

Months of Supply by County: Single family, pre-owned, Jun of each year
Area202220232024
Fulton1.32.23.2
Henry123.1
Rockdale1.22.23.1
Clayton122.9
Douglas1.12.12.8
DeKalb1.21.92.4
Paulding0.91.92.4
Fayette0.91.52
Cherokee0.91.51.8
Gwinnett0.91.71.7
Cobb0.91.41.6
Forsyth0.71.21.6

Source: GAMLS, single family, previously owned

25. Pending Ratio

Single family at 36.5%, down 23.1 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
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 240.520.580.37———
Apr 240.480.490.3———
May 240.410.380.27———
Jun 240.360.380.240.380.360.24

Source: GAMLS, previously owned

26. Pending Ratio by County

Forsyth highest at 53.0%, Fulton lowest at 25.5%

Single family, pre-owned, Jun of each year

Pending Ratio by County: Single family, pre-owned, Jun of each year
Area202220232024
Forsyth0.730.850.53
Cobb0.80.90.51
Cherokee0.640.70.48
Fayette0.730.720.46
Gwinnett0.640.70.46
DeKalb0.620.550.34
Paulding0.580.620.31
Clayton0.780.470.3
Douglas0.590.480.3
Rockdale0.650.50.3
Henry0.650.50.29
Fulton0.560.430.25

Source: GAMLS, single family, previously owned

27. List to Sales Ratio

Single family at 98.9%, down 0.1 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
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 240.990.990.99———
Apr 240.990.990.99———
May 240.990.990.99———
Jun 240.990.990.980.990.990.98

Source: GAMLS, previously owned

28. List to Sales Ratio by County

Cobb highest at 99.4%, Clayton lowest at 98.0%

Single family, pre-owned, Jun of each year

List to Sales Ratio by County: Single family, pre-owned, Jun of each year
Area202220232024
Cobb1.020.990.99
Forsyth1.030.990.99
Gwinnett1.030.990.99
Cherokee1.020.990.99
DeKalb1.010.990.99
Paulding1.020.990.99
Fayette1.010.990.99
Douglas1.020.990.99
Henry1.020.990.99
Fulton1.020.990.98
Rockdale1.010.980.98
Clayton1.020.990.98

Source: GAMLS, single family, previously owned

29. Dollar Volume

Combined at $2.6B, down 7.3% 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
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———
Apr 24$2.62B$2.28B$336.5M———
May 24$2.90B$2.55B$353.0M———
Jun 24$2.63B$2.31B$317.1M$2.63B$2.31B$317.1M

Source: GAMLS, monthly closed volume

30. Dollar Volume, Pre-Owned

Single family at $2.0B, down 6.4% 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
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———
Apr 24$1.95B$191.7M$141.9M———
May 24$2.20B$219.1M$129.9M———
Jun 24$2.02B$178.7M$118.4M$2.02B$178.7M$118.4M

Source: GAMLS, previously owned

31. Dollar Volume by County

Fulton highest at $466.1M, Rockdale lowest at $22.9M

Single family, pre-owned, Jun of each year

Dollar Volume by County: Single family, pre-owned, Jun of each year
Area202220232024
Fulton$603.8M$518.9M$466.1M
Cobb$432.8M$328.3M$330.8M
Gwinnett$449.9M$353.7M$330.4M
DeKalb$351.6M$277.0M$256.0M
Forsyth$232.2M$154.3M$165.0M
Cherokee$183.8M$158.8M$155.6M
Henry$116.8M$100.3M$79.6M
Fayette$82.3M$72.8M$70.8M
Paulding$112.2M$70.4M$66.0M
Clayton$68.9M$54.6M$41.7M
Douglas$66.4M$38.8M$32.3M
Rockdale$35.6M$26.7M$22.9M

Source: GAMLS, single family, previously owned

32. Showings vs Actives vs Pendings

Jun showings at 38,173, up 7.3% vs Jun 2023

Jun of each year, all property types

Showings vs Actives vs Pendings: Jun of each year, all property types
AreaShowingsActivesPendingsShowings vs Actives vs PendingsShowings vs Actives vs PendingsShowings vs Actives vs Pendings
202053,44114,6898,476———
202144,9957,8627,760———
202238,46810,2256,241———
202335,5599,9315,248———
202438,17315,5605,12938,17315,5605,129

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

33. Showings by County

Fulton led with 7,793 Jun showings

Jun of each year, all property types

Showings by County: Jun of each year, all property types
Area202220232024
Fulton6,5306,5117,793
DeKalb4,7394,6625,062
Gwinnett5,0354,5324,552
Henry4,1533,8224,505
Clayton3,2042,9923,156
Cobb3,1402,9112,768
Fayette2,2521,6401,705
Douglas1,2851,3941,357
Cherokee1,2841,3621,166
Paulding1,346938.81,099
Forsyth1,036848.11,087
Rockdale1,0841,3781,030

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

34. Showings

2.8 showings per listing, 6.7 to go pending in Jun

Single family, pre-owned, core Atlanta counties

Showings: Single family, pre-owned, core Atlanta counties
MonthShowings to PendingShowings per ListingShowingsShowings
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 247.93.9——
Apr 247.73.5——
May 2473——
Jun 246.72.86.72.8

Source: ShowingTime via GAMLS, previously owned

35. Showings per Listing by County

Fayette highest at 5.3, Cherokee lowest at 1.6

Single family, pre-owned, Jun of each year

Showings per Listing by County: Single family, pre-owned, Jun of each year
Area202220232024
Fayette8.47.15.3
Clayton8.16.64.2
Henry6.85.94
Rockdale5.45.93.4
DeKalb3.73.92.7
Douglas4.64.42.6
Gwinnett3.23.52.3
Fulton2.72.72.2
Cobb2.52.92
Forsyth2.22.61.9
Cherokee2.22.51.6
Paulding2.62.41.6

Source: GAMLS, single family, previously owned

36. Showings to Pending by County

Henry highest at 12.2, Cobb lowest at 3.3

Single family, pre-owned, Jun of each year

Showings to Pending by County: Single family, pre-owned, Jun of each year
Area202220232024
Henry13.812.612.2
Fayette12.612.711.2
Clayton14.112.911
Rockdale9.711.89.6
Douglas996.5
DeKalb7.97.66.3
Fulton565.5
Gwinnett5.46.45.3
Forsyth3.85.54.3
Paulding4.44.73.9
Cherokee3.343.6
Cobb4.64.63.3

Source: GAMLS, single family, previously owned

37. Showings

1.8 showings per listing, 4.2 to go pending in Jun

Townhouse, pre-owned, core Atlanta counties

Showings: Townhouse, pre-owned, core Atlanta counties
MonthShowings to PendingShowings per ListingShowingsShowings
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 245.22.6——
Apr 244.72.3——
May 245.42.1——
Jun 244.21.84.21.8

Source: ShowingTime via GAMLS, previously owned

38. Showings

1.4 showings per listing, 4.2 to go pending in Jun

Condo, pre-owned, core Atlanta counties

Showings: Condo, pre-owned, core Atlanta counties
MonthShowings to PendingShowings per ListingShowingsShowings
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 244.11.8——
Apr 244.21.8——
May 244.51.7——
Jun 244.21.44.21.4

Source: ShowingTime via GAMLS, previously owned

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