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Atlanta's Housing Market Update

June 2024

35 slides · May 2024 data · FMLS and GAMLS

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Every finding, in text

What the June 2024 data shows

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

1. Mortgage Rates

30-yr fixed at 6.99%, up 0.20 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
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 244.69%7.17%——
May 244.51%7.03%——
Jun 244.47%6.99%6.99%4.47%

Source: Freddie Mac PMMS and FRED (DGS10)

2. Median Price

Single family at $416K, 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
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———
Apr 24$415,000$365,000$295,000———
May 24$415,900$365,627$295,000$415,900$365,627$295,000

Source: GAMLS, all construction types

3. Median Price, New Construction vs Pre-Owned

New construction at $469K, $64K 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
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——
Apr 24$471,520$402,000——
May 24$469,465$405,000$469,465$405,000

Source: GAMLS, single family

4. Median Price by County

Forsyth highest at $620K, Clayton lowest at $250K

Single family, pre-owned, May of each year

Median Price by County: Single family, pre-owned, May of each year
Area202220232024
Forsyth$515,000$570,000$620,000
Fulton$452,000$476,000$505,000
Fayette$405,000$450,000$485,000
Cherokee$405,150$435,000$465,000
Cobb$400,000$420,000$442,000
Gwinnett$380,000$401,000$420,000
DeKalb$370,000$380,000$375,000
Paulding$322,100$340,000$345,000
Henry$310,000$330,000$330,000
Douglas$296,000$310,000$310,500
Rockdale$285,000$302,000$300,000
Clayton$230,000$250,000$250,000

Source: GAMLS, single family, previously owned

5. Where Prices Are Rising and Cooling

Peachtree Corners hottest at +15.4%, Atlanta coolest at -5.4%

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

Where Prices Are Rising and Cooling: Single family, median price year over year by city, May 2024, all construction
ZipWhere Prices Are Rising and CoolingWhere Prices Are Rising and Cooling
Peachtree Corners0.2—
Tyrone0.1—
Duluth0.1—
Tucker0.1—
Roswell0.1—
Canton0.1—
Brookhaven0.1—
Dunwoody0.1—
Locust Grove-0—
Austell-0—
Hiram-0—
Fairburn-0—
Stockbridge-0—
Union City-0—
Hampton-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

May at 9,371, up 26.8% vs May 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—
May9,0047,3899,3719,371
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 1,250, Rockdale lowest at 139

Single family, pre-owned, May of each year

New Listings by County: Single family, pre-owned, May of each year
Area202220232024
Fulton1,2031,0231,250
Gwinnett1,1619171,147
Cobb1,050723952
DeKalb876661915
Cherokee427334445
Henry437372441
Forsyth404302395
Paulding367250324
Clayton308273321
Douglas219146220
Fayette206163190
Rockdale129122139

Source: GAMLS, single family, previously owned

8. Active Listings

May at 14,465, up 60.0% vs May 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—
May7,4919,04114,46514,465
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 2,148, Rockdale lowest at 231

Single family, pre-owned, May of each year

Active Listings by County: Single family, pre-owned, May of each year
Area202220232024
Fulton1,1251,3942,148
DeKalb7207681,368
Gwinnett8618091,272
Cobb672601992
Henry340472812
Clayton232348621
Cherokee289293549
Paulding288268478
Forsyth218209422
Douglas193238398
Fayette134160234
Rockdale136182231

Source: GAMLS, single family, previously owned

10. Pending Listings

May at 5,221, down 4.9% vs May 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—
May6,9695,4885,2215,221
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 692, Rockdale lowest at 75

Single family, pre-owned, May of each year

Pending Listings by County: Single family, pre-owned, May of each year
Area202220232024
Gwinnett916694692
Fulton854668660
Cobb860608622
DeKalb702522514
Cherokee379279275
Henry333263225
Forsyth348231213
Paulding278187199
Clayton234194164
Fayette157120131
Douglas179117104
Rockdale1058075

Source: GAMLS, single family, previously owned

12. Closed Listings

May at 5,713, down 0.9% vs May 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—
May6,9815,7645,7135,713
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 800, Rockdale lowest at 70

Single family, pre-owned, May of each year

Closed Listings by County: Single family, pre-owned, May of each year
Area202220232024
Gwinnett917754800
Fulton921644717
Cobb787672605
DeKalb684566561
Cherokee349274280
Henry357267233
Forsyth323221228
Paulding255210216
Clayton250193214
Douglas201138132
Fayette165122126
Rockdale908970

Source: GAMLS, single family, previously owned

14. Active to Closed Ratio

11,305 actives, 2.4 for every May 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
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 249,1173,883——
Apr 249,9834,228——
May 2411,3054,65311,3054,653

Source: GAMLS

15. Active to Closed Ratio

1,707 actives, 2.6 for every May closing

Townhouse, core Atlanta counties, all construction

Active to Closed Ratio: Townhouse, core Atlanta counties, all construction
MonthActiveClosedActive to Closed RatioActive to Closed Ratio
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 241,393571——
Apr 241,519602——
May 241,7076491,707649

Source: GAMLS

16. Active to Closed Ratio

1,453 actives, 3.5 for every May closing

Condo, core Atlanta counties, all construction

Active to Closed Ratio: Condo, core Atlanta counties, all construction
MonthActiveClosedActive to Closed RatioActive to Closed Ratio
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 241,225366——
Apr 241,316404——
May 241,4534111,453411

Source: GAMLS

17. Days on Market

Single family at 12 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
May 24151212

Source: GAMLS, previously owned

18. Days on Market by County

Douglas highest at 19, Forsyth lowest at 7

Single family, pre-owned, May of each year

Source: GAMLS, single family, previously owned

19. Fastest and Slowest-Moving Zips

30338 fastest at 3 days, 30273 slowest at 96

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

Fastest and Slowest-Moving Zips: Single family residences, median days on market of May 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——
301530——
303370——
303390——
303460——
303600——
303630——
305340——
305480——
306200——
30273—96—
30297—66.5—
30314—62—
30009—55.5—
30238—55—
30094—46—
30354—45.5—
30038—42—
30309—4.5—
30340—4.5—
30033—4—
30076—4—
30092—4—
30093—4—
30341—4—
30338—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 2.2 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
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 2421.72.5———
Apr 242.11.82.6———
May 242.222.82.82.22

Source: GAMLS, previously owned

21. Months of Supply by County

Fulton highest at 3.1, Cobb lowest at 1.5

Single family, pre-owned, May of each year

Months of Supply by County: Single family, pre-owned, May of each year
Area202220232024
Fulton1.32.23.1
Rockdale1.22.13
Henry0.922.9
Clayton11.92.8
Douglas1.122.7
DeKalb1.11.92.3
Paulding0.91.92.3
Fayette0.81.51.9
Cherokee0.91.51.7
Gwinnett0.81.71.7
Cobb0.81.41.5
Forsyth0.71.21.5

Source: GAMLS, single family, previously owned

25. Pending Ratio

Single family at 40.7%, down 28.3 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
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 240.520.580.37———
Apr 240.480.490.3———
May 240.410.380.270.410.380.27

Source: GAMLS, previously owned

26. Pending Ratio by County

Cobb highest at 62.7%, Douglas lowest at 26.1%

Single family, pre-owned, May of each year

Pending Ratio by County: Single family, pre-owned, May of each year
Area202220232024
Cobb1.281.010.63
Fayette1.170.750.56
Gwinnett1.060.860.54
Forsyth1.61.110.5
Cherokee1.310.950.5
Paulding0.970.70.42
DeKalb0.980.680.38
Rockdale0.770.440.32
Fulton0.760.480.31
Henry0.980.560.28
Clayton1.010.560.26
Douglas0.930.490.26

Source: GAMLS, single family, previously owned

27. List to Sales Ratio

Single family at 99.0%, down 0.3 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
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 240.990.990.99———
Apr 240.990.990.99———
May 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 98.1%

Single family, pre-owned, May of each year

List to Sales Ratio by County: Single family, pre-owned, May of each year
Area202220232024
Cobb1.0211
Forsyth1.0311
Gwinnett1.0310.99
Cherokee1.0210.99
DeKalb1.020.990.99
Paulding1.020.990.99
Fayette1.010.990.99
Douglas1.020.990.99
Henry1.020.990.99
Fulton1.010.990.99
Clayton1.020.990.98
Rockdale1.010.990.98

Source: GAMLS, single family, previously owned

29. Dollar Volume

Combined at $2.9B, up 1.7% 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
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———
Apr 24$2.62B$2.28B$336.5M———
May 24$2.90B$2.55B$353.0M$2.90B$2.55B$353.0M

Source: GAMLS, monthly closed volume

30. Dollar Volume, Pre-Owned

Single family at $2.2B, up 4.0% 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
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———
Apr 24$1.95B$191.7M$141.9M———
May 24$2.20B$219.1M$129.9M$2.20B$219.1M$129.9M

Source: GAMLS, previously owned

31. Dollar Volume by County

Fulton highest at $516.4M, Rockdale lowest at $20.9M

Single family, pre-owned, May of each year

Dollar Volume by County: Single family, pre-owned, May of each year
Area202220232024
Fulton$624.0M$472.7M$516.4M
Gwinnett$441.1M$352.6M$397.2M
Cobb$401.8M$354.0M$332.3M
DeKalb$349.6M$270.3M$283.8M
Forsyth$210.2M$147.3M$162.8M
Cherokee$182.8M$156.1M$151.6M
Henry$130.7M$93.7M$84.6M
Paulding$97.8M$75.6M$79.3M
Fayette$82.0M$66.6M$69.7M
Clayton$66.9M$51.6M$55.0M
Douglas$69.3M$46.4M$44.2M
Rockdale$29.3M$26.3M$20.9M

Source: GAMLS, single family, previously owned

32. Showings vs Actives vs Pendings

May showings at 38,498, up 10.2% vs May 2023

May of each year, all property types

Showings vs Actives vs Pendings: May of each year, all property types
AreaShowingsActivesPendingsShowings vs Actives vs PendingsShowings vs Actives vs PendingsShowings vs Actives vs Pendings
202050,71516,0207,814———
202140,9427,1737,807———
202233,4547,4916,969———
202334,9479,0415,488———
202438,49814,4655,22138,49814,4655,221

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

33. Showings by County

Fulton led with 8,234 May showings

May of each year, all property types

Showings by County: May of each year, all property types
Area202220232024
Fulton6,1996,5288,234
DeKalb3,9694,1975,106
Gwinnett4,1414,2594,737
Henry3,8614,2894,330
Clayton2,8582,9443,234
Cobb2,6762,7972,835
Fayette1,8531,4731,570
Cherokee1,2101,3531,338
Rockdale1,0071,2331,194
Paulding1,1681,0951,167
Douglas1,0391,2361,069
Forsyth810.69431,054

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

34. Showings

3.0 showings per listing, 7.0 to go pending in May

Single family, pre-owned, core Atlanta counties

Showings: Single family, pre-owned, core Atlanta counties
MonthShowings to PendingShowings per ListingShowingsShowings
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 247.93.9——
Apr 247.73.5——
May 247373

Source: ShowingTime via GAMLS, previously owned

35. Showings per Listing by County

Fayette highest at 5.6, Cherokee lowest at 1.9

Single family, pre-owned, May of each year

Showings per Listing by County: Single family, pre-owned, May of each year
Area202220232024
Fayette10.47.25.6
Clayton9.26.74.3
Henry8.16.84.2
Rockdale6.154.1
DeKalb3.93.82.8
Gwinnett43.82.8
Fulton3.332.4
Douglas4.74.12.3
Forsyth3.13.62.1
Cobb2.93.22
Paulding3.332
Cherokee33.11.9

Source: GAMLS, single family, previously owned

36. Showings to Pending by County

Henry highest at 14.1, Forsyth lowest at 3.6

Single family, pre-owned, May of each year

Showings to Pending by County: Single family, pre-owned, May of each year
Area202220232024
Henry13.415.114.1
Rockdale1111.412.9
Fayette17.214.811.8
Clayton14.517.39
DeKalb7.28.46.9
Douglas7.68.86.1
Fulton6.65.85.8
Gwinnett6.86.65.1
Cobb4.14.74.6
Cherokee4.44.44
Paulding5.25.64
Forsyth4.34.73.6

Source: GAMLS, single family, previously owned

37. Showings

2.1 showings per listing, 5.4 to go pending in May

Townhouse, pre-owned, core Atlanta counties

Showings: Townhouse, pre-owned, core Atlanta counties
MonthShowings to PendingShowings per ListingShowingsShowings
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 245.22.6——
Apr 244.72.3——
May 245.42.15.42.1

Source: ShowingTime via GAMLS, previously owned

38. Showings

1.7 showings per listing, 4.5 to go pending in May

Condo, pre-owned, core Atlanta counties

Showings: Condo, pre-owned, core Atlanta counties
MonthShowings to PendingShowings per ListingShowingsShowings
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 244.11.8——
Apr 244.21.8——
May 244.51.74.51.7

Source: ShowingTime via GAMLS, previously owned

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