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Atlanta's Housing Market Update

June 2025

35 slides · May 2025 data · FMLS and GAMLS

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Every finding, in text

What the June 2025 data shows

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

1. Mortgage Rates

30-yr fixed at 6.85%, down 0.18 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 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 254.24%6.76%——
Mar 254.23%6.65%——
Apr 254.17%6.81%——
May 254.41%6.89%——
Jun 254.47%6.85%6.85%4.47%

Source: Freddie Mac PMMS and FRED (DGS10)

2. Median Price

Single family at $420K, up 1.0% from a year ago

Core Atlanta counties, by property type

Median Price: Core Atlanta counties, by property type
MonthSingle FamilyTownhouseCondoMedian PriceMedian PriceMedian Price
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———
Feb 25$420,000$376,000$299,000———
Mar 25$420,000$375,000$299,000———
Apr 25$420,000$377,000$298,750———
May 25$420,000$375,000$299,000$420,000$375,000$299,000

Source: GAMLS, all construction types

3. Median Price, New Construction vs Pre-Owned

New construction at $462K, $50K 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 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——
Feb 25$465,083$411,056——
Mar 25$463,340$412,000——
Apr 25$460,245$412,500——
May 25$461,895$412,000$461,895$412,000

Source: GAMLS, single family

4. Median Price by County

Forsyth highest at $625K, Clayton lowest at $249K

Single family, pre-owned, May of each year

Median Price by County: Single family, pre-owned, May of each year
Area202320242025
Forsyth$570,000$620,000$625,000
Fulton$476,000$505,000$505,000
Fayette$450,000$485,000$500,000
Cherokee$435,000$465,000$479,900
Cobb$420,000$442,000$460,000
Gwinnett$401,000$420,000$425,000
DeKalb$380,000$375,000$360,000
Paulding$340,000$345,000$349,900
Henry$330,000$330,000$325,000
Douglas$310,000$310,500$307,700
Rockdale$302,000$300,000$300,000
Clayton$250,000$250,000$249,000

Source: GAMLS, single family, previously owned

5. Where Prices Are Rising and Cooling

Milton hottest at +11.6%, Decatur coolest at -8.5%

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

Where Prices Are Rising and Cooling: Single family, median price year over year by city, May 2025, all construction
ZipWhere Prices Are Rising and CoolingWhere Prices Are Rising and Cooling
Milton0.1—
Atlanta0.1—
Johns Creek0.1—
Waleska0.1—
Duluth0.1—
Suwanee0—
Woodstock0—
Smyrna0—
Tucker-0—
South Fulton-0—
Sugar Hill-0—
East Point-0—
McDonough-0.1—
Riverdale-0.1—
Forest Park-0.1—
Decatur-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 10,476, up 11.8% vs May 2024

Core Atlanta counties, all property types, by month

New Listings: Core Atlanta counties, all property types, by month
Area202320242025New Listings
Jan5,8676,5647,824—
Feb5,6227,2747,830—
Mar7,1677,9049,463—
Apr6,5238,79410,029—
May7,3899,37110,47610,476
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 1,361, Rockdale lowest at 156

Single family, pre-owned, May of each year

New Listings by County: Single family, pre-owned, May of each year
Area202320242025
Fulton1,0231,2501,361
Gwinnett9171,1471,231
DeKalb6619151,088
Cobb7239521,084
Cherokee334445517
Henry372441478
Forsyth302395474
Paulding250324334
Clayton273321318
Fayette163190237
Douglas146220224
Rockdale122139156

Source: GAMLS, single family, previously owned

8. Active Listings

May at 20,297, up 40.3% vs May 2024

Core Atlanta counties, all property types, by month

Active Listings: Core Atlanta counties, all property types, by month
Area202320242025Active Listings
Jan10,12710,54515,862—
Feb9,29711,29316,431—
Mar9,13311,73517,273—
Apr8,85712,81818,810—
May9,04114,46520,29720,297
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 2,783, Rockdale lowest at 319

Single family, pre-owned, May of each year

Active Listings by County: Single family, pre-owned, May of each year
Area202320242025
Fulton1,3942,1482,783
DeKalb7681,3682,186
Gwinnett8091,2721,941
Cobb6019921,518
Henry4728121,021
Cherokee293549811
Forsyth209422755
Paulding268478643
Clayton348621641
Douglas238398498
Fayette160234404
Rockdale182231319

Source: GAMLS, single family, previously owned

10. Pending Listings

May at 5,435, up 4.1% vs May 2024

Core Atlanta counties, all property types, by month

Pending Listings: Core Atlanta counties, all property types, by month
Area202320242025Pending Listings
Jan4,5314,2923,826—
Feb4,7884,6434,523—
Mar5,6765,4685,521—
Apr5,3305,4525,308—
May5,4885,2215,4355,435
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

Gwinnett highest at 737, Rockdale lowest at 89

Single family, pre-owned, May of each year

Pending Listings by County: Single family, pre-owned, May of each year
Area202320242025
Gwinnett694692737
Fulton668660724
Cobb608622641
DeKalb522514570
Cherokee279275290
Forsyth231213242
Henry263225203
Clayton194164186
Paulding187199181
Fayette120131133
Douglas117104120
Rockdale807589

Source: GAMLS, single family, previously owned

12. Closed Listings

May at 5,509, down 3.6% vs May 2024

Core Atlanta counties, all property types, by month

Closed Listings: Core Atlanta counties, all property types, by month
Area202320242025Closed Listings
Jan3,0463,1213,161—
Feb4,1023,9903,732—
Mar5,5424,8204,624—
Apr5,0005,2345,103—
May5,7645,7135,5095,509
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 722, Rockdale lowest at 80

Single family, pre-owned, May of each year

Closed Listings by County: Single family, pre-owned, May of each year
Area202320242025
Fulton644717722
Gwinnett754800682
Cobb672605630
DeKalb566561568
Cherokee274280296
Henry267233259
Forsyth221228230
Paulding210216190
Clayton193214179
Fayette122126127
Douglas138132120
Rockdale897080

Source: GAMLS, single family, previously owned

14. Active to Closed Ratio

15,623 actives, 3.5 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 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 2512,1932,547——
Feb 2512,4233,023——
Mar 2513,0943,717——
Apr 2514,3354,164——
May 2515,6234,50215,6234,502

Source: GAMLS

15. Active to Closed Ratio

2,539 actives, 3.8 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 241,707649——
Jun 241,866542——
Jul 241,896610——
Aug 241,982595——
Sep 242,188488——
Oct 242,220501——
Nov 242,122484——
Dec 241,866546——
Jan 252,053387——
Feb 252,191447——
Mar 252,236590——
Apr 252,429614——
May 252,5396682,539668

Source: GAMLS

16. Active to Closed Ratio

2,135 actives, 6.3 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 241,453411——
Jun 241,518361——
Jul 241,576351——
Aug 241,634387——
Sep 241,691270——
Oct 241,744310——
Nov 241,724265——
Dec 241,479274——
Jan 251,616227——
Feb 251,817262——
Mar 251,943317——
Apr 252,046325——
May 252,1353392,135339

Source: GAMLS

17. Days on Market

Single family at 25 days, up 13 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
May 25373025

Source: GAMLS, previously owned

18. Days on Market by County

Douglas highest at 34, Fayette lowest at 16

Single family, pre-owned, May of each year

Source: GAMLS, single family, previously owned

19. Fastest and Slowest-Moving Zips

30317 fastest at 3 days, 30248 slowest at 80

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——
300090——
300160——
300210——
300710——
300720——
300790——
300920——
303400——
303460——
303540——
303600——
303630——
305340——
305480——
306200——
30248—79.5—
30179—69—
30011—68—
30349—62—
30180—60.5—
30291—60—
30236—58.5—
30281—54—
30030—4—
30067—4—
30068—4—
30307—4—
30328—4—
30338—4—
30350—4—
30317—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 3.3 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
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 2533.14.3———
Feb 253.13.24.5———
Mar 253.23.44.7———
Apr 253.33.65———
May 253.33.75.25.23.73.3

Source: GAMLS, previously owned

21. Months of Supply by County

Henry highest at 4.6, Cobb lowest at 2.5

Single family, pre-owned, May of each year

Months of Supply by County: Single family, pre-owned, May of each year
Area202320242025
Henry22.94.6
Rockdale2.134.3
Fulton2.23.14.2
Douglas22.74.1
Clayton1.92.83.8
DeKalb1.92.33.7
Paulding1.92.33.5
Fayette1.51.92.9
Forsyth1.21.52.7
Gwinnett1.71.72.7
Cherokee1.51.72.6
Cobb1.41.52.5

Source: GAMLS, single family, previously owned

25. Pending Ratio

Single family at 30.4%, down 10.2 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 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 250.270.240.19———
Feb 250.310.270.16———
Mar 250.370.290.19———
Apr 250.320.250.17———
May 250.30.230.170.30.230.17

Source: GAMLS, previously owned

26. Pending Ratio by County

Cobb highest at 42.2%, Henry lowest at 19.9%

Single family, pre-owned, May of each year

Pending Ratio by County: Single family, pre-owned, May of each year
Area202320242025
Cobb1.010.630.42
Gwinnett0.860.540.38
Cherokee0.950.50.36
Fayette0.750.560.33
Forsyth1.110.50.32
Clayton0.560.260.29
Paulding0.70.420.28
Rockdale0.440.320.28
DeKalb0.680.380.26
Fulton0.480.310.26
Douglas0.490.260.24
Henry0.560.280.2

Source: GAMLS, single family, previously owned

27. List to Sales Ratio

Single family at 98.4%, down 0.6 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 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 250.990.990.98———
Feb 250.990.990.98———
Mar 250.990.990.98———
Apr 250.990.990.98———
May 250.980.980.980.980.980.98

Source: GAMLS, previously owned

28. List to Sales Ratio by County

Cobb highest at 98.7%, Clayton lowest at 97.7%

Single family, pre-owned, May of each year

List to Sales Ratio by County: Single family, pre-owned, May of each year
Area202320242025
Cobb110.99
Gwinnett10.990.99
Cherokee10.990.99
Henry0.990.990.99
DeKalb0.990.990.98
Forsyth110.98
Paulding0.990.990.98
Fayette0.990.990.98
Fulton0.990.990.98
Douglas0.990.990.98
Rockdale0.990.980.98
Clayton0.990.980.98

Source: GAMLS, single family, previously owned

29. Dollar Volume

Combined at $2.9B, down 1.3% 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
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———
Feb 25$1.81B$1.53B$277.6M———
Mar 25$2.31B$1.98B$332.1M———
Apr 25$2.64B$2.32B$316.8M———
May 25$2.86B$2.52B$342.8M$2.86B$2.52B$342.8M

Source: GAMLS, monthly closed volume

30. Dollar Volume, Pre-Owned

Single family at $2.2B, flat 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 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———
Feb 25$1.32B$135.3M$83.5M———
Mar 25$1.69B$180.0M$111.5M———
Apr 25$2.01B$206.1M$102.0M———
May 25$2.20B$205.7M$116.3M$2.20B$205.7M$116.3M

Source: GAMLS, previously owned

31. Dollar Volume by County

Fulton highest at $552.6M, Rockdale lowest at $25.9M

Single family, pre-owned, May of each year

Dollar Volume by County: Single family, pre-owned, May of each year
Area202320242025
Fulton$472.7M$516.4M$552.6M
Cobb$354.0M$332.3M$368.5M
Gwinnett$352.6M$397.2M$337.3M
DeKalb$270.3M$283.8M$260.1M
Forsyth$147.3M$162.8M$168.5M
Cherokee$156.1M$151.6M$159.2M
Henry$93.7M$84.6M$89.7M
Paulding$75.6M$79.3M$76.5M
Fayette$66.6M$69.7M$73.6M
Clayton$51.6M$55.0M$46.6M
Douglas$46.4M$44.2M$39.2M
Rockdale$26.3M$20.9M$25.9M

Source: GAMLS, single family, previously owned

32. Showings vs Actives vs Pendings

May showings at 49,821, up 29.4% vs May 2024

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———
202438,49814,4655,221———
202549,82120,2975,43549,82120,2975,435

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

33. Showings by County

Fulton led with 10,615 May showings

May of each year, all property types

Showings by County: May of each year, all property types
Area202320242025
Fulton6,5288,23410,615
DeKalb4,1975,1067,718
Gwinnett4,2594,7376,500
Henry4,2894,3305,284
Cobb2,7972,8354,135
Clayton2,9443,2343,093
Fayette1,4731,5702,243
Cherokee1,3531,3381,821
Forsyth9431,0541,806
Douglas1,2361,0691,696
Paulding1,0951,1671,675
Rockdale1,2331,1941,325

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

34. Showings

2.9 showings per listing, 7.4 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 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 258.72.9——
Feb 258.52.9——
Mar 258.13.3——
Apr 257.73——
May 257.42.97.42.9

Source: ShowingTime via GAMLS, previously owned

35. Showings per Listing by County

Fayette highest at 4.6, 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
Area202320242025
Fayette7.25.64.6
Clayton6.74.34.2
Henry6.84.24
Rockdale54.13.2
DeKalb3.82.82.9
Douglas4.12.32.8
Fulton32.42.7
Gwinnett3.82.82.7
Paulding322.2
Cobb3.222
Forsyth3.62.12
Cherokee3.11.91.9

Source: GAMLS, single family, previously owned

36. Showings to Pending by County

Henry highest at 12.9, Forsyth lowest at 2.8

Single family, pre-owned, May of each year

Showings to Pending by County: Single family, pre-owned, May of each year
Area202320242025
Henry15.114.112.9
Fayette14.811.812.7
Clayton17.3911
Rockdale11.412.99.6
DeKalb8.46.97.8
Fulton5.85.86.9
Douglas8.86.16.7
Gwinnett6.65.16.5
Paulding5.646.3
Cobb4.74.64.4
Cherokee4.444.2
Forsyth4.73.62.8

Source: GAMLS, single family, previously owned

37. Showings

1.4 showings per listing, 4.1 to go pending in May

Townhouse, pre-owned, core Atlanta counties

Showings: Townhouse, pre-owned, core Atlanta counties
MonthShowings to PendingShowings per ListingShowingsShowings
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 253.71.8——
Feb 254.51.7——
Mar 254.71.8——
Apr 2541.5——
May 254.11.44.11.4

Source: ShowingTime via GAMLS, previously owned

38. Showings

1.3 showings per listing, 3.9 to go pending in May

Condo, pre-owned, core Atlanta counties

Showings: Condo, pre-owned, core Atlanta counties
MonthShowings to PendingShowings per ListingShowingsShowings
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 254.91.3——
Feb 253.31.2——
Mar 253.61.3——
Apr 254.31.3——
May 253.91.33.91.3

Source: ShowingTime via GAMLS, previously owned

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