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Atlanta's Housing Market Update

March 2024

35 slides · February 2024 data · FMLS and GAMLS

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Every finding, in text

What the March 2024 data shows

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

1. Mortgage Rates

30-yr fixed at 6.88%, up 0.23 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
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 244.25%6.94%——
Mar 244.09%6.88%6.88%4.09%

Source: Freddie Mac PMMS and FRED (DGS10)

2. Median Price

Single family at $410K, up 1.2% from a year ago

Core Atlanta counties, by property type

Median Price: Core Atlanta counties, by property type
MonthSingle FamilyTownhouseCondoMedian PriceMedian PriceMedian Price
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———
Feb 24$410,000$360,000$289,920$410,000$360,000$289,920

Source: GAMLS, all construction types

3. Median Price, New Construction vs Pre-Owned

New construction at $470K, $70K 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
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——
Feb 24$469,900$400,000$469,900$400,000

Source: GAMLS, single family

4. Median Price by County

Forsyth highest at $600K, Clayton lowest at $250K

Single family, pre-owned, Feb of each year

Median Price by County: Single family, pre-owned, Feb of each year
Area202220232024
Forsyth$476,000$575,000$600,000
Fulton$441,000$475,000$500,000
Fayette$399,000$437,250$480,000
Cherokee$385,000$435,000$450,000
Cobb$385,000$420,000$432,500
Gwinnett$360,000$406,000$410,000
DeKalb$355,000$388,000$375,000
Paulding$301,000$349,500$340,000
Henry$290,000$335,460$330,000
Douglas$277,000$314,600$309,450
Rockdale$270,000$310,000$295,000
Clayton$212,000$253,025$250,000

Source: GAMLS, single family, previously owned

5. Where Prices Are Rising and Cooling

Brookhaven hottest at +16.1%, Atlanta coolest at -5.5%

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

Where Prices Are Rising and Cooling: Single family, median price year over year by city, Feb 2024, all construction
ZipWhere Prices Are Rising and CoolingWhere Prices Are Rising and Cooling
Brookhaven0.2—
Auburn0.1—
Alpharetta0.1—
Peachtree City0.1—
Canton0.1—
Forest Park0.1—
Ball Ground0.1—
Tucker0.1—
Jonesboro-0—
Lithia Springs-0—
Decatur-0—
Austell-0—
Conyers-0—
Lithonia-0—
Hiram-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

Feb at 7,274, up 29.4% vs Feb 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—
Feb6,4995,6227,2747,274
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 988, Rockdale lowest at 118

Single family, pre-owned, Feb of each year

New Listings by County: Single family, pre-owned, Feb of each year
Area202220232024
Fulton897731988
Gwinnett766658723
DeKalb619547676
Cobb633520631
Cherokee301192347
Henry344281324
Clayton253258320
Paulding268183254
Forsyth231189242
Douglas211154180
Fayette149119119
Rockdale113103118

Source: GAMLS, single family, previously owned

8. Active Listings

Feb at 11,293, up 21.5% vs Feb 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—
Feb5,4559,29711,29311,293
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 1,663, Fayette lowest at 183

Single family, pre-owned, Feb of each year

Active Listings by County: Single family, pre-owned, Feb of each year
Area202220232024
Fulton8361,2531,663
DeKalb5328391,008
Gwinnett550901875
Cobb456619706
Henry245487624
Clayton224417534
Paulding195342395
Cherokee210259393
Douglas208284293
Forsyth113165229
Rockdale126185221
Fayette105143183

Source: GAMLS, single family, previously owned

10. Pending Listings

Feb at 4,643, down 3.0% vs Feb 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—
Feb6,0214,7884,6434,643
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

Fulton highest at 548, Fayette lowest at 73

Single family, pre-owned, Feb of each year

Pending Listings by County: Single family, pre-owned, Feb of each year
Area202220232024
Fulton743502548
Gwinnett777641546
DeKalb546439457
Cobb621508441
Cherokee294204243
Henry328207193
Clayton227204188
Forsyth227187176
Paulding253203176
Douglas180126107
Fayette1328973
Rockdale1076973

Source: GAMLS, single family, previously owned

12. Closed Listings

Feb at 3,990, down 2.7% vs Feb 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—
Feb5,2904,1023,9903,990
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 485, Rockdale lowest at 45

Single family, pre-owned, Feb of each year

Closed Listings by County: Single family, pre-owned, Feb of each year
Area202220232024
Gwinnett652561485
Fulton657428455
Cobb584452410
DeKalb494373369
Cherokee262202195
Forsyth175153166
Henry282174162
Clayton209169148
Paulding182154125
Douglas150103123
Fayette1378489
Rockdale916045

Source: GAMLS, single family, previously owned

14. Active to Closed Ratio

8,748 actives, 2.7 for every Feb 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
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 248,2562,526——
Feb 248,7483,1908,7483,190

Source: GAMLS

15. Active to Closed Ratio

1,361 actives, 2.9 for every Feb closing

Townhouse, core Atlanta counties, all construction

Active to Closed Ratio: Townhouse, core Atlanta counties, all construction
MonthActiveClosedActive to Closed RatioActive to Closed Ratio
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 241,202371——
Feb 241,3614731,361473

Source: GAMLS

16. Active to Closed Ratio

1,184 actives, 3.6 for every Feb closing

Condo, core Atlanta counties, all construction

Active to Closed Ratio: Condo, core Atlanta counties, all construction
MonthActiveClosedActive to Closed RatioActive to Closed Ratio
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 241,087224——
Feb 241,1843271,184327

Source: GAMLS

17. Days on Market

Single family at 12 days, up 3 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
Feb 24141211

Source: GAMLS, previously owned

18. Days on Market by County

Douglas highest at 20, Forsyth lowest at 8

Single family, pre-owned, Feb of each year

Source: GAMLS, single family, previously owned

19. Fastest and Slowest-Moving Zips

30030 fastest at 5 days, 30180 slowest at 85

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

Fastest and Slowest-Moving Zips: Single family residences, median days on market of Feb closings, FMLS zip cross-section
ZipFastest and Slowest-Moving ZipsFastest and Slowest-Moving ZipsFastest and Slowest-Moving Zips
300020——
300050——
300110——
300160——
300210——
300710——
300720——
300790——
303460——
303500——
303600——
303630——
305170——
305340——
305480——
306200——
30180—85—
30281—73.5—
30187—72—
30107—67.5—
30052—66.5—
30032—63—
30310—61—
30141—60.5—
30024—8—
30188—8—
30306—8—
30009—7—
30022—7—
30040—5.5—
30030—5—
30033—5—
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 0.3 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
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 241.91.62.2———
Feb 241.91.72.32.31.91.7

Source: GAMLS, previously owned

21. Months of Supply by County

Fulton highest at 2.8, Forsyth lowest at 1.2

Single family, pre-owned, Feb of each year

Months of Supply by County: Single family, pre-owned, Feb of each year
Area202220232024
Fulton1.31.92.8
Rockdale1.11.92.7
Clayton11.72.5
Douglas1.11.82.4
Henry0.91.72.4
DeKalb1.11.72.1
Paulding0.81.81.9
Fayette0.81.31.6
Cherokee0.81.41.5
Gwinnett0.81.61.5
Cobb0.81.31.3
Forsyth0.61.21.2

Source: GAMLS, single family, previously owned

25. Pending Ratio

Single family at 45.2%, down 12.1 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
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 240.440.510.35———
Feb 240.450.490.310.490.450.31

Source: GAMLS, previously owned

26. Pending Ratio by County

Forsyth highest at 76.9%, Henry lowest at 30.9%

Single family, pre-owned, Feb of each year

Pending Ratio by County: Single family, pre-owned, Feb of each year
Area202220232024
Forsyth2.011.130.77
Cobb1.360.820.62
Gwinnett1.410.710.62
Cherokee1.40.790.62
DeKalb1.030.520.45
Paulding1.30.590.45
Fayette1.260.620.4
Douglas0.870.440.37
Clayton1.010.490.35
Rockdale0.850.370.33
Fulton0.890.40.33
Henry1.340.430.31

Source: GAMLS, single family, previously owned

27. List to Sales Ratio

Single family at 99.0%, down 1.5 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
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 240.990.990.99———
Feb 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, Feb of each year

List to Sales Ratio by County: Single family, pre-owned, Feb of each year
Area202220232024
Cobb1.021.011
Forsyth1.021.021
DeKalb1.0110.99
Gwinnett1.021.010.99
Cherokee1.021.010.99
Fayette110.99
Paulding1.0210.99
Henry1.0110.99
Douglas1.0110.99
Fulton1.011.010.99
Clayton1.0210.98
Rockdale1.010.990.98

Source: GAMLS, single family, previously owned

29. Dollar Volume

Combined at $1.9B, up 6.5% 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
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———
Feb 24$1.88B$1.57B$312.4M$1.88B$1.57B$312.4M

Source: GAMLS, monthly closed volume

30. Dollar Volume, Pre-Owned

Single family at $1.3B, up 5.1% 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
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———
Feb 24$1.32B$142.1M$100.5M$1.32B$142.1M$100.5M

Source: GAMLS, previously owned

31. Dollar Volume by County

Fulton highest at $289.6M, Rockdale lowest at $14.4M

Single family, pre-owned, Feb of each year

Dollar Volume by County: Single family, pre-owned, Feb of each year
Area202220232024
Fulton$349.1M$235.9M$289.6M
Gwinnett$282.2M$238.3M$219.8M
Cobb$262.6M$206.0M$200.1M
DeKalb$216.8M$159.3M$160.2M
Forsyth$103.6M$83.3M$107.7M
Cherokee$121.6M$94.6M$97.4M
Henry$98.9M$57.8M$58.8M
Fayette$63.4M$40.6M$48.9M
Paulding$62.3M$52.7M$46.7M
Douglas$46.9M$31.3M$42.9M
Clayton$51.4M$42.0M$38.3M
Rockdale$28.8M$18.9M$14.4M

Source: GAMLS, single family, previously owned

32. Showings vs Actives vs Pendings

Feb showings at 34,632, up 2.6% vs Feb 2023

Feb of each year, all property types

Showings vs Actives vs Pendings: Feb of each year, all property types
AreaShowingsActivesPendingsShowings vs Actives vs PendingsShowings vs Actives vs PendingsShowings vs Actives vs Pendings
202044,69715,6376,368———
202138,0707,0286,552———
202235,8945,4556,021———
202333,7669,2974,788———
202434,63211,2934,64334,63211,2934,643

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

33. Showings by County

Fulton led with 6,907 Feb showings

Feb of each year, all property types

Showings by County: Feb of each year, all property types
Area202220232024
Fulton6,7005,9426,907
DeKalb4,4814,1384,792
Henry4,2464,0224,175
Gwinnett4,4024,5564,019
Clayton3,2993,2383,096
Cobb3,3622,3642,583
Fayette1,8891,6031,504
Rockdale1,2431,2501,215
Douglas1,3251,3481,131
Paulding909.51,5161,120
Cherokee931.37531,051
Forsyth937.1726.9971.4

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

34. Showings

3.6 showings per listing, 7.6 to go pending in Feb

Single family, pre-owned, core Atlanta counties

Showings: Single family, pre-owned, core Atlanta counties
MonthShowings to PendingShowings per ListingShowingsShowings
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 247.73.4——
Feb 247.63.67.63.6

Source: ShowingTime via GAMLS, previously owned

35. Showings per Listing by County

Fayette highest at 6.8, Cherokee lowest at 2.0

Single family, pre-owned, Feb of each year

Showings per Listing by County: Single family, pre-owned, Feb of each year
Area202220232024
Fayette13.68.46.8
Henry13.26.25
Clayton12.16.64.9
Rockdale9.35.64.2
Gwinnett6.43.83.5
DeKalb6.33.43.4
Forsyth6.82.83.4
Douglas5.643.1
Cobb5.72.62.7
Fulton52.82.6
Paulding4.13.22.3
Cherokee3.41.72

Source: GAMLS, single family, previously owned

36. Showings to Pending by County

Fayette highest at 15.4, Cobb lowest at 4.2

Single family, pre-owned, Feb of each year

Showings to Pending by County: Single family, pre-owned, Feb of each year
Area202220232024
Fayette16.514.815.4
Henry1914.614.2
Clayton19.815.210.6
Rockdale16.711.310.2
DeKalb10.16.27.9
Douglas9.18.36.8
Fulton7.55.96.2
Gwinnett8.875.9
Forsyth7.94.95.5
Paulding5.77.25.1
Cherokee4.63.74.6
Cobb7.24.54.2

Source: GAMLS, single family, previously owned

37. Showings

2.4 showings per listing, 4.4 to go pending in Feb

Townhouse, pre-owned, core Atlanta counties

Showings: Townhouse, pre-owned, core Atlanta counties
MonthShowings to PendingShowings per ListingShowingsShowings
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 245.12.2——
Feb 244.42.44.42.4

Source: ShowingTime via GAMLS, previously owned

38. Showings

1.6 showings per listing, 3.9 to go pending in Feb

Condo, pre-owned, core Atlanta counties

Showings: Condo, pre-owned, core Atlanta counties
MonthShowings to PendingShowings per ListingShowingsShowings
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 243.91.8——
Feb 243.91.63.91.6

Source: ShowingTime via GAMLS, previously owned

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