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Atlanta's Housing Market Update

March 2025

35 slides · February 2025 data · FMLS and GAMLS

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Every finding, in text

What the March 2025 data shows

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

1. Mortgage Rates

30-yr fixed at 6.63%, down 0.31 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 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 254.24%6.76%——
Mar 254.22%6.63%6.63%4.22%

Source: Freddie Mac PMMS and FRED (DGS10)

2. Median Price

Single family at $420K, up 2.4% from a year ago

Core Atlanta counties, by property type

Median Price: Core Atlanta counties, by property type
MonthSingle FamilyTownhouseCondoMedian PriceMedian PriceMedian Price
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———
Feb 25$420,000$376,000$299,000$420,000$376,000$299,000

Source: GAMLS, all construction types

3. Median Price, New Construction vs Pre-Owned

New construction at $465K, $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
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——
Feb 25$465,083$411,056$465,083$411,056

Source: GAMLS, single family

4. Median Price by County

Forsyth highest at $629K, Clayton lowest at $249K

Single family, pre-owned, Feb of each year

Median Price by County: Single family, pre-owned, Feb of each year
Area202320242025
Forsyth$575,000$600,000$629,000
Fulton$475,000$500,000$500,000
Fayette$437,250$480,000$499,000
Cherokee$435,000$450,000$480,000
Cobb$420,000$432,500$455,000
Gwinnett$406,000$410,000$429,900
DeKalb$388,000$375,000$367,000
Paulding$349,500$340,000$348,000
Henry$335,460$330,000$325,000
Douglas$314,600$309,450$308,949
Rockdale$310,000$295,000$299,000
Clayton$253,025$250,000$249,000

Source: GAMLS, single family, previously owned

5. Where Prices Are Rising and Cooling

Milton hottest at +14.0%, East Point coolest at -7.4%

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

Where Prices Are Rising and Cooling: Single family, median price year over year by city, Feb 2025, all construction
ZipWhere Prices Are Rising and CoolingWhere Prices Are Rising and Cooling
Milton0.1—
Mableton0.1—
Duluth0.1—
Buford0.1—
Suwanee0.1—
Smyrna0.1—
Peachtree Corners0.1—
Alpharetta0.1—
Fairburn-0—
Stockbridge-0—
Brookhaven-0—
Decatur-0—
McDonough-0—
Riverdale-0—
Forest Park-0.1—
East Point-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 7,830, up 7.6% vs Feb 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—
Feb5,6227,2747,8307,830
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 1,067, Rockdale lowest at 138

Single family, pre-owned, Feb of each year

New Listings by County: Single family, pre-owned, Feb of each year
Area202320242025
Fulton7319881,067
Gwinnett658723835
DeKalb547676746
Cobb520631596
Henry281324386
Cherokee192347317
Clayton258320301
Forsyth189242284
Paulding183254248
Douglas154180168
Fayette119119167
Rockdale103118138

Source: GAMLS, single family, previously owned

8. Active Listings

Feb at 16,431, up 45.5% vs Feb 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—
Feb9,29711,29316,43116,431
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 2,312, Rockdale lowest at 276

Single family, pre-owned, Feb of each year

Active Listings by County: Single family, pre-owned, Feb of each year
Area202320242025
Fulton1,2531,6632,312
DeKalb8391,0081,659
Gwinnett9018751,449
Cobb6197061,056
Henry487624925
Clayton417534683
Cherokee259393521
Paulding342395510
Douglas284293451
Forsyth165229404
Fayette143183283
Rockdale185221276

Source: GAMLS, single family, previously owned

10. Pending Listings

Feb at 4,523, down 2.6% vs Feb 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—
Feb4,7884,6434,5234,523
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 576, Rockdale lowest at 68

Single family, pre-owned, Feb of each year

Pending Listings by County: Single family, pre-owned, Feb of each year
Area202320242025
Fulton502548576
Gwinnett641546548
DeKalb439457450
Cobb508441426
Cherokee204243233
Henry207193207
Paulding203176191
Forsyth187176177
Clayton204188160
Douglas12610799
Fayette897394
Rockdale697368

Source: GAMLS, single family, previously owned

12. Closed Listings

Feb at 3,732, down 6.5% vs Feb 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—
Feb4,1023,9903,7323,732
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

Gwinnett highest at 481, Rockdale lowest at 51

Single family, pre-owned, Feb of each year

Closed Listings by County: Single family, pre-owned, Feb of each year
Area202320242025
Gwinnett561485481
Fulton428455454
Cobb452410383
DeKalb373369363
Cherokee202195196
Henry174162189
Clayton169148138
Forsyth153166131
Paulding154125125
Douglas10312396
Fayette848992
Rockdale604551

Source: GAMLS, single family, previously owned

14. Active to Closed Ratio

12,423 actives, 4.1 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 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 2512,1932,547——
Feb 2512,4233,02312,4233,023

Source: GAMLS

15. Active to Closed Ratio

2,191 actives, 4.9 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 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 252,053387——
Feb 252,1914472,191447

Source: GAMLS

16. Active to Closed Ratio

1,817 actives, 6.9 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 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 251,616227——
Feb 251,8172621,817262

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
Feb 25302521

Source: GAMLS, previously owned

18. Days on Market by County

Douglas highest at 31, Fayette lowest at 14

Single family, pre-owned, Feb of each year

Source: GAMLS, single family, previously owned

19. Fastest and Slowest-Moving Zips

30005 fastest at 4 days, 30327 slowest at 110

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——
300090——
300110——
300160——
300210——
300300——
300670——
300680——
303460——
303500——
303600——
303630——
305170——
305340——
305480——
306200——
30327—109.5—
30252—81—
30310—79.5—
30038—78—
30253—72.5—
30189—72—
30506—72—
30315—71.5—
30084—12—
30345—12—
30066—11.5—
30097—9.5—
30033—9—
30062—6—
30005—4—
30328—4—
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 3.1 months, up 1.2 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 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 2533.14.3———
Feb 253.13.24.54.53.23.1

Source: GAMLS, previously owned

21. Months of Supply by County

Henry highest at 4.4, Cobb lowest at 2.2

Single family, pre-owned, Feb of each year

Months of Supply by County: Single family, pre-owned, Feb of each year
Area202320242025
Henry1.72.44.4
Fulton1.92.84
Rockdale1.92.73.9
Douglas1.82.43.8
Clayton1.72.53.7
DeKalb1.72.13.3
Paulding1.81.93.2
Fayette1.31.62.6
Cherokee1.41.52.4
Gwinnett1.61.52.4
Forsyth1.21.22.3
Cobb1.31.32.2

Source: GAMLS, single family, previously owned

25. Pending Ratio

Single family at 30.7%, down 14.5 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
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 250.270.240.19———
Feb 250.310.270.160.310.270.16

Source: GAMLS, previously owned

26. Pending Ratio by County

Cherokee highest at 44.7%, Douglas lowest at 22.0%

Single family, pre-owned, Feb of each year

Pending Ratio by County: Single family, pre-owned, Feb of each year
Area202320242025
Cherokee0.790.620.45
Forsyth1.130.770.44
Cobb0.820.620.4
Gwinnett0.710.620.38
Paulding0.590.450.37
Fayette0.620.40.33
DeKalb0.520.450.27
Fulton0.40.330.25
Rockdale0.370.330.25
Clayton0.490.350.23
Henry0.430.310.22
Douglas0.440.370.22

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
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 250.990.990.98———
Feb 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, Feb of each year

List to Sales Ratio by County: Single family, pre-owned, Feb of each year
Area202320242025
Cobb1.0110.99
Gwinnett1.010.990.99
Forsyth1.0210.99
Cherokee1.010.990.99
Paulding10.990.99
DeKalb10.990.99
Henry10.990.99
Douglas10.990.98
Fayette10.990.98
Fulton1.010.990.98
Clayton10.980.98
Rockdale0.990.980.98

Source: GAMLS, single family, previously owned

29. Dollar Volume

Combined at $1.8B, down 3.6% 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 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———
Feb 25$1.81B$1.53B$277.6M$1.81B$1.53B$277.6M

Source: GAMLS, monthly closed volume

30. Dollar Volume, Pre-Owned

Single family at $1.3B, down 0.7% 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 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———
Feb 25$1.32B$135.3M$83.5M$1.32B$135.3M$83.5M

Source: GAMLS, previously owned

31. Dollar Volume by County

Fulton highest at $281.5M, Rockdale lowest at $15.3M

Single family, pre-owned, Feb of each year

Dollar Volume by County: Single family, pre-owned, Feb of each year
Area202320242025
Fulton$235.9M$289.6M$281.5M
Gwinnett$238.3M$219.8M$231.4M
Cobb$206.0M$200.1M$196.9M
DeKalb$159.3M$160.2M$167.4M
Cherokee$94.6M$97.4M$104.6M
Forsyth$83.3M$107.7M$83.9M
Henry$57.8M$58.8M$65.0M
Fayette$40.6M$48.9M$57.0M
Paulding$52.7M$46.7M$45.3M
Douglas$31.3M$42.9M$34.4M
Clayton$42.0M$38.3M$32.8M
Rockdale$18.9M$14.4M$15.3M

Source: GAMLS, single family, previously owned

32. Showings vs Actives vs Pendings

Feb showings at 40,470, up 16.9% vs Feb 2024

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———
202434,63211,2934,643———
202540,47016,4314,52340,47016,4314,523

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

33. Showings by County

Fulton led with 8,366 Feb showings

Feb of each year, all property types

Showings by County: Feb of each year, all property types
Area202320242025
Fulton5,9426,9078,366
DeKalb4,1384,7926,110
Gwinnett4,5564,0194,773
Henry4,0224,1754,640
Cobb2,3642,5833,771
Clayton3,2383,0963,000
Douglas1,3481,1311,720
Fayette1,6031,5041,654
Paulding1,5161,1201,310
Rockdale1,2501,2151,255
Cherokee7531,0511,171
Forsyth726.9971.41,142

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

34. Showings

2.9 showings per listing, 8.5 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 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 258.72.9——
Feb 258.52.98.52.9

Source: ShowingTime via GAMLS, previously owned

35. Showings per Listing by County

Fayette highest at 4.5, Cherokee lowest at 1.5

Single family, pre-owned, Feb of each year

Showings per Listing by County: Single family, pre-owned, Feb of each year
Area202320242025
Fayette8.46.84.5
Henry6.253.9
Clayton6.64.93.8
Rockdale5.64.23.4
Douglas43.13.2
DeKalb3.43.42.9
Cobb2.62.72.6
Gwinnett3.83.52.5
Fulton2.82.62.4
Paulding3.22.32.2
Forsyth2.83.42.1
Cherokee1.721.5

Source: GAMLS, single family, previously owned

36. Showings to Pending by County

Clayton highest at 14.6, Cherokee lowest at 4.3

Single family, pre-owned, Feb of each year

Showings to Pending by County: Single family, pre-owned, Feb of each year
Area202320242025
Clayton15.210.614.6
Fayette14.815.412.5
DeKalb6.27.910.6
Henry14.614.210
Rockdale11.310.29.7
Douglas8.36.89.5
Fulton5.96.27.9
Cobb4.54.27.4
Gwinnett75.96.4
Paulding7.25.15.3
Forsyth4.95.55
Cherokee3.74.64.3

Source: GAMLS, single family, previously owned

37. Showings

1.7 showings per listing, 4.5 to go pending in Feb

Townhouse, pre-owned, core Atlanta counties

Showings: Townhouse, pre-owned, core Atlanta counties
MonthShowings to PendingShowings per ListingShowingsShowings
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 253.71.8——
Feb 254.51.74.51.7

Source: ShowingTime via GAMLS, previously owned

38. Showings

1.2 showings per listing, 3.3 to go pending in Feb

Condo, pre-owned, core Atlanta counties

Showings: Condo, pre-owned, core Atlanta counties
MonthShowings to PendingShowings per ListingShowingsShowings
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 254.91.3——
Feb 253.31.23.31.2

Source: ShowingTime via GAMLS, previously owned

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