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Atlanta's Housing Market Update

May 2024

35 slides · April 2024 data · FMLS and GAMLS

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Every finding, in text

What the May 2024 data shows

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

1. Mortgage Rates

30-yr fixed at 7.09%, up 0.70 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
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 244.2%6.79%——
Apr 244.69%7.17%——
May 244.5%7.09%7.09%4.5%

Source: Freddie Mac PMMS and FRED (DGS10)

2. Median Price

Single family at $415K, up 2.5% from a year ago

Core Atlanta counties, by property type

Median Price: Core Atlanta counties, by property type
MonthSingle FamilyTownhouseCondoMedian PriceMedian PriceMedian Price
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———
Mar 24$414,000$365,000$292,000———
Apr 24$415,000$365,000$295,000$415,000$365,000$295,000

Source: GAMLS, all construction types

3. Median Price, New Construction vs Pre-Owned

New construction at $472K, $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
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——
Mar 24$469,990$400,000——
Apr 24$471,520$402,000$471,520$402,000

Source: GAMLS, single family

4. Median Price by County

Forsyth highest at $615K, Clayton lowest at $252K

Single family, pre-owned, Apr of each year

Median Price by County: Single family, pre-owned, Apr of each year
Area202220232024
Forsyth$500,000$566,000$615,000
Fulton$450,000$476,000$505,000
Fayette$400,000$448,500$480,000
Cherokee$400,000$435,000$460,000
Cobb$391,000$421,000$436,000
Gwinnett$373,000$405,000$415,000
DeKalb$364,000$383,900$375,000
Paulding$315,000$340,000$345,000
Henry$302,000$335,000$330,000
Douglas$290,000$310,000$310,000
Rockdale$280,000$305,000$300,000
Clayton$225,000$251,000$252,000

Source: GAMLS, single family, previously owned

5. Where Prices Are Rising and Cooling

Brookhaven hottest at +13.0%, Atlanta coolest at -4.3%

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

Where Prices Are Rising and Cooling: Single family, median price year over year by city, Apr 2024, all construction
ZipWhere Prices Are Rising and CoolingWhere Prices Are Rising and Cooling
Brookhaven0.1—
Alpharetta0.1—
Peachtree Corners0.1—
Duluth0.1—
Canton0.1—
Ball Ground0.1—
Roswell0.1—
Peachtree City0.1—
Fairburn-0—
Hiram-0—
Locust Grove-0—
Lithonia-0—
Austell-0—
Hampton-0—
Stockbridge-0—
Atlanta-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

Apr at 8,794, up 34.8% vs Apr 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—
Apr8,1726,5238,7948,794
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 1,284, Rockdale lowest at 128

Single family, pre-owned, Apr of each year

New Listings by County: Single family, pre-owned, Apr of each year
Area202220232024
Fulton1,1398891,284
Gwinnett1,068730979
DeKalb808601920
Cobb899633844
Henry407321421
Cherokee424307410
Forsyth368246350
Clayton282215309
Paulding313185282
Douglas221172203
Fayette190141173
Rockdale12599128

Source: GAMLS, single family, previously owned

8. Active Listings

Apr at 12,818, up 44.7% vs Apr 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—
Apr6,5698,85712,81812,818
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 1,978, Fayette lowest at 209

Single family, pre-owned, Apr of each year

Active Listings by County: Single family, pre-owned, Apr of each year
Area202220232024
Fulton1,0111,3231,978
DeKalb6498041,187
Gwinnett7207551,007
Cobb586574841
Henry301453762
Clayton202351549
Cherokee281295469
Paulding232235414
Douglas177265349
Forsyth195188307
Rockdale136170210
Fayette116143209

Source: GAMLS, single family, previously owned

10. Pending Listings

Apr at 5,452, up 2.3% vs Apr 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—
Apr6,5315,3305,4525,452
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

Gwinnett highest at 763, Rockdale lowest at 79

Single family, pre-owned, Apr of each year

Pending Listings by County: Single family, pre-owned, Apr of each year
Area202220232024
Gwinnett891674763
Fulton868595680
Cobb707622570
DeKalb635502548
Cherokee326248253
Forsyth308212229
Henry328245225
Clayton255196217
Paulding261193190
Douglas204116133
Fayette151111121
Rockdale918279

Source: GAMLS, single family, previously owned

12. Closed Listings

Apr at 5,234, up 4.7% vs Apr 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—
Apr6,5205,0005,2345,234
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 652, Rockdale lowest at 93

Single family, pre-owned, Apr of each year

Closed Listings by County: Single family, pre-owned, Apr of each year
Area202220232024
Gwinnett840613652
Fulton836563614
DeKalb630478548
Cobb706538524
Cherokee283210279
Forsyth271189226
Henry324245223
Clayton234191204
Paulding262220195
Douglas196143116
Fayette138103111
Rockdale928193

Source: GAMLS, single family, previously owned

14. Active to Closed Ratio

9,983 actives, 2.4 for every Apr 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
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 248,7483,190——
Mar 249,1173,883——
Apr 249,9834,2289,9834,228

Source: GAMLS

15. Active to Closed Ratio

1,519 actives, 2.5 for every Apr closing

Townhouse, core Atlanta counties, all construction

Active to Closed Ratio: Townhouse, core Atlanta counties, all construction
MonthActiveClosedActive to Closed RatioActive to Closed Ratio
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 241,361473——
Mar 241,393571——
Apr 241,5196021,519602

Source: GAMLS

16. Active to Closed Ratio

1,316 actives, 3.3 for every Apr closing

Condo, core Atlanta counties, all construction

Active to Closed Ratio: Condo, core Atlanta counties, all construction
MonthActiveClosedActive to Closed RatioActive to Closed Ratio
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 241,184327——
Mar 241,225366——
Apr 241,3164041,316404

Source: GAMLS

17. Days on Market

Single family at 12 days, up 2 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
Apr 24141212

Source: GAMLS, previously owned

18. Days on Market by County

Douglas highest at 20, Forsyth lowest at 7

Single family, pre-owned, Apr of each year

Source: GAMLS, single family, previously owned

19. Fastest and Slowest-Moving Zips

30338 fastest at 2 days, 30354 slowest at 65

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

Fastest and Slowest-Moving Zips: Single family residences, median days on market of Apr closings, FMLS zip cross-section
ZipFastest and Slowest-Moving ZipsFastest and Slowest-Moving ZipsFastest and Slowest-Moving Zips
300020——
300160——
300210——
300710——
300720——
300790——
300920——
301840——
303400——
303460——
303600——
303630——
305170——
305340——
305480——
306200——
30354—65—
30311—59—
30344—58—
30183—48—
30153—47—
30248—46.5—
30315—45.5—
30009—44—
30327—5—
30004—4—
30022—4—
30030—4—
30033—4—
30076—4—
30328—4—
30338—2—
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 2.1 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
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 241.91.72.3———
Mar 2421.72.5———
Apr 242.11.82.62.62.11.8

Source: GAMLS, previously owned

21. Months of Supply by County

Fulton highest at 3.0, Cobb lowest at 1.4

Single family, pre-owned, Apr of each year

Months of Supply by County: Single family, pre-owned, Apr of each year
Area202220232024
Fulton1.32.13
Rockdale1.22.12.9
Clayton11.92.7
Henry0.91.92.7
Douglas1.122.6
DeKalb1.11.82.2
Paulding0.81.92.2
Fayette0.81.41.8
Cherokee0.81.51.7
Gwinnett0.81.61.6
Cobb0.81.41.4
Forsyth0.61.21.4

Source: GAMLS, single family, previously owned

25. Pending Ratio

Single family at 48.4%, down 19.9 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
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 240.450.490.31———
Mar 240.520.580.37———
Apr 240.480.490.30.490.480.3

Source: GAMLS, previously owned

26. Pending Ratio by County

Gwinnett highest at 75.8%, Henry lowest at 29.5%

Single family, pre-owned, Apr of each year

Pending Ratio by County: Single family, pre-owned, Apr of each year
Area202220232024
Gwinnett1.240.890.76
Forsyth1.581.130.75
Cobb1.211.080.68
Fayette1.30.780.58
Cherokee1.160.840.54
DeKalb0.980.620.46
Paulding1.130.820.46
Clayton1.260.560.4
Douglas1.150.440.38
Rockdale0.670.480.38
Fulton0.860.450.34
Henry1.090.540.3

Source: GAMLS, single family, previously owned

27. List to Sales Ratio

Single family at 99.1%, down 0.7 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
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 240.990.990.99———
Mar 240.990.990.99———
Apr 240.990.990.990.990.990.99

Source: GAMLS, previously owned

28. List to Sales Ratio by County

Cobb highest at 99.6%, Clayton lowest at 98.2%

Single family, pre-owned, Apr of each year

List to Sales Ratio by County: Single family, pre-owned, Apr of each year
Area202220232024
Cobb1.0211
Forsyth1.031.011
Gwinnett1.0310.99
Cherokee1.0210.99
DeKalb1.0110.99
Paulding1.020.990.99
Fayette1.0110.99
Douglas1.020.990.99
Fulton1.0110.99
Henry1.0210.99
Clayton1.0210.98
Rockdale1.010.990.98

Source: GAMLS, single family, previously owned

29. Dollar Volume

Combined at $2.6B, up 12.3% 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
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———
Mar 24$2.39B$2.02B$372.6M———
Apr 24$2.62B$2.28B$336.5M$2.62B$2.28B$336.5M

Source: GAMLS, monthly closed volume

30. Dollar Volume, Pre-Owned

Single family at $1.9B, up 14.8% 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
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———
Mar 24$1.71B$196.3M$115.8M———
Apr 24$1.95B$191.7M$141.9M$1.95B$191.7M$141.9M

Source: GAMLS, previously owned

31. Dollar Volume by County

Fulton highest at $426.9M, Rockdale lowest at $30.8M

Single family, pre-owned, Apr of each year

Dollar Volume by County: Single family, pre-owned, Apr of each year
Area202220232024
Fulton$561.0M$354.6M$426.9M
Gwinnett$397.8M$277.5M$317.0M
Cobb$351.9M$263.4M$278.6M
DeKalb$314.2M$218.7M$265.2M
Forsyth$174.7M$124.8M$169.9M
Cherokee$140.2M$118.4M$153.8M
Henry$117.7M$85.4M$79.8M
Paulding$96.6M$77.5M$72.6M
Fayette$66.6M$55.3M$64.3M
Clayton$59.8M$48.3M$53.7M
Douglas$68.0M$47.8M$36.4M
Rockdale$31.9M$25.6M$30.8M

Source: GAMLS, single family, previously owned

32. Showings vs Actives vs Pendings

Apr showings at 39,369, up 10.6% vs Apr 2023

Apr of each year, all property types

Showings vs Actives vs Pendings: Apr of each year, all property types
AreaShowingsActivesPendingsShowings vs Actives vs PendingsShowings vs Actives vs PendingsShowings vs Actives vs Pendings
202036,98417,1655,347———
202145,6677,4747,727———
202238,0126,5696,531———
202335,5948,8575,330———
202439,36912,8185,45239,36912,8185,452

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

33. Showings by County

Fulton led with 8,067 Apr showings

Apr of each year, all property types

Showings by County: Apr of each year, all property types
Area202220232024
Fulton6,4516,4688,067
Henry4,6174,4315,312
DeKalb4,8794,8745,114
Gwinnett5,5024,8083,943
Clayton3,4653,2513,415
Cobb3,0262,5193,161
Fayette2,0911,6371,561
Rockdale1,1901,0341,376
Paulding989.1978.91,211
Douglas1,1711,4371,188
Cherokee1,137951.11,136
Forsyth819.6856.8854.6

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

34. Showings

3.5 showings per listing, 7.7 to go pending in Apr

Single family, pre-owned, core Atlanta counties

Showings: Single family, pre-owned, core Atlanta counties
MonthShowings to PendingShowings per ListingShowingsShowings
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 247.63.6——
Mar 247.93.9——
Apr 247.73.57.73.5

Source: ShowingTime via GAMLS, previously owned

35. Showings per Listing by County

Fayette highest at 6.0, Cherokee lowest at 1.8

Single family, pre-owned, Apr of each year

Showings per Listing by County: Single family, pre-owned, Apr of each year
Area202220232024
Fayette14.18.66
Henry11.67.25.4
Clayton12.37.75.1
Rockdale7.35.15
DeKalb5.64.33.2
Cobb3.83.12.9
Gwinnett6.34.42.9
Douglas5.74.32.8
Fulton3.72.92.6
Paulding3.52.92.4
Forsyth3.43.62.1
Cherokee3.321.8

Source: GAMLS, single family, previously owned

36. Showings to Pending by County

Clayton highest at 16.8, Forsyth lowest at 3.2

Single family, pre-owned, Apr of each year

Showings to Pending by County: Single family, pre-owned, Apr of each year
Area202220232024
Clayton19.616.116.8
Henry17.61614.1
Rockdale13.314.712.9
Fayette18.916.212.1
Douglas8.58.88.3
DeKalb7.99.26.8
Fulton76.85.5
Paulding4.95.65
Gwinnett8.58.24.9
Cobb5.664.7
Cherokee4.12.83.3
Forsyth4.863.2

Source: GAMLS, single family, previously owned

37. Showings

2.3 showings per listing, 4.7 to go pending in Apr

Townhouse, pre-owned, core Atlanta counties

Showings: Townhouse, pre-owned, core Atlanta counties
MonthShowings to PendingShowings per ListingShowingsShowings
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 244.42.4——
Mar 245.22.6——
Apr 244.72.34.72.3

Source: ShowingTime via GAMLS, previously owned

38. Showings

1.8 showings per listing, 4.2 to go pending in Apr

Condo, pre-owned, core Atlanta counties

Showings: Condo, pre-owned, core Atlanta counties
MonthShowings to PendingShowings per ListingShowingsShowings
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 243.91.6——
Mar 244.11.8——
Apr 244.21.84.21.8

Source: ShowingTime via GAMLS, previously owned

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