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Atlanta's Housing Market Update

May 2025

35 slides · April 2025 data · FMLS and GAMLS

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Every finding, in text

What the May 2025 data shows

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

1. Mortgage Rates

30-yr fixed at 6.76%, down 0.46 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 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 254.23%6.65%——
Apr 254.17%6.81%——
May 254.37%6.76%6.76%4.37%

Source: Freddie Mac PMMS and FRED (DGS10)

2. Median Price

Single family at $420K, 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
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———
Mar 25$420,000$375,000$299,000———
Apr 25$420,000$377,000$298,750$420,000$377,000$298,750

Source: GAMLS, all construction types

3. Median Price, New Construction vs Pre-Owned

New construction at $460K, $48K 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 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——
Mar 25$463,340$412,000——
Apr 25$460,245$412,500$460,245$412,500

Source: GAMLS, single family

4. Median Price by County

Forsyth highest at $625K, Clayton lowest at $247K

Single family, pre-owned, Apr of each year

Median Price by County: Single family, pre-owned, Apr of each year
Area202320242025
Forsyth$566,000$615,000$625,000
Fulton$476,000$505,000$505,000
Fayette$448,500$480,000$500,000
Cherokee$435,000$460,000$479,950
Cobb$421,000$436,000$460,000
Gwinnett$405,000$415,000$426,750
DeKalb$383,900$375,000$365,000
Paulding$340,000$345,000$347,000
Henry$335,000$330,000$325,000
Douglas$310,000$310,000$309,900
Rockdale$305,000$300,000$299,000
Clayton$251,000$252,000$247,000

Source: GAMLS, single family, previously owned

5. Where Prices Are Rising and Cooling

Milton hottest at +12.5%, East Point coolest at -10.0%

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

Where Prices Are Rising and Cooling: Single family, median price year over year by city, Apr 2025, all construction
ZipWhere Prices Are Rising and CoolingWhere Prices Are Rising and Cooling
Milton0.1—
Waleska0.1—
Johns Creek0.1—
Auburn0.1—
Atlanta0.1—
Suwanee0.1—
Peachtree Corners0.1—
Duluth0.1—
Conyers-0—
Fairburn-0—
Jonesboro-0—
Riverdale-0—
McDonough-0—
Decatur-0.1—
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

Apr at 10,029, up 14.0% vs Apr 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—
Apr6,5238,79410,02910,029
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 1,370, Rockdale lowest at 133

Single family, pre-owned, Apr of each year

New Listings by County: Single family, pre-owned, Apr of each year
Area202320242025
Fulton8891,2841,370
Gwinnett7309791,192
DeKalb6019201,021
Cobb633844952
Cherokee307410489
Henry321421470
Forsyth246350461
Paulding185282305
Clayton215309295
Douglas172203233
Fayette141173229
Rockdale99128133

Source: GAMLS, single family, previously owned

8. Active Listings

Apr at 18,810, up 46.7% vs Apr 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—
Apr8,85712,81818,81018,810
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 2,622, Rockdale lowest at 304

Single family, pre-owned, Apr of each year

Active Listings by County: Single family, pre-owned, Apr of each year
Area202320242025
Fulton1,3231,9782,622
DeKalb8041,1871,970
Gwinnett7551,0071,776
Cobb5748411,328
Henry453762940
Cherokee295469695
Clayton351549644
Forsyth188307633
Paulding235414579
Douglas265349488
Fayette143209359
Rockdale170210304

Source: GAMLS, single family, previously owned

10. Pending Listings

Apr at 5,308, down 2.6% vs Apr 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—
Apr5,3305,4525,3085,308
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 711, Rockdale lowest at 59

Single family, pre-owned, Apr of each year

Pending Listings by County: Single family, pre-owned, Apr of each year
Area202320242025
Fulton595680711
Gwinnett674763652
Cobb622570606
DeKalb502548574
Cherokee248253263
Henry245225263
Forsyth212229197
Paulding193190184
Clayton196217175
Fayette111121134
Douglas116133132
Rockdale827959

Source: GAMLS, single family, previously owned

12. Closed Listings

Apr at 5,103, down 2.5% vs Apr 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—
Apr5,0005,2345,1035,103
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

Fulton highest at 666, Rockdale lowest at 75

Single family, pre-owned, Apr of each year

Closed Listings by County: Single family, pre-owned, Apr of each year
Area202320242025
Fulton563614666
Gwinnett613652638
DeKalb478548565
Cobb538524532
Cherokee210279254
Henry245223247
Forsyth189226204
Paulding220195183
Clayton191204180
Fayette103111131
Douglas143116118
Rockdale819375

Source: GAMLS, single family, previously owned

14. Active to Closed Ratio

14,335 actives, 3.4 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 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 2512,4233,023——
Mar 2513,0943,717——
Apr 2514,3354,16414,3354,164

Source: GAMLS

15. Active to Closed Ratio

2,429 actives, 4.0 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 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 252,191447——
Mar 252,236590——
Apr 252,4296142,429614

Source: GAMLS

16. Active to Closed Ratio

2,046 actives, 6.3 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 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 251,817262——
Mar 251,943317——
Apr 252,0463252,046325

Source: GAMLS

17. Days on Market

Single family at 23 days, up 11 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 25342723

Source: GAMLS, previously owned

18. Days on Market by County

Douglas highest at 34, Fayette lowest at 16

Single family, pre-owned, Apr of each year

Source: GAMLS, single family, previously owned

19. Fastest and Slowest-Moving Zips

30022 fastest at 4 days, 30180 slowest at 104

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——
300720——
300790——
301530——
301790——
301840——
303360——
303370——
303390——
303460——
303600——
303630——
305170——
306200——
30180—104—
30252—85—
30248—76.5—
30013—74—
30215—68—
30310—65—
30011—62.5—
30088—58—
30076—5—
30338—5—
30341—5—
30342—5—
30005—4.5—
30067—4.5—
30022—4—
30306—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 3.3 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
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 253.13.24.5———
Mar 253.23.44.7———
Apr 253.33.6553.63.3

Source: GAMLS, previously owned

21. Months of Supply by County

Henry highest at 4.5, Cobb lowest at 2.4

Single family, pre-owned, Apr of each year

Months of Supply by County: Single family, pre-owned, Apr of each year
Area202320242025
Henry1.92.74.5
Rockdale2.12.94.2
Fulton2.134.1
Douglas22.64
Clayton1.92.73.8
DeKalb1.82.23.6
Paulding1.92.23.4
Fayette1.41.82.8
Gwinnett1.61.62.6
Cherokee1.51.72.5
Forsyth1.21.42.5
Cobb1.41.42.4

Source: GAMLS, single family, previously owned

25. Pending Ratio

Single family at 32.0%, down 16.4 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 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 250.310.270.16———
Mar 250.370.290.19———
Apr 250.320.250.170.320.250.17

Source: GAMLS, previously owned

26. Pending Ratio by County

Cobb highest at 45.6%, Rockdale lowest at 19.4%

Single family, pre-owned, Apr of each year

Pending Ratio by County: Single family, pre-owned, Apr of each year
Area202320242025
Cobb1.080.680.46
Cherokee0.840.540.38
Fayette0.780.580.37
Gwinnett0.890.760.37
Paulding0.820.460.32
Forsyth1.130.750.31
DeKalb0.620.460.29
Henry0.540.30.28
Clayton0.560.40.27
Fulton0.450.340.27
Douglas0.440.380.27
Rockdale0.480.380.19

Source: GAMLS, single family, previously owned

27. List to Sales Ratio

Single family at 98.5%, 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
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 250.990.990.98———
Mar 250.990.990.98———
Apr 250.990.990.980.990.990.98

Source: GAMLS, previously owned

28. List to Sales Ratio by County

Cobb highest at 98.8%, Clayton lowest at 97.7%

Single family, pre-owned, Apr of each year

List to Sales Ratio by County: Single family, pre-owned, Apr of each year
Area202320242025
Cobb110.99
Gwinnett10.990.99
Cherokee10.990.99
Forsyth1.0110.99
Henry10.990.99
Paulding0.990.990.99
DeKalb10.990.98
Fayette10.990.98
Douglas0.990.990.98
Fulton10.990.98
Rockdale0.990.980.98
Clayton10.980.98

Source: GAMLS, single family, previously owned

29. Dollar Volume

Combined at $2.6B, up 0.7% 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
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———
Mar 25$2.31B$1.98B$332.1M———
Apr 25$2.64B$2.32B$316.8M$2.64B$2.32B$316.8M

Source: GAMLS, monthly closed volume

30. Dollar Volume, Pre-Owned

Single family at $2.0B, up 3.3% 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 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———
Mar 25$1.69B$180.0M$111.5M———
Apr 25$2.01B$206.1M$102.0M$2.01B$206.1M$102.0M

Source: GAMLS, previously owned

31. Dollar Volume by County

Fulton highest at $491.4M, Rockdale lowest at $25.9M

Single family, pre-owned, Apr of each year

Dollar Volume by County: Single family, pre-owned, Apr of each year
Area202320242025
Fulton$354.6M$426.9M$491.4M
Gwinnett$277.5M$317.0M$308.1M
Cobb$263.4M$278.6M$306.9M
DeKalb$218.7M$265.2M$266.0M
Forsyth$124.8M$169.9M$159.7M
Cherokee$118.4M$153.8M$138.9M
Henry$85.4M$79.8M$86.4M
Fayette$55.3M$64.3M$72.6M
Paulding$77.5M$72.6M$71.2M
Clayton$48.3M$53.7M$44.3M
Douglas$47.8M$36.4M$42.1M
Rockdale$25.6M$30.8M$25.9M

Source: GAMLS, single family, previously owned

32. Showings vs Actives vs Pendings

Apr showings at 47,632, up 21.0% vs Apr 2024

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———
202439,36912,8185,452———
202547,63218,8105,30847,63218,8105,308

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

33. Showings by County

Fulton led with 9,742 Apr showings

Apr of each year, all property types

Showings by County: Apr of each year, all property types
Area202320242025
Fulton6,4688,0679,742
DeKalb4,8745,1147,244
Gwinnett4,8083,9435,963
Henry4,4315,3124,525
Cobb2,5193,1613,894
Clayton3,2513,4153,113
Fayette1,6371,5612,373
Paulding978.91,2111,755
Forsyth856.8854.61,711
Cherokee951.11,1361,633
Douglas1,4371,1881,583
Rockdale1,0341,3761,327

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

34. Showings

3.0 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 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 258.52.9——
Mar 258.13.3——
Apr 257.737.73

Source: ShowingTime via GAMLS, previously owned

35. Showings per Listing by County

Fayette highest at 5.4, 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
Area202320242025
Fayette8.665.4
Clayton7.75.14.2
Henry7.25.43.8
Rockdale5.153.2
DeKalb4.33.23
Douglas4.32.82.8
Fulton2.92.62.6
Gwinnett4.42.92.6
Paulding2.92.42.5
Cobb3.12.92.3
Forsyth3.62.12.1
Cherokee21.81.8

Source: GAMLS, single family, previously owned

36. Showings to Pending by County

Henry highest at 13.3, Cherokee lowest at 3.1

Single family, pre-owned, Apr of each year

Showings to Pending by County: Single family, pre-owned, Apr of each year
Area202320242025
Henry1614.113.3
Clayton16.116.812.6
Fayette16.212.112.3
Rockdale14.712.99.2
Douglas8.88.38.6
DeKalb9.26.88.1
Paulding5.658
Fulton6.85.55.9
Gwinnett8.24.95.5
Cobb64.75.1
Forsyth63.24.7
Cherokee2.83.33.1

Source: GAMLS, single family, previously owned

37. Showings

1.5 showings per listing, 4.0 to go pending in Apr

Townhouse, pre-owned, core Atlanta counties

Showings: Townhouse, pre-owned, core Atlanta counties
MonthShowings to PendingShowings per ListingShowingsShowings
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 254.51.7——
Mar 254.71.8——
Apr 2541.541.5

Source: ShowingTime via GAMLS, previously owned

38. Showings

1.3 showings per listing, 4.3 to go pending in Apr

Condo, pre-owned, core Atlanta counties

Showings: Condo, pre-owned, core Atlanta counties
MonthShowings to PendingShowings per ListingShowingsShowings
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 253.31.2——
Mar 253.61.3——
Apr 254.31.34.31.3

Source: ShowingTime via GAMLS, previously owned

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