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Atlanta's Housing Market Update

November 2024

35 slides · October 2024 data · FMLS and GAMLS

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Every finding, in text

What the November 2024 data shows

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

1. Mortgage Rates

30-yr fixed at 6.79%, down 0.97 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
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 244.51%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 244.3%6.79%6.79%4.3%

Source: Freddie Mac PMMS and FRED (DGS10)

2. Median Price

Single family at $420K, up 3.9% from a year ago

Core Atlanta counties, by property type

Median Price: Core Atlanta counties, by property type
MonthSingle FamilyTownhouseCondoMedian PriceMedian PriceMedian Price
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———
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$420,000$370,000$298,000

Source: GAMLS, all construction types

3. Median Price, New Construction vs Pre-Owned

New construction at $467K, $57K 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
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——
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$466,980$410,000

Source: GAMLS, single family

4. Median Price by County

Forsyth highest at $625K, Clayton lowest at $250K

Single family, pre-owned, Oct of each year

Median Price by County: Single family, pre-owned, Oct of each year
Area202220232024
Forsyth$558,295$580,000$625,000
Fulton$465,000$480,000$509,000
Fayette$430,000$465,000$490,000
Cherokee$429,000$442,000$474,900
Cobb$415,700$425,000$450,000
Gwinnett$403,000$401,000$425,000
DeKalb$385,000$375,000$370,000
Paulding$345,550$336,500$347,000
Henry$332,900$326,000$328,250
Douglas$311,000$305,900$310,000
Rockdale$305,000$290,000$300,000
Clayton$250,000$250,000$250,000

Source: GAMLS, single family, previously owned

5. Where Prices Are Rising and Cooling

Peachtree Corners hottest at +17.4%, South Fulton coolest at -4.4%

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

Where Prices Are Rising and Cooling: Single family, median price year over year by city, Oct 2024, all construction
ZipWhere Prices Are Rising and CoolingWhere Prices Are Rising and Cooling
Peachtree Corners0.2—
Mableton0.2—
Duluth0.1—
Milton0.1—
Johns Creek0.1—
Alpharetta0.1—
Waleska0.1—
Lithia Springs0.1—
Forest Park0—
East Point-0—
Loganville-0—
Hampton-0—
Riverdale-0—
Stockbridge-0—
Fairburn-0—
South Fulton-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

Oct at 8,312, up 19.5% vs Oct 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—
Apr8,1726,5238,794—
May9,0047,3899,371—
Jun10,5617,9678,911—
Jul9,2167,1198,413—
Aug8,5327,3508,814—
Sep7,9496,9027,821—
Oct6,9066,9568,3128,312
Nov5,4105,866——
Dec4,2584,090——

Source: GAMLS, monthly totals (SF + TH + Condo)

7. New Listings by County

Fulton highest at 1,139, Rockdale lowest at 127

Single family, pre-owned, Oct of each year

New Listings by County: Single family, pre-owned, Oct of each year
Area202220232024
Fulton8898981,139
Gwinnett872731936
DeKalb678769828
Cobb684614739
Henry398324459
Cherokee292309338
Clayton291302332
Forsyth236233284
Paulding264241284
Douglas177214200
Fayette163143152
Rockdale114118127

Source: GAMLS, single family, previously owned

8. Active Listings

Oct at 17,450, up 47.0% vs Oct 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—
Apr6,5698,85712,818—
May7,4919,04114,465—
Jun10,2259,93115,560—
Jul11,92810,16415,973—
Aug12,25110,60316,789—
Sep13,13511,34217,037—
Oct13,25511,87217,45017,450
Nov12,67812,043——
Dec11,03010,532——

Source: GAMLS, monthly totals (SF + TH + Condo)

9. Active Listings by County

Fulton highest at 2,439, Fayette lowest at 302

Single family, pre-owned, Oct of each year

Active Listings by County: Single family, pre-owned, Oct of each year
Area202220232024
Fulton1,7171,7362,439
Gwinnett1,7521,0771,681
DeKalb1,2011,0621,635
Cobb1,1158011,235
Henry676609967
Clayton459517734
Cherokee539415652
Paulding547422596
Forsyth390275511
Douglas384343450
Rockdale224238305
Fayette250217302

Source: GAMLS, single family, previously owned

10. Pending Listings

Oct at 4,459, up 9.3% vs Oct 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—
Apr6,5315,3305,452—
May6,9695,4885,221—
Jun6,2415,2485,129—
Jul5,6775,0554,799—
Aug5,9634,8374,629—
Sep4,7544,1184,267—
Oct4,2404,0794,4594,459
Nov3,6733,493——
Dec3,2623,177——

Source: GAMLS, monthly totals (SF + TH + Condo)

11. Pending Listings by County

Gwinnett highest at 595, Rockdale lowest at 49

Single family, pre-owned, Oct of each year

Pending Listings by County: Single family, pre-owned, Oct of each year
Area202220232024
Gwinnett551514595
Fulton515492583
DeKalb415422511
Cobb501423491
Cherokee236208207
Henry229171202
Forsyth154151164
Clayton173186159
Paulding145127141
Douglas128114112
Fayette11198103
Rockdale766549

Source: GAMLS, single family, previously owned

12. Closed Listings

Oct at 4,571, up 7.4% vs Oct 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—
Apr6,5205,0005,234—
May6,9815,7645,713—
Jun7,0505,6994,979—
Jul6,0664,9395,306—
Aug6,2225,3544,875—
Sep5,6884,5134,313—
Oct4,8164,2564,5714,571
Nov4,2483,841——
Dec4,2713,961——

Source: GAMLS, monthly totals (SF + TH + Condo)

13. Closed Listings by County

Fulton highest at 625, Rockdale lowest at 73

Single family, pre-owned, Oct of each year

Closed Listings by County: Single family, pre-owned, Oct of each year
Area202220232024
Fulton570516625
Gwinnett595550592
DeKalb469378459
Cobb512440454
Cherokee259219231
Henry241195204
Forsyth202159196
Clayton175173188
Paulding188120145
Douglas141109111
Fayette1018897
Rockdale995473

Source: GAMLS, single family, previously owned

14. Active to Closed Ratio

13,486 actives, 3.6 for every Oct 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
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 249,9834,228——
May 2411,3054,653——
Jun 2412,1764,076——
Jul 2412,5014,345——
Aug 2413,1733,893——
Sep 2413,1583,555——
Oct 2413,4863,76013,4863,760

Source: GAMLS

15. Active to Closed Ratio

2,220 actives, 4.4 for every Oct closing

Townhouse, core Atlanta counties, all construction

Active to Closed Ratio: Townhouse, core Atlanta counties, all construction
MonthActiveClosedActive to Closed RatioActive to Closed Ratio
Oct 231,295524——
Nov 231,381434——
Dec 231,203528——
Jan 241,202371——
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 242,2205012,220501

Source: GAMLS

16. Active to Closed Ratio

1,744 actives, 5.6 for every Oct closing

Condo, core Atlanta counties, all construction

Active to Closed Ratio: Condo, core Atlanta counties, all construction
MonthActiveClosedActive to Closed RatioActive to Closed Ratio
Oct 231,082327——
Nov 231,130288——
Dec 231,035291——
Jan 241,087224——
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 241,7443101,744310

Source: GAMLS

17. Days on Market

Single family at 17 days, up 4 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
Oct 24231817

Source: GAMLS, previously owned

18. Days on Market by County

Douglas highest at 26, Forsyth lowest at 12

Single family, pre-owned, Oct of each year

Source: GAMLS, single family, previously owned

19. Fastest and Slowest-Moving Zips

30305 fastest at 3 days, 30309 slowest at 102

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

Fastest and Slowest-Moving Zips: Single family residences, median days on market of Oct closings, FMLS zip cross-section
ZipFastest and Slowest-Moving ZipsFastest and Slowest-Moving ZipsFastest and Slowest-Moving Zips
300020——
300110——
300160——
300210——
300710——
300720——
300790——
300920——
303460——
303500——
303600——
303630——
305170——
305340——
305480——
306200——
30309—102—
30331—70.5—
30253—66—
30324—64—
30009—61—
30327—56—
30354—53—
30310—52—
30311—12—
30076—11—
30024—10.5—
30114—10.5—
30062—7—
30067—6.5—
30338—4—
30305—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 2.7 months, up 0.9 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
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 242.11.82.6———
May 242.222.8———
Jun 242.32.13———
Jul 242.42.23.2———
Aug 242.52.43.4———
Sep 242.62.53.6———
Oct 242.72.73.83.82.72.7

Source: GAMLS, previously owned

21. Months of Supply by County

Henry highest at 3.8, Cobb lowest at 2.0

Single family, pre-owned, Oct of each year

Months of Supply by County: Single family, pre-owned, Oct of each year
Area202220232024
Henry1.32.23.8
Fulton1.52.53.7
Rockdale1.62.53.5
Clayton1.32.33.4
Douglas1.52.23.3
DeKalb1.41.92.9
Paulding1.41.92.9
Fayette1.11.52.3
Cherokee1.21.42.1
Gwinnett1.31.52.1
Cobb1.11.32
Forsyth11.22

Source: GAMLS, single family, previously owned

25. Pending Ratio

Single family at 28.8%, down 9.7 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
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 240.480.490.3———
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 240.290.240.170.290.240.17

Source: GAMLS, previously owned

26. Pending Ratio by County

Cobb highest at 39.8%, Rockdale lowest at 16.1%

Single family, pre-owned, Oct of each year

Pending Ratio by County: Single family, pre-owned, Oct of each year
Area202220232024
Cobb0.450.530.4
Gwinnett0.310.480.35
Fayette0.440.450.34
Forsyth0.390.550.32
Cherokee0.440.50.32
DeKalb0.350.40.31
Douglas0.330.330.25
Fulton0.30.280.24
Paulding0.270.30.24
Clayton0.380.360.22
Henry0.340.280.21
Rockdale0.340.270.16

Source: GAMLS, single family, previously owned

27. List to Sales Ratio

Single family at 98.6%, down 0.3 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
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 240.990.990.99———
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 240.990.990.980.990.990.98

Source: GAMLS, previously owned

28. List to Sales Ratio by County

Cobb highest at 99.0%, Rockdale lowest at 97.8%

Single family, pre-owned, Oct of each year

List to Sales Ratio by County: Single family, pre-owned, Oct of each year
Area202220232024
Cobb1.020.990.99
Gwinnett1.020.990.99
Forsyth1.030.990.99
Cherokee1.020.990.99
DeKalb1.010.990.99
Paulding1.010.990.99
Henry1.010.990.99
Fayette1.010.990.98
Douglas1.010.990.98
Fulton1.010.980.98
Clayton1.010.980.98
Rockdale10.980.98

Source: GAMLS, single family, previously owned

29. Dollar Volume

Combined at $2.2B, up 9.1% 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
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———
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$2.23B$1.94B$287.3M

Source: GAMLS, monthly closed volume

30. Dollar Volume, Pre-Owned

Single family at $1.7B, up 14.6% 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
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———
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$1.68B$150.7M$108.7M

Source: GAMLS, previously owned

31. Dollar Volume by County

Fulton highest at $403.0M, Rockdale lowest at $23.6M

Single family, pre-owned, Oct of each year

Dollar Volume by County: Single family, pre-owned, Oct of each year
Area202220232024
Fulton$360.6M$336.5M$403.0M
Gwinnett$260.2M$260.2M$273.6M
Cobb$238.0M$217.2M$237.4M
DeKalb$219.5M$173.9M$206.9M
Forsyth$118.2M$110.7M$141.9M
Cherokee$121.0M$114.8M$123.5M
Henry$84.2M$69.3M$74.3M
Fayette$52.3M$45.2M$56.2M
Paulding$65.6M$42.9M$55.1M
Clayton$46.6M$44.3M$50.2M
Douglas$46.0M$36.2M$38.7M
Rockdale$33.5M$18.5M$23.6M

Source: GAMLS, single family, previously owned

32. Showings vs Actives vs Pendings

Oct showings at 40,439, up 35.0% vs Oct 2023

Oct of each year, all property types

Showings vs Actives vs Pendings: Oct of each year, all property types
AreaShowingsActivesPendingsShowings vs Actives vs PendingsShowings vs Actives vs PendingsShowings vs Actives vs Pendings
202046,95211,6457,270———
202141,0218,3147,195———
202234,78113,2554,240———
202329,95811,8724,079———
202440,43917,4504,45940,43917,4504,459

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

33. Showings by County

Fulton led with 8,983 Oct showings

Oct of each year, all property types

Showings by County: Oct of each year, all property types
Area202220232024
Fulton6,0295,8658,983
DeKalb4,3283,6365,875
Gwinnett4,2973,4855,346
Henry3,5263,4994,132
Cobb3,0222,4033,442
Clayton2,6382,6243,055
Fayette1,6961,5301,628
Douglas1,1251,0971,453
Cherokee1,1061,2031,268
Paulding1,275962.11,210
Forsyth932.1695.71,188
Rockdale9319901,013

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

34. Showings

2.7 showings per listing, 7.5 to go pending in Oct

Single family, pre-owned, core Atlanta counties

Showings: Single family, pre-owned, core Atlanta counties
MonthShowings to PendingShowings per ListingShowingsShowings
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 247.73.5——
May 2473——
Jun 246.72.8——
Jul 247.12.9——
Aug 247.32.7——
Sep 247.12.6——
Oct 247.52.77.52.7

Source: ShowingTime via GAMLS, previously owned

35. Showings per Listing by County

Fayette highest at 4.4, Cherokee lowest at 1.5

Single family, pre-owned, Oct of each year

Showings per Listing by County: Single family, pre-owned, Oct of each year
Area202220232024
Fayette5.25.54.4
Clayton4.74.33.7
Henry4.14.33.4
DeKalb2.62.32.9
Douglas2.52.52.7
Fulton2.122.5
Gwinnett22.52.5
Rockdale3.63.32.5
Cobb1.92.32
Forsyth1.821.8
Paulding1.91.81.6
Cherokee1.421.5

Source: GAMLS, single family, previously owned

36. Showings to Pending by County

Fayette highest at 14.1, Cherokee lowest at 3.3

Single family, pre-owned, Oct of each year

Showings to Pending by County: Single family, pre-owned, Oct of each year
Area202220232024
Fayette13.612.414.1
Clayton12.512.113.5
Henry10.413.711.6
Rockdale9.510.47.7
DeKalb7.96.67.4
Gwinnett5.55.86.8
Fulton55.96.5
Douglas6.48.36.2
Cobb43.84.6
Forsyth4.93.54.5
Paulding43.54.1
Cherokee2.72.33.3

Source: GAMLS, single family, previously owned

37. Showings

1.5 showings per listing, 4.5 to go pending in Oct

Townhouse, pre-owned, core Atlanta counties

Showings: Townhouse, pre-owned, core Atlanta counties
MonthShowings to PendingShowings per ListingShowingsShowings
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 244.72.3——
May 245.42.1——
Jun 244.21.8——
Jul 244.31.8——
Aug 243.91.7——
Sep 243.91.4——
Oct 244.51.54.51.5

Source: ShowingTime via GAMLS, previously owned

38. Showings

1.3 showings per listing, 3.6 to go pending in Oct

Condo, pre-owned, core Atlanta counties

Showings: Condo, pre-owned, core Atlanta counties
MonthShowings to PendingShowings per ListingShowingsShowings
Oct 234.11.6——
Nov 233.91.6——
Dec 2361.6——
Jan 243.91.8——
Feb 243.91.6——
Mar 244.11.8——
Apr 244.21.8——
May 244.51.7——
Jun 244.21.4——
Jul 244.11.3——
Aug 244.11.4——
Sep 244.41.2——
Oct 243.61.33.61.3

Source: ShowingTime via GAMLS, previously owned

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