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Atlanta's Housing Market Update

October 2024

35 slides · September 2024 data · FMLS and GAMLS

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Every finding, in text

What the October 2024 data shows

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

1. Mortgage Rates

30-yr fixed at 6.32%, down 1.17 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
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 244.51%7.03%——
Jun 244.36%6.86%——
Jul 244.09%6.78%——
Aug 243.91%6.35%——
Sep 243.81%6.08%——
Oct 244.09%6.32%6.32%4.09%

Source: Freddie Mac PMMS and FRED (DGS10)

2. Median Price

Single family at $420K, up 4.8% from a year ago

Core Atlanta counties, by property type

Median Price: Core Atlanta counties, by property type
MonthSingle FamilyTownhouseCondoMedian PriceMedian PriceMedian Price
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———
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$420,000$370,000$297,000

Source: GAMLS, all construction types

3. Median Price, New Construction vs Pre-Owned

New construction at $468K, $58K 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
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——
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$468,210$410,000

Source: GAMLS, single family

4. Median Price by County

Forsyth highest at $624K, Clayton lowest at $250K

Single family, pre-owned, Sep of each year

Median Price by County: Single family, pre-owned, Sep of each year
Area202220232024
Forsyth$550,000$575,000$623,950
Fulton$462,000$475,000$515,000
Fayette$425,800$465,000$485,000
Cherokee$425,875$440,000$474,900
Cobb$415,000$420,500$450,000
Gwinnett$400,000$400,000$425,000
DeKalb$383,900$375,000$372,000
Paulding$345,000$336,000$345,000
Henry$330,000$326,500$330,000
Douglas$310,000$300,000$310,000
Rockdale$304,050$295,000$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 +18.7%, South Fulton coolest at -3.6%

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

Where Prices Are Rising and Cooling: Single family, median price year over year by city, Sep 2024, all construction
ZipWhere Prices Are Rising and CoolingWhere Prices Are Rising and Cooling
Peachtree Corners0.2—
Mableton0.2—
Duluth0.2—
Johns Creek0.1—
Canton0.1—
Milton0.1—
Alpharetta0.1—
Roswell0.1—
Loganville0—
Union City-0—
Forest Park-0—
Riverdale-0—
Fairburn-0—
Hampton-0—
Stockbridge-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

Sep at 7,821, up 13.3% vs Sep 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—
Sep7,9496,9027,8217,821
Oct6,9066,956——
Nov5,4105,866——
Dec4,2584,090——

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

7. New Listings by County

Fulton highest at 1,126, Rockdale lowest at 114

Single family, pre-owned, Sep of each year

New Listings by County: Single family, pre-owned, Sep of each year
Area202220232024
Fulton1,0929711,126
Gwinnett1,086799801
DeKalb773637755
Cobb759605707
Henry421365404
Cherokee354275354
Clayton291260303
Forsyth291232269
Paulding281235245
Douglas238193169
Fayette165152131
Rockdale15399114

Source: GAMLS, single family, previously owned

8. Active Listings

Sep at 17,037, up 50.2% vs Sep 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—
Sep13,13511,34217,03717,037
Oct13,25511,872——
Nov12,67812,043——
Dec11,03010,532——

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

9. Active Listings by County

Fulton highest at 2,417, Rockdale lowest at 278

Single family, pre-owned, Sep of each year

Active Listings by County: Single family, pre-owned, Sep of each year
Area202220232024
Fulton1,7421,7252,417
DeKalb1,2109641,646
Gwinnett1,7661,0731,622
Cobb1,1427821,226
Henry677582917
Clayton435481706
Cherokee572401644
Paulding517387558
Forsyth399264499
Douglas412317429
Fayette257215314
Rockdale234219278

Source: GAMLS, single family, previously owned

10. Pending Listings

Sep at 4,267, up 3.6% vs Sep 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—
Sep4,7544,1184,2674,267
Oct4,2404,079——
Nov3,6733,493——
Dec3,2623,177——

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

11. Pending Listings by County

Gwinnett highest at 551, Rockdale lowest at 67

Single family, pre-owned, Sep of each year

Pending Listings by County: Single family, pre-owned, Sep of each year
Area202220232024
Gwinnett626554551
Fulton574483549
Cobb503422457
DeKalb454365436
Cherokee246202226
Henry244206198
Clayton180171181
Forsyth190162179
Paulding192119138
Douglas14010786
Fayette1059083
Rockdale1046267

Source: GAMLS, single family, previously owned

12. Closed Listings

Sep at 4,313, down 4.4% vs Sep 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—
Sep5,6884,5134,3134,313
Oct4,8164,256——
Nov4,2483,841——
Dec4,2713,961——

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

13. Closed Listings by County

Fulton highest at 533, Rockdale lowest at 53

Single family, pre-owned, Sep of each year

Closed Listings by County: Single family, pre-owned, Sep of each year
Area202220232024
Fulton656498533
Gwinnett735575531
Cobb623460467
DeKalb451408443
Cherokee269207220
Henry262249207
Clayton234176158
Paulding208156156
Forsyth238172138
Douglas144116113
Fayette1329593
Rockdale1044953

Source: GAMLS, single family, previously owned

14. Active to Closed Ratio

13,158 actives, 3.7 for every Sep 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
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 249,9834,228——
May 2411,3054,653——
Jun 2412,1764,076——
Jul 2412,5014,345——
Aug 2413,1733,893——
Sep 2413,1583,55513,1583,555

Source: GAMLS

15. Active to Closed Ratio

2,188 actives, 4.5 for every Sep closing

Townhouse, core Atlanta counties, all construction

Active to Closed Ratio: Townhouse, core Atlanta counties, all construction
MonthActiveClosedActive to Closed RatioActive to Closed Ratio
Sep 231,267525——
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 242,1884882,188488

Source: GAMLS

16. Active to Closed Ratio

1,691 actives, 6.3 for every Sep closing

Condo, core Atlanta counties, all construction

Active to Closed Ratio: Condo, core Atlanta counties, all construction
MonthActiveClosedActive to Closed RatioActive to Closed Ratio
Sep 23974407——
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 241,6912701,691270

Source: GAMLS

17. Days on Market

Single family at 15 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
Sep 24211715

Source: GAMLS, previously owned

18. Days on Market by County

Henry highest at 25, Forsyth lowest at 10

Single family, pre-owned, Sep of each year

Source: GAMLS, single family, previously owned

19. Fastest and Slowest-Moving Zips

30328 fastest at 5 days, 30107 slowest at 97

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

Fastest and Slowest-Moving Zips: Single family residences, median days on market of Sep closings, FMLS zip cross-section
ZipFastest and Slowest-Moving ZipsFastest and Slowest-Moving ZipsFastest and Slowest-Moving Zips
300020——
300160——
300210——
300680——
300710——
300720——
300790——
300920——
303450——
303460——
303600——
303630——
305170——
305340——
305480——
306200——
30107—97—
30248—76—
30354—75.5—
30342—69—
30038—61.5—
30009—58—
30153—57—
30337—56.5—
30096—9.5—
30238—9—
30506—9—
30319—8.5—
30022—8—
30082—7.5—
30307—6—
30328—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 2.6 months, up 0.8 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
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 242.11.82.6———
May 242.222.8———
Jun 242.32.13———
Jul 242.42.23.2———
Aug 242.52.43.4———
Sep 242.62.53.63.62.62.5

Source: GAMLS, previously owned

21. Months of Supply by County

Fulton highest at 3.6, Cobb lowest at 1.9

Single family, pre-owned, Sep of each year

Months of Supply by County: Single family, pre-owned, Sep of each year
Area202220232024
Fulton1.52.43.6
Henry1.22.13.6
Rockdale1.52.43.4
Clayton1.22.23.2
Douglas1.42.23.2
DeKalb1.31.92.8
Paulding1.21.92.8
Fayette11.52.3
Cherokee1.11.52.1
Gwinnett1.11.62
Cobb11.31.9
Forsyth0.91.21.9

Source: GAMLS, single family, previously owned

25. Pending Ratio

Single family at 28.0%, down 11.7 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
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 240.480.490.3———
May 240.410.380.27———
Jun 240.360.380.24———
Jul 240.330.340.23———
Aug 240.30.280.21———
Sep 240.280.220.180.280.220.18

Source: GAMLS, previously owned

26. Pending Ratio by County

Cobb highest at 37.3%, Douglas lowest at 20.0%

Single family, pre-owned, Sep of each year

Pending Ratio by County: Single family, pre-owned, Sep of each year
Area202220232024
Cobb0.440.540.37
Forsyth0.480.610.36
Cherokee0.430.50.35
Gwinnett0.350.520.34
DeKalb0.380.380.26
Fayette0.410.420.26
Clayton0.410.360.26
Paulding0.370.310.25
Rockdale0.440.280.24
Fulton0.330.280.23
Henry0.360.350.22
Douglas0.340.340.2

Source: GAMLS, single family, previously owned

27. List to Sales Ratio

Single family at 98.7%, down 0.1 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
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 240.990.990.99———
May 240.990.990.99———
Jun 240.990.990.98———
Jul 240.990.990.98———
Aug 240.990.990.98———
Sep 240.990.990.980.990.990.98

Source: GAMLS, previously owned

28. List to Sales Ratio by County

Cobb highest at 99.1%, Rockdale lowest at 97.9%

Single family, pre-owned, Sep of each year

List to Sales Ratio by County: Single family, pre-owned, Sep of each year
Area202220232024
Cobb1.020.990.99
Forsyth1.030.990.99
Gwinnett1.020.990.99
Cherokee1.020.990.99
DeKalb1.010.990.99
Paulding1.010.990.99
Henry1.010.990.99
Fayette1.010.990.99
Douglas1.010.990.98
Fulton1.010.980.98
Clayton1.010.980.98
Rockdale1.010.980.98

Source: GAMLS, single family, previously owned

29. Dollar Volume

Combined at $2.1B, flat 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
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———
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$2.14B$1.82B$321.1M

Source: GAMLS, monthly closed volume

30. Dollar Volume, Pre-Owned

Single family at $1.6B, up 3.7% 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
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———
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$1.59B$146.0M$86.4M

Source: GAMLS, previously owned

31. Dollar Volume by County

Fulton highest at $371.4M, Rockdale lowest at $19.4M

Single family, pre-owned, Sep of each year

Dollar Volume by County: Single family, pre-owned, Sep of each year
Area202220232024
Fulton$405.7M$317.1M$371.4M
Gwinnett$335.9M$268.8M$258.7M
Cobb$292.4M$225.8M$250.1M
DeKalb$217.4M$195.8M$211.7M
Cherokee$135.7M$110.3M$118.1M
Forsyth$140.3M$112.8M$93.9M
Henry$93.6M$90.7M$75.4M
Paulding$74.1M$59.7M$57.3M
Fayette$67.9M$50.4M$55.1M
Clayton$61.6M$46.4M$40.1M
Douglas$48.0M$39.6M$38.8M
Rockdale$35.7M$15.9M$19.4M

Source: GAMLS, single family, previously owned

32. Showings vs Actives vs Pendings

Sep showings at 37,987, up 37.6% vs Sep 2023

Sep of each year, all property types

Showings vs Actives vs Pendings: Sep of each year, all property types
AreaShowingsActivesPendingsShowings vs Actives vs PendingsShowings vs Actives vs PendingsShowings vs Actives vs Pendings
202046,21812,1067,192———
202141,9648,7116,952———
202236,85813,1354,754———
202327,59911,3424,118———
202437,98717,0374,26737,98717,0374,267

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

33. Showings by County

Fulton led with 7,871 Sep showings

Sep of each year, all property types

Showings by County: Sep of each year, all property types
Area202220232024
Fulton5,8725,2457,871
DeKalb4,6343,5985,489
Gwinnett5,0343,2425,131
Henry4,0453,0604,169
Clayton2,7002,2493,005
Cobb3,0002,3102,873
Fayette2,0011,3311,499
Cherokee1,194853.81,383
Douglas1,1891,0621,240
Rockdale1,0058641,072
Paulding1,316793.41,064
Forsyth1,322694.81,057

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

34. Showings

2.6 showings per listing, 7.1 to go pending in Sep

Single family, pre-owned, core Atlanta counties

Showings: Single family, pre-owned, core Atlanta counties
MonthShowings to PendingShowings per ListingShowingsShowings
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 247.73.5——
May 2473——
Jun 246.72.8——
Jul 247.12.9——
Aug 247.32.7——
Sep 247.12.67.12.6

Source: ShowingTime via GAMLS, previously owned

35. Showings per Listing by County

Fayette highest at 4.0, Cherokee lowest at 1.6

Single family, pre-owned, Sep of each year

Showings per Listing by County: Single family, pre-owned, Sep of each year
Area202220232024
Fayette6.14.84
Clayton5.243.7
Henry4.73.93.6
Rockdale3.92.82.9
DeKalb2.82.62.7
Douglas2.62.72.5
Gwinnett2.42.32.4
Fulton2.11.92.2
Cobb1.92.21.8
Forsyth2.52.31.7
Cherokee1.51.51.6
Paulding2.11.61.6

Source: GAMLS, single family, previously owned

36. Showings to Pending by County

Henry highest at 11.7, Cobb lowest at 3.5

Single family, pre-owned, Sep of each year

Showings to Pending by County: Single family, pre-owned, Sep of each year
Area202220232024
Henry12.512.411.7
Fayette13.39.410.6
Clayton10.513.710.2
Rockdale7.710.310.1
DeKalb6.48.78.7
Fulton5.65.37
Douglas6.56.56.8
Gwinnett5.54.85.2
Cherokee3.42.34.8
Paulding4.83.84.8
Forsyth4.24.14.2
Cobb3.74.73.5

Source: GAMLS, single family, previously owned

37. Showings

1.4 showings per listing, 3.9 to go pending in Sep

Townhouse, pre-owned, core Atlanta counties

Showings: Townhouse, pre-owned, core Atlanta counties
MonthShowings to PendingShowings per ListingShowingsShowings
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 244.72.3——
May 245.42.1——
Jun 244.21.8——
Jul 244.31.8——
Aug 243.91.7——
Sep 243.91.43.91.4

Source: ShowingTime via GAMLS, previously owned

38. Showings

1.2 showings per listing, 4.4 to go pending in Sep

Condo, pre-owned, core Atlanta counties

Showings: Condo, pre-owned, core Atlanta counties
MonthShowings to PendingShowings per ListingShowingsShowings
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 244.21.8——
May 244.51.7——
Jun 244.21.4——
Jul 244.11.3——
Aug 244.11.4——
Sep 244.41.24.41.2

Source: ShowingTime via GAMLS, previously owned

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