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Atlanta's Housing Market Update

September 2024

35 slides · August 2024 data · FMLS and GAMLS

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Every finding, in text

What the September 2024 data shows

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

1. Mortgage Rates

30-yr fixed at 6.35%, down 0.83 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
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 244.51%7.03%——
Jun 244.36%6.86%——
Jul 244.09%6.78%——
Aug 243.91%6.35%——
Sep 243.65%6.35%6.35%3.65%

Source: Freddie Mac PMMS and FRED (DGS10)

2. Median Price

Single family at $420K, up 5.0% from a year ago

Core Atlanta counties, by property type

Median Price: Core Atlanta counties, by property type
MonthSingle FamilyTownhouseCondoMedian PriceMedian PriceMedian Price
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———
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$420,000$368,000$296,750

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
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——
May 24$469,465$405,000——
Jun 24$467,483$408,000——
Jul 24$468,193$410,000——
Aug 24$468,435$410,000$468,435$410,000

Source: GAMLS, single family

4. Median Price by County

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

Single family, pre-owned, Aug of each year

Median Price by County: Single family, pre-owned, Aug of each year
Area202220232024
Forsyth$549,000$567,000$625,000
Fulton$460,000$475,000$513,725
Fayette$422,000$465,000$485,000
Cherokee$425,000$435,000$475,000
Cobb$413,000$420,000$450,000
Gwinnett$397,500$400,000$425,000
DeKalb$380,000$375,000$375,000
Paulding$340,000$336,000$347,783
Henry$325,375$328,000$330,000
Douglas$310,000$300,000$310,000
Rockdale$300,000$295,000$300,000
Clayton$245,000$250,000$250,000

Source: GAMLS, single family, previously owned

5. Where Prices Are Rising and Cooling

Duluth hottest at +15.4%, Stockbridge coolest at -4.1%

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

Where Prices Are Rising and Cooling: Single family, median price year over year by city, Aug 2024, all construction
ZipWhere Prices Are Rising and CoolingWhere Prices Are Rising and Cooling
Duluth0.2—
Johns Creek0.1—
Peachtree Corners0.1—
Mableton0.1—
Alpharetta0.1—
Canton0.1—
Roswell0.1—
Milton0.1—
Hiram0—
Stone Mountain0—
Austell-0—
Atlanta-0—
South Fulton-0—
Fairburn-0—
Hampton-0—
Stockbridge-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

Aug at 8,814, up 19.9% vs Aug 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—
Aug8,5327,3508,8148,814
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 1,188, Rockdale lowest at 142

Single family, pre-owned, Aug of each year

New Listings by County: Single family, pre-owned, Aug of each year
Area202220232024
Fulton1,0861,0261,188
Gwinnett1,1428061,068
DeKalb819692873
Cobb810663816
Henry475393502
Cherokee410333384
Clayton361335353
Forsyth300260345
Paulding317258269
Douglas264184232
Fayette201158170
Rockdale176127142

Source: GAMLS, single family, previously owned

8. Active Listings

Aug at 16,789, up 58.3% vs Aug 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—
Aug12,25110,60316,78916,789
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 2,401, Rockdale lowest at 278

Single family, pre-owned, Aug of each year

Active Listings by County: Single family, pre-owned, Aug of each year
Area202220232024
Fulton1,6251,5782,401
Gwinnett1,6111,0191,687
DeKalb1,1299151,648
Cobb1,0757391,223
Henry626552939
Clayton414481705
Cherokee562395627
Paulding502329549
Forsyth387256507
Douglas384292442
Fayette240189311
Rockdale220216278

Source: GAMLS, single family, previously owned

10. Pending Listings

Aug at 4,629, down 4.3% vs Aug 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—
Aug5,9634,8374,6294,629
Sep4,7544,118——
Oct4,2404,079——
Nov3,6733,493——
Dec3,2623,177——

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

11. Pending Listings by County

Fulton highest at 591, Rockdale lowest at 65

Single family, pre-owned, Aug of each year

Pending Listings by County: Single family, pre-owned, Aug of each year
Area202220232024
Fulton694557591
Gwinnett793605579
Cobb673492486
DeKalb518446439
Cherokee277241244
Henry287256214
Paulding231177177
Forsyth252192176
Clayton256193165
Douglas153117136
Fayette13998100
Rockdale1095865

Source: GAMLS, single family, previously owned

12. Closed Listings

Aug at 4,875, down 8.9% vs Aug 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—
Aug6,2225,3544,8754,875
Sep5,6884,513——
Oct4,8164,256——
Nov4,2483,841——
Dec4,2713,961——

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

13. Closed Listings by County

Fulton highest at 648, Rockdale lowest at 68

Single family, pre-owned, Aug of each year

Closed Listings by County: Single family, pre-owned, Aug of each year
Area202220232024
Fulton768609648
Gwinnett835681635
Cobb652608474
DeKalb553514415
Cherokee305284261
Henry291229216
Forsyth297216194
Clayton245209186
Paulding258184171
Douglas156111117
Fayette149134112
Rockdale898068

Source: GAMLS, single family, previously owned

14. Active to Closed Ratio

13,173 actives, 3.4 for every Aug 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
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 249,9834,228——
May 2411,3054,653——
Jun 2412,1764,076——
Jul 2412,5014,345——
Aug 2413,1733,89313,1733,893

Source: GAMLS

15. Active to Closed Ratio

1,982 actives, 3.3 for every Aug closing

Townhouse, core Atlanta counties, all construction

Active to Closed Ratio: Townhouse, core Atlanta counties, all construction
MonthActiveClosedActive to Closed RatioActive to Closed Ratio
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 241,519602——
May 241,707649——
Jun 241,866542——
Jul 241,896610——
Aug 241,9825951,982595

Source: GAMLS

16. Active to Closed Ratio

1,634 actives, 4.2 for every Aug closing

Condo, core Atlanta counties, all construction

Active to Closed Ratio: Condo, core Atlanta counties, all construction
MonthActiveClosedActive to Closed RatioActive to Closed Ratio
Aug 23879454——
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 241,6343871,634387

Source: GAMLS

17. Days on Market

Single family at 14 days, up 1 day 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
Aug 24191514

Source: GAMLS, previously owned

18. Days on Market by County

Henry highest at 24, Forsyth lowest at 10

Single family, pre-owned, Aug of each year

Source: GAMLS, single family, previously owned

19. Fastest and Slowest-Moving Zips

30005 fastest at 5 days, 30327 slowest at 74

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

Fastest and Slowest-Moving Zips: Single family residences, median days on market of Aug closings, FMLS zip cross-section
ZipFastest and Slowest-Moving ZipsFastest and Slowest-Moving ZipsFastest and Slowest-Moving Zips
300020——
300110——
300160——
300210——
300720——
300790——
301530——
301790——
303390——
303460——
303600——
303630——
305170——
305340——
305480——
306200——
30327—74—
30248—62—
30268—58—
30214—57.5—
30331—57—
30273—54—
30306—51—
30141—50—
30044—7—
30046—7—
30076—7—
30319—6.5—
30009—6—
30318—5.5—
30005—5—
30338—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 2.5 months, up 0.7 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
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 242.11.82.6———
May 242.222.8———
Jun 242.32.13———
Jul 242.42.23.2———
Aug 242.52.43.43.42.52.4

Source: GAMLS, previously owned

21. Months of Supply by County

Fulton highest at 3.5, Cobb lowest at 1.8

Single family, pre-owned, Aug of each year

Months of Supply by County: Single family, pre-owned, Aug of each year
Area202220232024
Fulton1.42.43.5
Henry1.12.13.4
Rockdale1.42.33.3
Clayton1.12.13.1
Douglas1.32.13.1
DeKalb1.21.92.7
Paulding1.11.92.7
Fayette11.52.2
Cherokee11.52
Gwinnett11.61.9
Cobb11.31.8
Forsyth0.91.21.8

Source: GAMLS, single family, previously owned

25. Pending Ratio

Single family at 29.8%, down 19.5 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
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 240.480.490.3———
May 240.410.380.27———
Jun 240.360.380.24———
Jul 240.330.340.23———
Aug 240.30.280.210.30.280.21

Source: GAMLS, previously owned

26. Pending Ratio by County

Cobb highest at 39.7%, Henry lowest at 22.8%

Single family, pre-owned, Aug of each year

Pending Ratio by County: Single family, pre-owned, Aug of each year
Area202220232024
Cobb0.630.670.4
Cherokee0.490.610.39
Forsyth0.650.750.35
Gwinnett0.490.590.34
Paulding0.460.540.32
Fayette0.580.520.32
Douglas0.40.40.31
DeKalb0.460.490.27
Fulton0.430.350.25
Clayton0.620.40.23
Rockdale0.50.270.23
Henry0.460.460.23

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
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 240.990.990.99———
May 240.990.990.99———
Jun 240.990.990.98———
Jul 240.990.990.98———
Aug 240.990.990.980.990.990.98

Source: GAMLS, previously owned

28. List to Sales Ratio by County

Cobb highest at 99.1%, Clayton lowest at 98.0%

Single family, pre-owned, Aug of each year

List to Sales Ratio by County: Single family, pre-owned, Aug of each year
Area202220232024
Cobb1.020.990.99
Forsyth1.030.990.99
Gwinnett1.020.990.99
Cherokee1.020.990.99
DeKalb1.010.990.99
Paulding1.020.990.99
Henry1.020.980.99
Fayette1.010.990.99
Douglas1.010.980.98
Fulton1.010.980.98
Clayton1.020.990.98
Rockdale1.010.980.98

Source: GAMLS, single family, previously owned

29. Dollar Volume

Combined at $2.4B, down 8.8% 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
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———
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$2.38B$2.08B$295.5M

Source: GAMLS, monthly closed volume

30. Dollar Volume, Pre-Owned

Single family at $1.8B, down 8.3% 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
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———
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$1.78B$180.6M$120.3M

Source: GAMLS, previously owned

31. Dollar Volume by County

Fulton highest at $428.0M, Rockdale lowest at $21.9M

Single family, pre-owned, Aug of each year

Dollar Volume by County: Single family, pre-owned, Aug of each year
Area202220232024
Fulton$479.4M$391.5M$428.0M
Gwinnett$380.0M$324.1M$312.9M
Cobb$307.0M$320.1M$244.5M
DeKalb$267.5M$256.2M$200.1M
Cherokee$151.8M$151.8M$152.2M
Forsyth$191.6M$155.1M$130.0M
Henry$106.3M$83.7M$79.1M
Paulding$97.6M$69.2M$65.5M
Fayette$74.0M$71.9M$59.0M
Clayton$65.1M$53.3M$46.6M
Douglas$56.6M$40.6M$39.5M
Rockdale$29.3M$23.2M$21.9M

Source: GAMLS, single family, previously owned

32. Showings vs Actives vs Pendings

Aug showings at 39,510, up 17.7% vs Aug 2023

Aug of each year, all property types

Showings vs Actives vs Pendings: Aug of each year, all property types
AreaShowingsActivesPendingsShowings vs Actives vs PendingsShowings vs Actives vs PendingsShowings vs Actives vs Pendings
202049,78012,5448,201———
202141,0888,7017,782———
202238,31512,2515,963———
202333,56710,6034,837———
202439,51016,7894,62939,51016,7894,629

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

33. Showings by County

Fulton led with 8,188 Aug showings

Aug of each year, all property types

Showings by County: Aug of each year, all property types
Area202220232024
Fulton6,5836,8708,188
DeKalb4,7024,6085,986
Gwinnett5,6994,0264,708
Henry3,9623,9604,366
Cobb3,1152,3953,291
Clayton2,6082,9913,046
Fayette2,0581,5521,720
Cherokee1,1921,0301,404
Forsyth982.2737.71,288
Douglas1,3041,1691,286
Rockdale1,2411,0841,273
Paulding1,250967.81,051

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

34. Showings

2.7 showings per listing, 7.3 to go pending in Aug

Single family, pre-owned, core Atlanta counties

Showings: Single family, pre-owned, core Atlanta counties
MonthShowings to PendingShowings per ListingShowingsShowings
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 247.73.5——
May 2473——
Jun 246.72.8——
Jul 247.12.9——
Aug 247.32.77.32.7

Source: ShowingTime via GAMLS, previously owned

35. Showings per Listing by County

Fayette highest at 4.6, Paulding lowest at 1.6

Single family, pre-owned, Aug of each year

Showings per Listing by County: Single family, pre-owned, Aug of each year
Area202220232024
Fayette6.864.6
Clayton5.15.23.9
Henry4.85.53.8
Rockdale543.4
DeKalb3.13.42.9
Douglas3.13.22.4
Fulton2.52.42.3
Gwinnett2.832.2
Forsyth2.12.42
Cobb2.12.31.9
Cherokee1.71.81.8
Paulding22.21.6

Source: GAMLS, single family, previously owned

36. Showings to Pending by County

Clayton highest at 15.0, Cherokee lowest at 3.5

Single family, pre-owned, Aug of each year

Showings to Pending by County: Single family, pre-owned, Aug of each year
Area202220232024
Clayton10.412.115
Henry11.112.913.7
Fayette14.614.211.2
Rockdale9.311.910.1
Douglas6.887.2
Fulton5.45.66.3
DeKalb5.76.76.2
Gwinnett5.66.15.4
Paulding3.24.14.8
Cobb4.23.94.2
Forsyth4.14.24.1
Cherokee3.13.83.5

Source: GAMLS, single family, previously owned

37. Showings

1.7 showings per listing, 3.9 to go pending in Aug

Townhouse, pre-owned, core Atlanta counties

Showings: Townhouse, pre-owned, core Atlanta counties
MonthShowings to PendingShowings per ListingShowingsShowings
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 244.72.3——
May 245.42.1——
Jun 244.21.8——
Jul 244.31.8——
Aug 243.91.73.91.7

Source: ShowingTime via GAMLS, previously owned

38. Showings

1.4 showings per listing, 4.1 to go pending in Aug

Condo, pre-owned, core Atlanta counties

Showings: Condo, pre-owned, core Atlanta counties
MonthShowings to PendingShowings per ListingShowingsShowings
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 244.21.8——
May 244.51.7——
Jun 244.21.4——
Jul 244.11.3——
Aug 244.11.44.11.4

Source: ShowingTime via GAMLS, previously owned

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