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Atlanta's Housing Market Update

September 2025

35 slides · August 2025 data · FMLS and GAMLS

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Every finding, in text

What the September 2025 data shows

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

1. Mortgage Rates

30-yr fixed at 6.50%, up 0.15 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 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 254.41%6.89%——
Jun 254.24%6.77%——
Jul 254.37%6.72%——
Aug 254.23%6.56%——
Sep 254.04%6.5%6.5%4.04%

Source: Freddie Mac PMMS and FRED (DGS10)

2. Median Price

Single family at $420K, flat from a year ago

Core Atlanta counties, by property type

Median Price: Core Atlanta counties, by property type
MonthSingle FamilyTownhouseCondoMedian PriceMedian PriceMedian Price
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———
May 25$420,000$375,000$299,000———
Jun 25$420,000$375,000$295,000———
Jul 25$420,000$373,375$295,000———
Aug 25$420,000$375,000$291,500$420,000$375,000$291,500

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 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——
May 25$461,895$412,000——
Jun 25$465,250$410,000——
Jul 25$466,934$410,000——
Aug 25$468,486$410,000$468,486$410,000

Source: GAMLS, single family

4. Median Price by County

Forsyth highest at $632K, Clayton lowest at $245K

Single family, pre-owned, Aug of each year

Median Price by County: Single family, pre-owned, Aug of each year
Area202320242025
Forsyth$567,000$625,000$632,000
Fayette$465,000$485,000$505,000
Fulton$475,000$513,725$505,000
Cherokee$435,000$475,000$485,000
Cobb$420,000$450,000$460,000
Gwinnett$400,000$425,000$425,000
DeKalb$375,000$375,000$355,600
Paulding$336,000$347,783$347,000
Henry$328,000$330,000$320,000
Douglas$300,000$310,000$310,000
Rockdale$295,000$300,000$300,000
Clayton$250,000$250,000$245,000

Source: GAMLS, single family, previously owned

5. Where Prices Are Rising and Cooling

Woodstock hottest at +8.8%, Decatur coolest at -12.4%

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

Where Prices Are Rising and Cooling: Single family, median price year over year by city, Aug 2025, all construction
ZipWhere Prices Are Rising and CoolingWhere Prices Are Rising and Cooling
Woodstock0.1—
Ball Ground0.1—
Sandy Springs0.1—
Milton0.1—
Atlanta0.1—
Brookhaven0.1—
South Fulton0.1—
Smyrna0—
Powder Springs-0—
Canton-0—
Tucker-0.1—
Riverdale-0.1—
Lithia Springs-0.1—
McDonough-0.1—
Forest Park-0.1—
Decatur-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

Aug at 8,273, down 6.1% vs Aug 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—
Apr6,5238,79410,029—
May7,3899,37110,476—
Jun7,9678,9119,498—
Jul7,1198,4139,309—
Aug7,3508,8148,2738,273
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 1,064, Rockdale lowest at 147

Single family, pre-owned, Aug of each year

New Listings by County: Single family, pre-owned, Aug of each year
Area202320242025
Fulton1,0261,1881,064
Gwinnett8061,068935
DeKalb692873787
Cobb663816744
Henry393502410
Cherokee333384386
Forsyth260345305
Paulding258269291
Clayton335353290
Douglas184232182
Fayette158170165
Rockdale127142147

Source: GAMLS, single family, previously owned

8. Active Listings

Aug at 20,840, up 24.1% vs Aug 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—
Apr8,85712,81818,810—
May9,04114,46520,297—
Jun9,93115,56020,895—
Jul10,16415,97321,328—
Aug10,60316,78920,84020,840
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 2,764, Rockdale lowest at 351

Single family, pre-owned, Aug of each year

Active Listings by County: Single family, pre-owned, Aug of each year
Area202320242025
Fulton1,5782,4012,764
DeKalb9151,6482,275
Gwinnett1,0191,6872,076
Cobb7391,2231,466
Henry552939998
Cherokee395627840
Forsyth256507754
Clayton481705696
Paulding329549677
Douglas292442515
Fayette189311361
Rockdale216278351

Source: GAMLS, single family, previously owned

10. Pending Listings

Aug at 4,771, up 3.1% vs Aug 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—
Apr5,3305,4525,308—
May5,4885,2215,435—
Jun5,2485,1295,034—
Jul5,0554,7994,703—
Aug4,8374,6294,7714,771
Sep4,1184,267——
Oct4,0794,459——
Nov3,4933,936——
Dec3,1773,256——

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

11. Pending Listings by County

Gwinnett highest at 607, Rockdale lowest at 59

Single family, pre-owned, Aug of each year

Pending Listings by County: Single family, pre-owned, Aug of each year
Area202320242025
Gwinnett605579607
Fulton557591577
Cobb492486539
DeKalb446439510
Cherokee241244262
Henry256214218
Forsyth192176194
Clayton193165172
Paulding177177166
Fayette98100118
Douglas117136108
Rockdale586559

Source: GAMLS, single family, previously owned

12. Closed Listings

Aug at 4,640, down 4.8% vs Aug 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—
Apr5,0005,2345,103—
May5,7645,7135,509—
Jun5,6994,9795,559—
Jul4,9395,3065,178—
Aug5,3544,8754,6404,640
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 591, Rockdale lowest at 63

Single family, pre-owned, Aug of each year

Closed Listings by County: Single family, pre-owned, Aug of each year
Area202320242025
Fulton609648591
Cobb608474548
Gwinnett681635546
DeKalb514415497
Cherokee284261255
Forsyth216194188
Henry229216187
Paulding184171185
Clayton209186158
Fayette134112123
Douglas111117111
Rockdale806863

Source: GAMLS, single family, previously owned

14. Active to Closed Ratio

16,006 actives, 4.2 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 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 2514,3354,164——
May 2515,6234,502——
Jun 2516,0774,602——
Jul 2516,3654,294——
Aug 2516,0063,81616,0063,816

Source: GAMLS

15. Active to Closed Ratio

2,686 actives, 5.2 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 241,982595——
Sep 242,188488——
Oct 242,220501——
Nov 242,122484——
Dec 241,866546——
Jan 252,053387——
Feb 252,191447——
Mar 252,236590——
Apr 252,429614——
May 252,539668——
Jun 252,618614——
Jul 252,750557——
Aug 252,6865202,686520

Source: GAMLS

16. Active to Closed Ratio

2,148 actives, 7.1 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 241,634387——
Sep 241,691270——
Oct 241,744310——
Nov 241,724265——
Dec 241,479274——
Jan 251,616227——
Feb 251,817262——
Mar 251,943317——
Apr 252,046325——
May 252,135339——
Jun 252,200343——
Jul 252,213327——
Aug 252,1483042,148304

Source: GAMLS

17. Days on Market

Single family at 28 days, up 14 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
Aug 25433628

Source: GAMLS, previously owned

18. Days on Market by County

Rockdale highest at 39, Fayette lowest at 19

Single family, pre-owned, Aug of each year

Source: GAMLS, single family, previously owned

19. Fastest and Slowest-Moving Zips

30306 fastest at 4 days, 30253 slowest at 76

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——
300090——
300110——
300120——
300160——
300210——
300710——
300720——
303460——
303540——
303600——
303630——
305170——
305340——
305480——
306200——
30253—76—
30314—67—
30337—65—
30281—64—
30052—63—
30311—62—
30028—59—
30122—58.5—
30338—13—
30068—12—
30076—12—
30033—10.5—
30082—10—
30316—9—
30328—5—
30306—4.5—
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 3.6 months, up 1.1 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 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 253.33.65———
May 253.33.75.2———
Jun 253.43.95.5———
Jul 253.54.15.7———
Aug 253.64.25.95.94.23.6

Source: GAMLS, previously owned

21. Months of Supply by County

Henry highest at 4.7, Cobb lowest at 2.6

Single family, pre-owned, Aug of each year

Months of Supply by County: Single family, pre-owned, Aug of each year
Area202320242025
Henry2.13.44.7
Rockdale2.33.34.7
Douglas2.13.14.3
Fulton2.43.54.3
DeKalb1.92.74
Clayton2.13.13.9
Paulding1.92.73.7
Fayette1.52.23.1
Forsyth1.21.83.1
Cherokee1.522.9
Gwinnett1.61.92.9
Cobb1.31.82.6

Source: GAMLS, single family, previously owned

25. Pending Ratio

Single family at 25.6%, down 4.2 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 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 250.320.250.17———
May 250.30.230.17———
Jun 250.280.210.13———
Jul 250.250.20.14———
Aug 250.260.20.150.260.20.15

Source: GAMLS, previously owned

26. Pending Ratio by County

Cobb highest at 36.8%, Rockdale lowest at 16.8%

Single family, pre-owned, Aug of each year

Pending Ratio by County: Single family, pre-owned, Aug of each year
Area202320242025
Cobb0.670.40.37
Fayette0.520.320.33
Cherokee0.610.390.31
Gwinnett0.590.340.29
Forsyth0.750.350.26
Clayton0.40.230.25
Paulding0.540.320.25
DeKalb0.490.270.22
Henry0.460.230.22
Douglas0.40.310.21
Fulton0.350.250.21
Rockdale0.270.230.17

Source: GAMLS, single family, previously owned

27. List to Sales Ratio

Single family at 98.3%, down 0.4 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 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 250.990.990.98———
May 250.980.980.98———
Jun 250.980.980.98———
Jul 250.980.980.97———
Aug 250.980.980.970.980.980.97

Source: GAMLS, previously owned

28. List to Sales Ratio by County

Cobb highest at 98.6%, Clayton lowest at 97.5%

Single family, pre-owned, Aug of each year

List to Sales Ratio by County: Single family, pre-owned, Aug of each year
Area202320242025
Cobb0.990.990.99
Gwinnett0.990.990.99
Cherokee0.990.990.98
Paulding0.990.990.98
Henry0.980.990.98
DeKalb0.990.990.98
Douglas0.980.980.98
Forsyth0.990.990.98
Fulton0.980.980.98
Fayette0.990.990.98
Rockdale0.980.980.98
Clayton0.990.980.98

Source: GAMLS, single family, previously owned

29. Dollar Volume

Combined at $2.3B, down 2.7% 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
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———
May 25$2.86B$2.52B$342.8M———
Jun 25$2.93B$2.62B$308.7M———
Jul 25$2.63B$2.36B$267.1M———
Aug 25$2.31B$2.04B$273.9M$2.31B$2.04B$273.9M

Source: GAMLS, monthly closed volume

30. Dollar Volume, Pre-Owned

Single family at $1.8B, up 0.2% 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 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———
May 25$2.20B$205.7M$116.3M———
Jun 25$2.33B$185.5M$109.0M———
Jul 25$2.08B$174.2M$106.5M———
Aug 25$1.78B$162.7M$92.1M$1.78B$162.7M$92.1M

Source: GAMLS, previously owned

31. Dollar Volume by County

Fulton highest at $400.1M, Rockdale lowest at $21.0M

Single family, pre-owned, Aug of each year

Dollar Volume by County: Single family, pre-owned, Aug of each year
Area202320242025
Fulton$391.5M$428.0M$400.1M
Cobb$320.1M$244.5M$289.7M
Gwinnett$324.1M$312.9M$255.8M
DeKalb$256.2M$200.1M$232.6M
Cherokee$151.8M$152.2M$154.2M
Forsyth$155.1M$130.0M$132.7M
Fayette$71.9M$59.0M$73.5M
Paulding$69.2M$65.5M$69.2M
Henry$83.7M$79.1M$67.7M
Clayton$53.3M$46.6M$44.8M
Douglas$40.6M$39.5M$41.4M
Rockdale$23.2M$21.9M$21.0M

Source: GAMLS, single family, previously owned

32. Showings vs Actives vs Pendings

Aug showings at 50,038, up 26.6% vs Aug 2024

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———
202439,51016,7894,629———
202550,03820,8404,77150,03820,8404,771

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

33. Showings by County

Fulton led with 9,873 Aug showings

Aug of each year, all property types

Showings by County: Aug of each year, all property types
Area202320242025
Fulton6,8708,1889,873
DeKalb4,6085,9868,084
Gwinnett4,0264,7086,980
Henry3,9604,3665,000
Cobb2,3953,2914,663
Clayton2,9913,0463,168
Cherokee1,0301,4042,025
Paulding967.81,0511,842
Fayette1,5521,7201,841
Douglas1,1691,2861,829
Forsyth737.71,2881,650
Rockdale1,0841,2731,553

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

34. Showings

2.8 showings per listing, 7.7 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 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 257.73——
May 257.42.9——
Jun 257.42.7——
Jul 258.12.5——
Aug 257.72.87.72.8

Source: ShowingTime via GAMLS, previously owned

35. Showings per Listing by County

Fayette highest at 4.0, Forsyth 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
Area202320242025
Fayette64.64
Clayton5.23.93.9
Henry5.53.83.7
Rockdale43.43.5
DeKalb3.42.92.9
Douglas3.22.42.7
Gwinnett32.22.6
Cobb2.31.92.4
Fulton2.42.32.3
Paulding2.21.62.2
Cherokee1.81.81.8
Forsyth2.421.6

Source: GAMLS, single family, previously owned

36. Showings to Pending by County

Henry highest at 12.0, Cherokee lowest at 3.6

Single family, pre-owned, Aug of each year

Showings to Pending by County: Single family, pre-owned, Aug of each year
Area202320242025
Henry12.913.712
Fayette14.211.210.9
Rockdale11.910.110.4
Clayton12.11510.3
Paulding4.14.89.8
DeKalb6.76.28.1
Douglas87.27.6
Fulton5.66.36.6
Forsyth4.24.16.4
Gwinnett6.15.46.2
Cobb3.94.25.7
Cherokee3.83.53.6

Source: GAMLS, single family, previously owned

37. Showings

1.6 showings per listing, 4.3 to go pending in Aug

Townhouse, pre-owned, core Atlanta counties

Showings: Townhouse, pre-owned, core Atlanta counties
MonthShowings to PendingShowings per ListingShowingsShowings
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 2541.5——
May 254.11.4——
Jun 254.41.6——
Jul 253.51.3——
Aug 254.31.64.31.6

Source: ShowingTime via GAMLS, previously owned

38. Showings

1.3 showings per listing, 4.4 to go pending in Aug

Condo, pre-owned, core Atlanta counties

Showings: Condo, pre-owned, core Atlanta counties
MonthShowings to PendingShowings per ListingShowingsShowings
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 254.31.3——
May 253.91.3——
Jun 253.91.4——
Jul 256.31.3——
Aug 254.41.34.41.3

Source: ShowingTime via GAMLS, previously owned

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