Market Briefs

Atlanta REALTORS® Market Brief: January 2023

March 2, 2023

January Highlights

The January 2023 Market Brief, compiled by First Multiple Listing Service (FMLS), provides a regionally focused synopsis of monthly sales and home prices for residential properties in Metro Atlanta. This summary covers 11 counties: Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Paulding, and Rockdale.

Demand: January residential sales were at 2,840, a decrease of 37.0% from the previous year.

Price: Average and median sales prices continue to outpace 2021’s figures, with positive gains. The median sales price in January was $375,000, a decrease of 0.0% from last January. The average sales price was $442,500, up 1.5% from the previous year.

Supply: Atlanta area housing inventory totaled 9,990 units in January, an increase of 48.8% from January 2022. New listings totaled 5,687, down 11.2% from January 2022 and up 47.0% from the previous month. The month’s supply over a 12-month period decreased to 1.8 months.

Michael FischerA Word from 2023 Atlanta REALTORS® President Michael Fischer:

“January sales were once again challenged by low inventory levels and the changes in mortgage interest rates,” reports Atlanta REALTORS® Association President Michael Fischer. “The positive news for sellers is that median sales prices have remained steady throughout most Atlanta submarkets with appreciation hovering around 1%.”

“Atlanta has been consistently ranked as one of the top cities in the US for job and population growth so looking ahead to the spring, we expect the demand for housing in Atlanta to remain strong.” says Fischer.

Infographic   :   Download PDF   :   Press Release

The data in this report was compiled by First Multiple Listing Service (FMLS). For more information on details of this month's report, please contact the Association at 404.250.0051.

About the ARA Market Brief

The Atlanta REALTORS® (ARA Market Brief is compiled by First Multiple Listing Service (FMLS) and provides the only regionally focused synopsis of monthly sales and home prices for single-family residential properties. The Market Brief covers the following 11 counties: Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Paulding, and Rockdale.

The data in this report was compiled by First Multiple Listing Service (FMLS). For more information on details of this month's report, please contact the Association at 404.250.0051.

*Each month, the numbers reported for the previous month are updated to reflect additional recordings.

About the Atlanta REALTORS® Association

The Atlanta REALTORS® Association (ARA) has been an instrumental factor in the growth of real estate in the state of Georgia for more than a century. With over 14,000 members, Atlanta is the largest association in Georgia and is considered to be one of the strongest and most successful REALTOR® organizations in the nation. ARA serves as a central source of information for its members, mainly focusing on real estate education, the promotion of professionalism in the industry, and representing REALTORS® members with legislative initiatives to create positive change for the real estate community.

About First Multiple Listing Service

First Multiple Listing Service (FMLS) is the premier data services provider for real estate professionals in Georgia. FMLS was founded in 1957 by a group of Brokers who wanted to share their listings and connect buyers and sellers.  Today FMLS is the largest MLS in Georgia & the 4th largest MLS in the United States, serving nearly 54,000 real estate Agents & Brokers.  For additional information or to start a discussion about how to partner with FMLS please contact join@fmls.com.

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