Atlanta REALTORS® Market Brief: November 2024

November Highlights

The November 2024 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: November residential sales were at 3,819, an increase of 1.2% from the previous year.

Price: Average and median sales prices continue to outpace 2023’s figures, with positive gains. The median sales price in November was $416,000, an increase of 1.0% from last November. The average sales price was $517,500, up 3.5% from the previous year.

Supply: Atlanta area housing inventory totaled 16,241 units in November, an increase of 39.6% from November 2023. New listings totaled 5,641, up 4.7% from November 2023 and down 27.1% from the previous month. The month’s supply over 12 months decreased to 3.6 months.

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.