Atlanta REALTORS® Market Brief: December 2023

December Highlights

The December 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: The Atlanta REALTORS® Market Brief is designed to offer an overview of the Atlanta residential market by providing a synopsis of sales and home prices, and covers 11 counties: Cherokee, Clayton, Cobb, DeKalb, Douglas, Forsyth, Fulton, Gwinnett, Fayette, Paulding, and Rockdale.

Demand: November residential sales were at 3,877, a decrease of 4.7% from the previous year.

Price: Average and median sales prices continue to outpace 2022’s figures, with positive gains. The median sales price in December was $400,000, an increase of 3.2% from last December. The average sales price was $499,000, up 8.1% from the previous year.

Supply: Atlanta area housing inventory totaled 10,273 units in December, a decrease of 7.0% from December 2022. New listings totaled 3,844, down from 2.4% from December 2022 and down 28.8% from the previous month. The month’s supply over a 12-month period increased to 2.3 months.

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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.