Atlanta REALTORS® Market Brief: April 2022
May 25, 2022
The April 2022 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: April residential sales were at 6,331, a decrease of 13.8% from the previous year.
Price: Average and median sales prices continue to outpace 2021's figures, with positive gains. The median sales price in April was $412,500, an increase of 20.3% from last April. The average sales price was $500,500, up 18.2% from the previous year.
Supply: Atlanta area housing inventory totaled 7,245 units in April, a decrease of 6.2% from April 2021. New listings totaled 8,153, down 11.7% from April 2021 and down 2.1% from the previous month. The month's supply over a 12-month period increased to 1.1 months.
A Word from 2022 Atlanta REALTORS® President Karen Hatcher:
"Metro Atlanta reached record highs for median and average sales price at $412,500 and $500,500 respectively for April indicating the housing market is still hot," reports Atlanta REALTORS® Association President Karen Hatcher. "This is the first time ever the median price has been over $400,000 and the average price over $500,000."
"As we moved into the busy spring season, we saw a slight increase in inventory with supply inching back over 1 month for the first time since December," says Hatcher. "Although a positive sign, we are still very much in a Seller's market."
"While interest rates are rising, they are historically still low. We are continuing to see multiple offers on homes and offers above the list price. Buyers should continue to stay prepared for a search that could take months," stated Hatcher. "We encourage buyers to work with a REALTOR® and be ready to act quickly. This market requires a very close watchful eye and a strong network as properties go under contract within days of listing."
"As Metro Atlanta continues to progress economically, and with our current state of inventory, we will continue to see rising prices. It's exciting to see the growth of the city, but we need to continue our focus on housing supply, affordability and work to ensure everyone has access to home ownership."
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 GRBOR Market Brief
The Greater Rome Board of REALTORS® (GRBOR) Market Brief is compiled by Georgia Multiple Listing Service (GAMLS).For more information on details of this month's report, please contact the Board at 404.845.4025.
*Each month, the numbers reported for the previous month are updated to reflect additional recordings.
About the Greater Rome Board of REALTORS®
The Greater Rome Board of REALTORS® (GRBOR) has been an instrumental factor in the growth of real estate in Floyd County, Georgia for more than a decade. GRBOR serves as a central source of information for its members, with 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 Georgia Multiple Listing Service
Since 1962 Georgia MLS has been providing real estate professionals with exceptional service, proven technology solutions, and unmatched value. With a laser-sharp focus on making the day-to-day tasks of our MLS subscribers more functional, more productive, and more profitable, we continue to implement the service blueprint that has led to our continued growth. For additional information or to start a discussion about how to partner with GAMLS please contact email@example.com.