Atlanta REALTORS® Market Brief: October 2024

October Highlights

The October 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: October residential sales were at 4,272, an increase of 4.1% from the previous year.

Price: Average and median sales prices continue to outpace 2023’s figures, with positive gains. The median sales price in October was $418,000, a decrease of -0.5% from last October. The average sales price was $516,000, up 0.7% from the previous year.

Supply: Supply: Atlanta area housing inventory totaled 17,058 units in October, an increase of 46.2% from October 2023. New listings totaled 7,541, up 14.1% from October 2023 and up 2.9% from the previous month. The month’s supply over a 12-month period increased to 3.8 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.