Market Briefs

Atlanta REALTORS® Market Brief: June 2023

December 20, 2023

June Highlights

The June 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: June residential sales were at 5,338, a decrease of 23.3% from the previous year.

Price: Average and median sales prices continue to outpace 2022’s figures, with positive gains. The median sales price in June was $428,000, a decrease of 0.9% from last June. The average sales price was $530,000, up 1.9% from the previous year.

Supply: Atlanta area housing inventory totaled 9,998 units in June, a decrease of 11.5% from June 2022. New listings totaled 7,601, down 26.4% from June 2022 and up 5.3% from the previous month. The month’s supply over a 12-month period increased to 2.1 months.

ARA MB June 2023

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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.

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