Atlanta REALTORS® Releases February 2021 Statistics on Housing Market
The Atlanta REALTORS® Market Brief examines sales, prices in 11-county metro area
Atlanta, GA – RealEstateRama – Atlanta REALTORS® Association (ARA), the largest association of its kind in Georgia, released its February 2021 Market Brief on residential housing statistics for 11 area counties in metropolitan Atlanta. The Market Brief, compiled by First Multiple Listing Service (FMLS), provides the only regionally-focused synopsis of monthly sales and home prices for single-family residential properties.
Annual Comparison
|
February 2021 |
February 2020 |
% Change |
|
|
Total Home Sales |
5,094 |
5,262 |
-3.2% |
|
Median Sales Price |
$315,000 |
$270,000 |
16.7% |
|
Average Sales Price |
$380,500 |
$327,000 |
16.4% |
Monthly Comparison
|
February 2021 |
January 2021 |
% Change |
|
|
Total Home Sales |
5,094 |
4,593 |
10.9% |
|
Median Sales Price |
$315,000 |
$308,000 |
2.3% |
|
Average Sales Price |
$380,500 |
$377,500 |
0.8% |
Demand: February residential sales were at 5,094, a decrease of 3.2% from the previous year.
Price: Average and median sales prices continue to outpace 2020’s figures, with positive gains. The median sales price in February was $315,000, an increase of 16.7% from last February. The average sales price was $380,500, up 16.4% from the previous year.
Supply: Atlanta area housing inventory totaled 7,571 units in February, a decrease of 50.6% from February 2020. New listings totaled 6,957, down 11.5% from February 2020 and up 3.1% from the previous month. The month’s supply over a 12-month period decreased to 1.2 months.
Largest Metro Counties Sales Comparison
|
Total Units Sold |
Median Sales Price |
Average Sales Price |
|
|
Cobb |
855 |
$335,000 |
$381,500 |
|
DeKalb |
793 |
$300,000 |
$367,500 |
|
Fulton |
1,327 |
$360,000 |
$468,500 |
|
Gwinnett |
890 |
$299,000 |
$336,500 |
A Word from 2021 Atlanta REALTORS® President Cynthia Lippert:
“The unprecedented seller’s market in Metro Atlanta seems unlikely to slow down anytime soon based on February numbers,” stated Cynthia Lippert, 2021 President of the Atlanta REALTORS® Association. ” But the flattening of sales volume in year over year comparison is a reflection of the continued inventory shortages which are far from meeting buyer demand.”
“It could take a year or more to bring inventory levels back up to meet the demand,” Lippert estimates. “That’s the solution to rebalancing the market.”
“The good news for sellers is that it’s still the best time we’ve seen to sell a home. However, even in a hot market, it’s imperative to work with a professional Realtor® throughout the process. Amazing results aren’t a given without strategic marketing and proper advice.”
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, Henry and Paulding. The numbers in the reports are updated each month to reflect any additional recordings from the previous month. Each month, the numbers reported for the previous month are updated to reflect additional recordings.
For more information or details on the reports, please contact Atlanta REALTORS® at 404-250-0051.
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About the ATLANTA REALTORS® Association:
The Atlanta REALTORS® is the voice of residential real estate in Metro Atlanta and has been an instrumental factor in the growth of real estate in the state of Georgia for more than a century. As the largest REALTOR® association in Georgia, ARA serves as a central source of information for its members by focusing on real estate education, the promotion of professionalism in the industry and representing members with legislative initiatives to create positive change for the real estate community. While less than 50% of active real estate licensees in Georgia meet the requirements to become REALTORS®, they constitute 80% of the top producing agents. Membership in ARA is the hallmark of quality, professionalism, and production.
About FMLS:
First Multiple Listing Service, Inc. (FMLS) is the premier data services provider for real estate professionals in Georgia. FMLS was founded by a handful of real estate brokers in Atlanta in 1957. Today, membership is growing quickly and is spreading in every direction. Currently, FMLS has over 2,300 offices and serves more than 43,000 real estate agents. The FMLS listing database contains more than 31,000 active listings located all over Georgia and the Southeast.
CONTACTS:
Atlanta REALTORS® Association
Joel McRae, Digital Marketing Specialist
Office: 404.732.0613
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Reggie McCrary, Chief Executive Officer
Office: 404.732.0601
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