Atlanta REALTORS® Releases May 2021 Statistics on Housing Market

The Atlanta REALTORS® Market Brief examines sales, prices in 11-county metro area

– RealEstateRama – Atlanta REALTORS® Association (ARA), the largest association of its kind in Georgia, released its May 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

Monthly Comparison

Demand: May residential sales were at 6,631, an increase of 27.5% from the previous year.

Price: Average and median sales prices continue to outpace 2020’s figures, with positive gains. The median sales price in May was $363,000, an increase of 27.4% from last May. The average sales price was $444,500, up 30.9% from the previous year.

Supply: Atlanta area housing inventory totaled 7,846 units in May, a decrease of 50.9% from May 2020. New listings totaled 8,402, down 4.8% from May 2020 and down 10.7% from the previous month. The month’s supply over a 12-month period decreased to 1.1 months.

Largest Metro Counties Sales Comparison

A Word from 2021 Atlanta REALTORS® President Cynthia Lippert:

“Scarce inventory is certainly playing a role in the decrease in units as well as increasing prices,” stated Cynthia Lippert, 2021 President of the Atlanta REALTORS® Association. “The lower number of units for May is in stark contrast to sales volume, which continues to surge as price growth accelerates.”

“The decline in units sold may also be indicative that buyer fatigue is growing as inventory slipped again in May to just over a month of supply,” cautions Lippert. “With home prices increasing 31% from this time last year, there is a growing contingent of buyers that are likely prohibited from making a move at this time.”

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

Reggie McCrary, Chief Executive Officer
Office: 404.732.0601