Atlanta REALTORS® Releases October 2021 Statistics on Housing Market

(November 18, 2021) – RealEstateRama – Atlanta REALTORS® Association (ARA), the largest association of its kind in Georgia, released its October 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: October residential sales were at 6,476, a decrease of 12.0% from the previous year.

Price: Average and median sales prices continue to outpace 2020’s figures, with positive gains. The median sales price in October was $370,000, an increase of 18.2% from last October. The average sales price was $438,500, up 16.6% from the previous year.

Supply: Atlanta area housing inventory totaled 8,822 units in October, a decrease of 28.3% from October 2020. New listings totaled 7,851, down 9.0% from October 2020 and down 2.2% from the previous month. The month’s supply over a 12-month period decreased to 1.3 months.

Largest Metro Counties Sales Comparison

A Word from 2021 Atlanta REALTORS® President Cynthia Lippert:

“Overall, inventory levels have shown some stabilization in 2021, but a massive shortage continues, fueling price increases and slowing sales figures. And with new listings down 29% in September, the gap may continue to widen.,” stated Cynthia Lippert, 2021 President of the Atlanta REALTORS® Association.

“October saw prices up 18% from last year, a notable uptick from September’s growth, shoring up predictions that prices will continue to rise significantly in 2022.,” says Lippert. “Although 2021 has kept us on our toes in many ways, don’t expect any last minute surprises from the market through the end of the year. If anything, we should prepare for more of the same: record low inventory levels, rising prices, and unrequited buyer demand, all of which continues to hold sales numbers down.”

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 (FMLS) is the premier data services provider for real estate professionals in Georgia. FMLS was founded in 1957 by a group of Brokers who wanted to share their listings and connect buyers and sellers. Today FMLS is the largest MLS in Georgia & the 4th largest MLS in the United States, serving nearly 54,000 real estate Agents & Brokers. For additional information or to start a discussion about how to partner with FMLS please contact .

CONTACTS:

Atlanta REALTORS® Association
Joel McRae, Digital Marketing Specialist
Office: 404.732.0613

Reggie McCrary, Chief Executive Officer
Office: 404.732.0601