It’s no mystery that inventory is extremely low across the Metro Atlanta housing market. According to the latest numbers from ABR, inventory in May was just a 3.4-month supply for the 11-county area, with active listings down 1.4 percent from a year ago.
Where in Metro Atlanta, though, is the inventory problem most acutely felt? To find out, we took a deep dive through GAMLS stats for May, and created the chart below. Some takeaways:
- Cobb has the lowest inventory of the major counties at just 2.55-months.
- Only Forsyth saw inventory increase in May, and with the exception of Fulton, all counties saw inventory decline by double digits.
- The largest decline came in Paulding, where inventory fell 25.49 percent.
- Finally, there is a definite correlation between inventory declines and median sales price increases. In the counties with the largest price upticks – Paulding (15.71 percent) and Coweta (14.47 percent) – the inventory declines were also the largest.
See our chart for more numbers:
| County | Inventory (Months Supply) | Inventory Change | Median Price Increase |
|---|---|---|---|
| Cobb | 2.55 | -16.94% | 1.91% |
| Gwinnett | 2.72 | -21.84% | 6.59% |
| Cherokee | 2.88 | -18.41% | 7.33% |
| DeKalb | 2.95 | -11.41% | 8.81% |
| Paulding | 3.04 | -25.49% | 15.71% |
| Coweta | 3.06 | -22.53% | 14.47% |
| Fayette | 3.11 | -12.39% | 8.00% |
| Fulton | 3.57 | -4.55% | 8.16% |
| Forsyth | 3.75 | 2.46% | 3.80% |
| Henry | 4.03 | -16.04% | 7.07% |
Photo Credit: Creative Commons 2.0: John Trainor, https://commons.wikimedia.org/wiki/File:Gwinnett_County_Courthouse_GA.jpg