Atlanta’s inventory shortage is worst in this county

by Peter Thomas Ricci


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

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