0
0
0

Atlanta’s inventory shortage is worst in this county

by Peter Thomas Ricci

gwinnett-county-lawrenceville-atlanta-georgia

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

Related articles

Join the conversation

New Subscribe