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|
Photo Credit: Creative Commons 2.0: John Trainor, https://commons.wikimedia.org/wiki/File:Gwinnett_County_Courthouse_GA.jpg