Inventory down double digits in several Atlanta counties

by Peter Thomas Ricci

atlanta-skyline-night

Inventory remains very low across the Metro Atlanta housing market – according to the latest numbers from ARA, inventory in May was just a 3.6-month supply for the 11-county area, a 2.3 percent decline from a year ago.

The inventory problem is particularly pronounced in several Atlanta counties, a fact that GAMLS stats bear out. Some notable details:

  • Cobb has the lowest inventory of the major counties at just 2.55-months; in total, five counties have inventories of less than 3-months.
  • Inventory was down in all of Metro Atlanta’s largest counties, with Fulton seeing the smallest decline at 5.32 percent.
  • The largest decline came in Paulding, where inventory fell 27.14 percent; six counties, though, saw declines of greater than 20 percent.

See our chart for more numbers:

County Inventory Inventory Change Median Price Increase
Cobb 2.55 -20.31% 5.96%
Gwinnett 2.7 -23.94% 7.44%
Cherokee 2.86 -23.73% 0.44%
DeKalb 2.93 -11.75% 2.38%
Paulding 2.98 -27.14% 6.45%
Coweta 3.05 -22.39% 3.5%
Fayette 3.1 -15.76% 0.69%
Fulton 3.56 -5.32% 11.52%
Forsyth 3.62 -9.73% 5.42%
Henry 3.91 -23.33% 1%