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The 5 Metro Atlanta counties with the worst inventory shortages

by Peter Thomas Ricci

metro-atlanta-housing-march-abr

Which counties have the worst housing shortage in Metro Atlanta? We looked through the latest stats from GeorgiaMLS to find out:

  • Cobb (2.68-months supply), Gwinnett (2.73-months), DeKalb (2.97-months), Cherokee (2.99-months) and Fayette (3.2-months) had the lowest levels of housing inventory through September.
  • In every single major Metro Atlanta county, inventory was down from the year before. The smallest decline was in Forsyth (3.67 percent), while the largest was in Paulding (25.58 percent); all told, seven of the area’s 10 largest counties saw double-digit inventory declines.
  • In the past, there has been a strong correlation between falling inventory and rising prices, but September’s data was very mixed. Although some counties – such as Paulding, where a double-digit inventory drop paired with a 19.02 percent price hike – continued that trend, other counties saw very little price growth; in three counties, prices even declined.

See our chart below for more perspective:

County Housing Supply (in months) YOY Change Median Sales Price YOY Change
Cobb 2.68 -13.27% $220,000 0.92%
Gwinnett 2.73 -20.18% $200,000 5.32%
DeKalb 2.97 -12.13% $184,000 -1.34%
Cherokee 2.99 -22.14% $212,825 1.35%
Fayette 3.2 -15.34% $256,000 -0.97%
Paulding 3.2 -25.58% $172,575 19.02%
Coweta 3.42 -7.32% $215,000 9.83%
Forsyth 3.62 -6.22% $299,000 6.98%
Fulton 3.67 -3.67% $235,000 -0.63%
Henry 4.2 -24.46% $172,750 2.95%

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