Home sales surged in the 11-county Atlanta metro area in March, rising 32.5% from 5,247 sales in February to 6,952 transactions, according to the Altanta Realtors Association.
March’s sales total was 7.3% higher than it was in March 2020.
“We see the increase in sales as a positive sign, that even though we’re facing some real challenges with low inventory levels, agents are finding creative solutions to ease some of the burden for consumers,” said Cynthia Lippert, 2021 President of the Atlanta Realtors Association. “The importance of understanding the market is paramount to making all of this work.”
The median sales price rose 15.8% year over year and 5.1% month over month to $330,000.
Atlanta’s supply of homes for sale in March was 7,426 units, representing a 55.8% drop from a year earlier. New listings were down 7.4% from March 2020 and up 25.4% from February, at 8,767 units.
Among Atlanta’s largest counties, median sales prices ranged from $313,500 in Gwinnett to $366,500 in Fulton. The number of homes sold in March ranged from 1,045 in DeKalb County to 1,836 in Fulton County.
The Atlanta Realtors Association report covers Cherokee, Clayton, Cobb, DeKalb, Douglas, Forsyth, Fulton, Gwinnett, Fayette, Henry and Paulding counties and is compiled by First Multiple Listing Service.