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GAMLS: Atlanta-area housing inventory rises 3% in May

by John Yellig

Housing inventory in the Atlanta area ticked higher in May, rising 2.9% from April to 6,145 active listings, according to Georgia MLS’s monthly survey of the 12-county metro region 

Despite the monthly increase, listings stayed near all-time lows, down 59.8% from 15,281 listings in May 2020. 

Sales volume was strong, up 75.0% year-on-year to $3.04 billion. The number of units sold was also up, with a 36.2% year-over-year increase to 7,369 transactions. 

The median sales price rose 4.9% from March and 25.9% from April 2020 to $340,000.

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