After a brief stint above the $400,000 mark, the median sales price of an Atlanta home fell 2.1% from July’s $402,540 to $394,000, Georgia MLS reported, citing its 12-county Housing Market Snapshot.  

The median price first topped $400,000 in May, when it rose 3.6% from April’s $395,000 level to hit $409,400. It rose again in June to $411,375 before beginning its retreat last month. 

Year over year, the median price was still in positive territory, with a 16.2% gain from August 2021’s $339,000 price. 

The number of homes sold in August ticked up 0.3% from July to 6,147 properties, which was 21.8% lower than the 7,860 homes sold a year earlier. 

By sales volume, homes sold were down 2.3% month over month and 9.8% year over year, at $2.84 billion. 

Active listings surged 59.2% from a year ago to 12,428. They were up 3.8% compared to July. 

New listings slid 5.1% from July to 8,794. 

Georgia MLS’ 12-county report includes Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Henry, Paulding and Rockdale counties.