Courtesy of Georgia MLS.

Atlanta’s residential real estate market is “showing signs of rebalancing” after years of giving sellers a distinct advantage, Georgia MLS said in its monthly Housing Market Snapshot for April. 

Home sales slid 5.4% year over year to 5,011 transactions, while the median sales price inched up 1.2% to $410,000. On a monthly basis, sales were up 7.3%, while the median sales price was up 1.5%. 

By dollar volume, sales were down 2% annually but up 11.7% month over month, at $2.6 billion. 

Active inventory surged 49.7% from April 2024 to 20,409 listings, while new listings rose 13% to 10,168. Compared to March, active inventory was up 8.7%, while new listings were 4.4% higher.  

“As inventory levels rise and homes spend more days on the market, conditions are gradually shifting to favor buyers,” MLS said. “In the first quarter of the year, more sellers began offering concessions, such as covering closing costs or making repairs, to attract prospective buyers, a clear indicator of softening competition.” 

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