Courtesy of Georgia MLS.

Atlanta’s residential real estate market is “active yet moderate,” as the pendulum continues to swing back toward buyers, Georgia MLS said in its Housing Market Snapshot for May.  

“[There is] still more negotiating between buyers and sellers on price and fees,” GAMLS said. “Across GA, we’re seeing over half of the sales include concessions by the seller, but typically for homes over $1 million.” 

Specifically, home sales in the 12-county Atlanta metro slid 6.2% year over year to 5,426 transactions, while the median sales price dipped 0.7% to $412,135. On a monthly basis, sales were up 5.7%, while the median sales price was up 0.5%.  

By dollar volume, sales were down 4.1% annually but up 6.6% month over month, at $2.83 billion.  

Active inventory jumped 41% from May 2024 to 21,785 listings, while new listings rose 11.4% to 10,543. Compared to April, active inventory was up 6.7%, while new listings were 3.7% higher.   

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