CoreLogic expects prices to continue to grow through next year, albeit at a more traditional pace than in the height of the pandemic. 

New listings rose on a monthly basis but declined on an annual one. 

Pending transactions were in negative territory for most of this year, so the recent increases could bode well for future activity. 

A fifth consecutive month of increases in the S&P CoreLogic Case-Shiller U.S. National Home Price Index suggests the housing market recovery that began earlier this year is likely to continue. 

The association’s Market Brief showed a positive year-over-year comparison for the first time in four months in July. 

Two weeks after housing inventory turned negative, home prices posted a healthy increase, MarketNsight said. 

High mortgage rates and limited inventory continued to weigh on sales activity, National Association of REALTORS®Chief Economist Lawrence Yun said. 

During the second quarter, the city saw significant gains in the number of coworking spaces as well as total coworking square footage, CoworkingCafe found. 

Single-family home permits and completions, meanwhile, also rose, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

New listings for homes in the 12-county Atlanta metro area also declined during the month. 

The industry group issued its housing-market forecast along with its monthly Pending Home Sales Index for June. 

At the same time, the association reported that home sales slid 23.3% year over year to 5,338 transactions.       

Georgia is one of the states with the highest proportion of new listings, according to a report from Los Feliz.

The median existing-home price for all housing types in June rose to $410,200, 0.9% less than the all-time high of $413,800 reached in June 2022, the National Association of REALTORS® said. 

Back in 2018, Freddie Mac stated that the country still needed about 2.5 million extra homes in order to meet demand. Then the pandemic homebuying boom depleted already-low inventory levels and high mortgage rates in the second half of 2022 chained many homeowners to their existing low rates.

Low inventory and high demand are buoying builder sentiment in the face of several headwinds.