Current Market Data

Atlanta home sales drop 27.7% as prices continue to rise 

Total housing inventory rose 39.9% from February 2022 to 9,230 units, while new listings totaled 5,416, Atlanta REALTORS® Association said. 

New-home sales rise 1.1% in February as median-sales price surges 

The supply of new homes for sale ticked lower from February, according to government figures.

NAR: Existing-home sales jump in February, ending a year of declines 

The annual rate of 4.58 million sales was up 14.5% from January but down 22.6% from the February 2022 rate of 5.92 million. Week of April 16 is best time to list in Atlanta

Nationally, the week of April 16-22 is likely to provide sellers with the most favorable conditions for a successful sale of any week of the year, although the exact timing varies widely by market. 

Housing starts post major gains in February 

A shortage of existing-home inventory is driving more people to the market for newly built homes. 

Redfin: Seller concessions on the rise again

Increased mortgage rates have sidelined many would-be buyers, allowing inventory levels to increase. As a result, buyers can now “shop around” more than during the peak of the pandemic, putting the burden of concessions back on sellers.

Builder confidence rises again in March 

Homebuilders expressed “cautious optimism” that the lack of existing inventory would drive demand for new homes despite high construction costs and interest rates, the National Association of Home Builders reported.    

‘Million-dollar cities’ are much less common now than they were six months ago

There are 58 less million-dollar cities in the U.S. than there were in July of last year, according to a new report from Zillow.

MBA: Mortgage applications rise 7.4% despite increased rates 

The Mortgage Bankers Association noted the increase in borrowing activity came despite the 30-year fixed mortgage rate climbing to its highest level since November 2022. 

High mortgage rates make million-dollar homes less common

As rising mortgage rates cool the market, the share of U.S. homes worth at least $1 million has fallen from an all-time high last year.

CoreLogic: Home-price growth slides to June 2020 pace 

In January, home prices were up 5.5% annually and down 0.2% monthly, CoreLogic reported, citing its monthly Home Price Insights report. 

Housing market continues to rebalance as inventory increases

Buyers have more choices as inventory makes a fast recovery, according to a new report.

GAMLS: Atlanta home sales jump month over month

At the same time, new and active listings of homes declined, Georgia MLS reported, citing its 12-county Housing Market Snapshot.  

Atlanta Housing Scorecard: Starts, inventory post gains

Days on market rose, while existing-home sales fell, according to the March edition of the Housing Scorecard.

Report: Average home changes hands every 12 years

People staying in their homes longer is contributing to the lack of inventory that continues to impact buyers.

Atlanta ranks seventh by home appreciation over last 5 years 

Boise, Idaho, topped the rankings in a new report by MyEListing. 

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