Days on market declined, as did housing inventory, according to the latest Atlanta Housing Scorecard.

In 2022, the most recent year for which Census data is available, 327,000 people moved to Georgia, while 252,000 people left. 

Pending home sales rose 8.3% month over month, the National Association of REALTORS® said, marking the largest monthly jump since 2020. 

Declining interest rates spurred the increase. 

Notably, renovators are less likely than they were a year ago to undergo kitchen modifications for the purpose of improving the home’s resale value.

In Atlanta, the number of coworking spaces rose quarter over quarter in Q4 2023, and the city’s total square footage of coworking space rose as well. 

At the same time, the median sales price rose 4.4% to $382,600. 

The NAHB/Wells Fargo Housing Market Index (HMI) rose seven points to 44, its second monthly increase in a row. 

Home listings grew in December as housing prices stabilized, closing out an interesting 2023 for the real estate market.

Nearly all millennials — 93% — say a volatile market is to blame for wrecking homebuying plans, with another 76% saying they expect the market to get worse before they’re able to make a purchase themselves.

With mortgage rates dropping to their lowest levels in almost a year, house hunters are returning to a market that many had shied away from in 2023.

CoreLogic expects prices to continue to grow through the year.

The pace of sales, however, continued to slow on a yearly as well as a monthly basis. 

Falling mortgage rates and more inventory could mean an improvement in housing affordability in the new year.

How will our homes evolve in the new year?

The pace of home sales, however, fell, Georgia MLS reported.