Current Market Data

New-home construction falls in July
New-home construction falls in July

“The bright spot in an otherwise underwhelming report comes from the increase in the overall number of permits issued, which can signal how much home construction is in the pipeline.” — First American deputy chief economist Odeta Kushi

Atlanta bidding wars dip in July
Atlanta bidding wars dip in July

Following months of sky-high prices paired with manic competition — driven by limited supply — the frenetic housing market is starting to cool down. Somewhat.

New listings rose in July as more affordable options hit the market
New listings rose in July as more affordable options hit the market

Smaller, more affordable homes are hitting the market, helping moderate median list prices, according to Realtor.com.

GAMLS: Price of homes in Atlanta surges year over year as sales volume declines
GAMLS: Price of homes in Atlanta surges year over year as sales volume declines

The median sales price of homes sold in the Atlanta metro area surged by 22.5% on a year-over-year basis in July to $349,000, according to statistics from the Georgia MLS.

No new median-home price records set in July
No new median-home price records set in July

For the first time since early March, no new records were set for median-home-sale prices last month, ending the five-month streak of record-breaking home prices.

Housing affordability hits 10-year low
Housing affordability hits 10-year low

Just 56.6% of homes sold during the quarter were affordable to families earning the U.S. median income of $79,900, according to the National Association of Homebuilders/Wells Fargo Housing Opportunity Index.

Atlanta Housing Scorecard: Existing-home sales rise, housing inventory falls in July
Atlanta Housing Scorecard: Existing-home sales rise, housing inventory falls in July

Meanwhile, housing starts rose to 3,485 from 2,397 a year earlier, according to Atlanta Agent’s July Housing Scorecard.

Housing affordability falls for a third straight month
Housing affordability falls for a third straight month

Affordability declined in 49 of the 50 major markets according to the May 2021 First American Real House Price Index.

How far are Atlanta homeowners willing to commute?
How far are Atlanta homeowners willing to commute?

With the increased number of professionals working remotely, today’s homebuyers are putting less of a premium on commute time and more on affordability.

RE/MAX: Atlanta housing inventory gets bump in June
RE/MAX: Atlanta housing inventory gets bump in June

The nationwide housing inventory shortage that has driven growth in prices and demand in Atlanta and other major markets may be beginning to ease, according to RE/MAX’s  National Housing Report for June.

[gravityform id="3" title="true" description="false" ajax="true"]