Located at 4665 Riverview Road in Sandy Springs, the 17,776-square-foot Chestnut Hall is the most-expensive home for sale in Georgia.

Regionally, pending sales were down across the board on both a monthly and an annual basis, the National Association of REALTORS® said. 

At the same time, home sales slid 15% year over year to 5,088 transactions, the smallest annual decline of 2023. 

Total housing inventory at the end of August was 1.11 million units, up 3.7% from July but down 14.6% on a year-over-year basis, the National Association of REALTORS® said. 

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.