Trends

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GAMLS: Atlanta median sales price falls in July

Other market metrics, including sales volume, units sold and new listings also declined on a month-over-month basis. 

CoreLogic: Home-price increases remain strong in June but continue to slow

Home prices were up 18.3% on a year-over-year basis and 0.6% month over month. Looking ahead, CoreLogic expects year-over-year appreciation to slow to 4.3% by June 2023. 

After May bump, pending-home sales hit June dip

“Contract signings to buy a home will keep tumbling down as long as mortgage rates keep climbing, as has happened this year to date.” — National Association of Realtors chief economist Lawrence Yun  

June new-home sales drop 8.1% month over month

At the same time, the inventory of new homes for sale rose 10.7%, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.

Single-family housing starts fall for fourth month in a row in June

The pace of new multifamily construction, however, jumped, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.  

Atlanta REALTORS®: Median home price rises again as sales pace falls in June

Housing inventory was up 30.5% year over year, while new listings were up 5.5%, according to the Atlanta REALTORS® Association. 

Record share of homebuyers relocating to more affordable areas

A record number of homebuyers are relocating to more affordable areas as rising mortgage rates, high home prices, inflation and economic concerns are starting to make some areas of the country out of reach for buyers.

NAR: Existing-home sales continue slide in June

At the same time, the median existing-home price rose 13.4% year over year to $416,000. 

Atlanta housing inventory jumps in June RE/MAX survey

Nationwide, sales hit their highest level of the year, rising 4.7% from June but falling 17.6% on a year-over-year basis, RE/MAX said. 

NAHB: Builder confidence falls for seventh consecutive month in July

July saw the NAHB/Wells Fargo Housing Market Index post its second-largest monthly drop ever, as worries about housing affordability dampened builder sentiment. 

Atlanta home sales surge in June by dollar amount as median price stays flat

The number of homes sold dipped 1.5% compared to May, Georgia MLS reported. 

Atlanta Housing Scorecard: Housing starts, existing-home sales on the decline

Housing inventory was also falling in the most recent Housing Scorecard.

Housing inventory rebounds at record rate in largest metros, and Atlanta is on trend, Realtor.com reports

The number of homes available to buyers climbed 18.7% in June, the sharpest year-over-year increase in the history of the report.

Atlanta REALTORS®: Rise in median Atlanta home price continued unabated in May

The median home price in the Atlanta area jumped 19.4% year over year to $430,000 in May, despite a sharp rise in interest rates since the beginning of the year. 

Atlanta among cities with strongest price growth, according to new S&P CoreLogic Case-Shiller Index

What does the latest S&P CoreLogic Case-Shiller Index reveal about Atlanta real estate?

Pending-home sales post surprise increase in May

The increase ends a six-month string of monthly declines, the National Association of REALTORS® said.

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