CONTACT US TODAY: 404-370-0092

Atlanta REALTORS® Market Report for July

By in Uncategorized with 0 Comments

 

Atlanta REALTORS® Market Brief

July 2021 Edition

The July 2021 Market Brief, compiled by First Multiple Listing Service (FMLS), provides a regionally focused synopsis of monthly sales and home prices for residential properties in Metro Atlanta. This summary covers 11 counties: Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Paulding and Rockdale.

Demand: July residential sales were at 7,459, a decrease of 11.5% from the previous year.

Price: Average and median sales prices continue to outpace 2020’s figures, with positive gains. The median sales price in July was $370,000, an increase of 21.3% from last July. The average sales price was $441,500, up 20.1% from the previous year.

Supply: Atlanta area housing inventory totaled 9,402 units in July, a decrease of 33% from July 2020. New listings totaled 9,365, down 2.8% from July 2020 and down 3.7% from the previous month. The month’s supply over a 12-month period remained at 1.3 months.

 

A Word from 2021 Atlanta REALTORS® President Cynthia Lippert:

“The decline in sales is noteworthy, but not necessarily unexpected, and represented by several likely factors,” stated Cynthia Lippert, 2021 President of the Atlanta REALTORS® Association. “Inventory is still down 33% year over year and remains at only 1.3 months of supply. Additionally, as many popular travel destinations re-opened heading into Summer, many pandemic-weary travelers returned to the skies, beaches, and just about anywhere but their living rooms in an attempt to enjoy some normalcy.”

“Buyers who stay the course and purchase sooner may benefit from earlier and steeper equity growth than they might if they wait six months.” proclaims Lippert. “As frustrating as it is to be in the market for a home right now,” says Lippert, “buyers may do well, maybe better, by pairing up with a REALTOR and persevering.”

 

READ MORE HERE!

Share This
About The Author
Melissa Wakamo

When Melissa Wakamo began her real estate career in 2004, her goal was to focus on her immediate area and get to know her neighbors. "I've had a lot of fun over the years helping my neighbors sell their homes and helping newcomers become a part of our community." Melissa quickly became one of metro Atlanta’s top producing agents and consistently performed in the top 1% of all Atlanta agents. By 2009, Melissa’s real estate team, Red Robin Realtors, had grown to include several agents and support staff, providing exceptional service to buyers and sellers in Atlanta’s intown neighborhoods. In her role as Managing Broker, Melissa provides agent training, marketing and strategic oversight for Keller Knapp Realty and leads the Red Robin Realtors team of agents. "If you're thinking of buying or selling a home, or are considering a career as a real estate agent, let's talk soon!"