The Atlanta REALTORS® (ARA), the largest association of its kind in Georgia, released its February 2020 Market Brief on residential housing statistics in metro-Atlanta. The Market Brief, compiled by First Multiple Listing Service (FMLS), provides the only regionally focused synopsis of monthly sales and home prices for single family residential properties. Covers 11 counties: Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Paulding and Rockdale.
February Comments
Demand: February residential sales were at 3,866, an increase of 3.8% from the previous year.
Price: Average and median sales prices continue to gain traction and outpace 2019’s figures, with positive gains. The median sales price in February was $278,000, an increase of 6.1% from last February. The average sales price was $338,000, up 6.6% from the previous year.
Supply: Atlanta area housing inventory totaled 10,723 units in February, a decrease of 16.3% from February, 2019. New listings totaled 3,666, down 19.9% from February, 2019 and down 12.1% from the previous month. The month’s supply over a 12-month period decreased to 2.1 months.
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The data in this report was compiled by First Multiple Listing Service (FMLS). For more information on details of this month's report, please contact the Association at 404.250.0051.
*Each month, the numbers reported for the previous month are updated to reflect additional recordings.