CONDO VIEW
In 2024, we saw a general flattening of the real estate market and stabilization of mortgage rates, which hovered between 6% and 7% for a 30-year fixed mortgage. Nationally, the volume of real estate sales in the United States (“US”) dropped from a post-COVID high of 6.12 million in 2021 to 4.06 million in 2024 (a 34% decline). 2024 represented the lowest number of US home sales since 1995, at a time when the population of the US was 30% lower. Mortgage rates have remained relatively unchanged thus far in 2025. The number of US home Sales is on track to be slightly lower in 2025 than it was in 2024. A recent report by Inman News indicates that prices have begun to decline in 31 of the 100 largest markets in the US.
The decrease in the number of closings in metro-Atlanta over the past few years has mirrored that of the National market. Total year-to-date closings of “attached home” (which includes condos) in metro-Atlanta through June 2025 were 6,357 as compared to 6,544 through June of 2024 (an overall decline of around 3%).
While the number of closed transactions for condos has declined, the average sales price year to date in metro Atlanta in June 2025 was $407,636 vs. $403,471 for 2024. This represents a nominal increase in Average Sales Price of 1.0%.
The most significant change in the metro-Atlanta Market in the last year is the increase in the number of available condominiums for sale (or “Inventory”). Inventory rises when the number of homes listed outpaces the number of homes sold. The inventory of available condos increased from 4,009 at the end of June 2024 to 5,950 at the end of June 2025, representing a dramatic 48% increase. Higher inventory translates to: more options for Buyers to choose from, longer time on market, and more negotiation by Sellers both on price and in concessions like closing costs and inspection-related repairs.
With increased inventory, we see more reductions in sales prices and significantly longer time on the market. Another trend noted with condominiums in 2025 is that there was a sizeable jump in HOA fees per square foot (10 to 20 cents per square foot), resulting in the average 1000 square foot condo to add between $100 to $200 to its monthly fee. This is due primarily to increased insurance costs.
In Midtown condominiums specifically, we saw a decline in the average sales price from $444,974 on June 30, 2024 2024 to $432,504 in 2025 ( a decrease of 2.8%). Average sold price per square foot likewise declined from $396 in 2024 to $377 in 2025. In Midtown, there was an increase in the total days on the market from an average of 62 days in 2024 to 83 days in 2025. The sales price to original list price ratio, a measure of how close sellers are getting to their asking price, decreased from 96.69% in 2024 to 95.43% in 2025. Properties are staying on the market longer, and sellers are negotiating more.
While it is hard to predict future real estate trends, we want our clients to understand what is happening in the market, so they will understand pricing and how quickly a home will likely sell in the community where they live or hope to live. We hope this report will help with that. If you would like a more in-depth analysis of a specific area or want to determine the value of your home, our neighborhood real estate experts are here to help.
We know the Atlanta market. Your building is our business.
Randal Lautzenheiser, Managing Broker and Owner
Len Kwilos, Agent and Owner
David Vannort, Agent and Owner
6. 40 WEST 12TH
7. ABOVE THE FOUR SEASONS
8. ANSLEY ABOVE THE PARK
9. ANSLEY TERRACE
10. AQUA
11. THE BELVEDERE
12. THE BELVEDERE - LOFTS AT THE BELVEDERE
13. COLONY PARK CITIHOMES
14. COLONY SQUARE - COLONY HOUSE
15. COLONY SQUARE - HANOVER HOUSE
16. CORNERSTONE VILLAGE - REID BUILDING
17. CORNERSTONE VILLAGE - NEW BUILDING
18. CORNERSTONE VILLAGE - LOFT BUILDING
19. COTTING COURT
20. THE DAKOTA CONDO FLATS
21. THE DAKOTA TOWNHOMES
22. HARPER ON PIEDMONT
23. J-5
24. LOFTS AT THE PARK I
25. LOFTS AT THE PARK II
26. LUXE
27. MAYFAIR RENAISSANCE
28. MAYFAIR TOWER
29. METROPOLIS
30. MIDCITY LOFTS
31. ONE MUSEUM PLACE
32. PARC VUE
33. PARK CENTRAL
34. PEACHTREE LOFTS
35. PEACHTREE WALK
36. PIEDMONT CREST
37. PLAZA MIDTOWN
38. REID HOUSE
39. SEVENTH MIDTOWN
40. SIENA AT RENAISSANCE
41. SPIRE
42. TUSCANY
43. TWELVE CENTENNIAL PARK
44. VIEWPOINT
45. VIRGINIA HILL
46. W RESIDENCES
47. WILBURN HOUSE - NEWER
48. WILBURN HOUSE - HISTORIC
49. WINDSOR OVER PEACHTREE
Midtown Condo Overview
- 3 BEDROOM
- 3 BEDROOM
CLOSED - 2 BEDROOM
PENDING as of 6/30/2025
CLOSED - 1 BEDROOM January - June 2025
ATLANTIC STATION/ WHITE PROVISIONS
Atlantic Station/White Provisions
Condo Overview
CLOSED - 3 BEDROOM
as of 6/30/2025
Data and most photos are from the First Multiple Listing Service. Information is deemed to be accurate but is not warranted. Please note that in many “new construction” condominium projects or buildings being converted to condominiums, not all sales are reported in FMLS. We are only reporting sales included in FMLS. This research is on 57 buildings in and around Midtown, but is not exhaustive.
If you are interested in receiving more information on additional properties or need help pricing your home, please contact your Atlanta Intown Agent, call 404.881.1810 or email brokers@atlantaintown.com .
