Q3 Q2 2023 Atlanta Market Snapshot
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MARKET SNAPSHOT 2 0 2 3
Q 3
A T L A N T A , G E O R G I A
CHRISTIAN ROSS | ENGEL & VÖLKERS ATLANTA Source: FMLS, InfoSparks, TrendGraphix, Q3 Q2 2023 (7/1/23 (4/1/23 to to 9/30/23) 6/30/23)
O +1 404.845.7724 | M +1 404.479.5811 christian.ross@evatlanta.com Source: 1/1/2021 – 7/31/2021 provided by FMLS christiansoldit.com | evatlanta.com
evatlanta.com
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Q3 2023 Atlanta Market Snapshot
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Market Snapshot 2 0 2 3
Q 3
A T L A N T A , G E O R G I A
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Q3 2023 Atlanta Market Snapshot
Market Overview
3
4-7
Single-Family Homes Inside the Perimeter
8 - 27
Outside the Perimeter
28 - 45
Condominiums Inside the Perimeter
46 - 55
Outside the Perimeter
56 - 61
Townhomes Inside the Perimeter
62 - 71
Outside the Perimeter
72 - 83
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
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Q3 2023 Atlanta Market Snapshot
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Market Overview Many prognosticators projected that mortgage interest rates would begin to moderate by Q3 2023. The close of this quarter marked 15 months of mortgage interest rate increases, with rates moving past the 7% mark by the end of September. Two factors, new listings, and mortgage interest rates, continue to be the main drivers of the Metro Atlanta market.
Q3 2023 at a Glance
Both are having an impact on the market and counteracting the other, stabilizing what feels like a very unstable environment.
When compared to Q2 2023,
listings. As new listings come into
Q3 2023 closed with slightly
the market, pending and closed
diminished numbers. There were
sales increase and, the average
14,412 closed sales in Q3 which
price increases as well. This trend
is 10% less than the 16,034 in
is consistent and occurs while
Q2 2023. The average price
mortgage rates are increasing.
decreased by 1.4% from $515,579 to $508,678. Inventory levels crept up to 2.3 months over 2 months in the previous quarter and, the average days on market
So, what does this trend tell us? With the increase in interest rates,
14,412
Homes Sold
$508,678 Average Sale Price
homebuyers have become more selective than ever. If they must
decreased by 3 days from 30 to 27.
pay a higher interest rate, they
Mortgage interest rates continue
want from a home. Additionally,
to dominate news headlines and,
many buyers in the market today
while rates are the primary culprit
are paying cash. Rate does not
in the market slow down, monthly
factor into their decision. They
data demonstrates that lower
want to find the right home that
pending and closed sales trail
meets their needs. These buyers
a decrease in the number new
are willing to pay a premium for
won’t compromise on what they
2.3
Months of Inventory
27
Average Days On Market
Source: FMLS InfoSparks, Greater Atlanta Area (Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Henry, and Rockdale Counties) All home types, All price points, Rolling 3-months as of September 2023
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Q3 2023 Atlanta Market Snapshot
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the home that checks all their
the market. These homes make
The rest of this report provides
boxes. That is why, even in today’s
up the (still historically low) 2.3
a snapshot of key metrics by
higher rate environment, we are
months of inventory in the market.
home type (single-family homes,
seeing bidding wars for the best
To counteract the effects of
homes in the best locations. New
higher rates, sellers have begun
inventory brings homes into the
to offer price discounts and
market that meet the demands
substantial seller paid closing
and criteria of these homebuyers,
townhomes and, condominiums) and submarket, including neighborhoods Inside the Perimeter (ITP) and Outside the Perimeter (OTP).
costs to help homebuyers
To learn more about homes selling
buy down interest rates.
in your neighborhood or your dream
points.
Simultaneously, homebuyers have
location, reach out to your Engel &
become more interested in buy
Völkers Advisor for more detailed
While the most desirable homes
down programs that allow them to
information about trends in your
are selling, other homes that do
buy a home at a lower interest rate
area.
not meet homebuyer requirements
with the expectation they will be
and/or are overpriced are taking
able to refinance in the next 24 to
longer to sell and experiencing
36 months.
increasing the number of pending and closed sales and average price
Christa Huffstickler Founder & CEO Engel & Volkers Atlanta
price adjustments to try and meet
Metro Atlanta Market Summary (Q3 2023) Metro Atlanta Closed Sales Pending Sales Active Listings New Listings
14,400
q -17.1%
13,554
q -13.6%
10,579
q -18.5%
20,260
City of Atlanta 2,489
q -15.1%
2,374
q -11.7%
2,559
q -1.4%
4,251
ITP 2,836
q -15.9%
2,709
q -11.0%
2,834
q -5.0%
4,800
q -18.2%
q -8.4%
q -10.0%
Median Sale Price
$420,000 p +2.4%
$415,000 p +1.2%
$439,000 p +0.7%
Average Sale Price
$508,675 p +4.6%
$563,014 p +2.8%
$589,378 p +3.2%
Average Price Per Square Foot Average Sale Price to Original List Price Ratio Months of Inventory Average Days on Market
$214
p +2.9%
98.2%
q -0.4%
2.3
p +9.5%
27
p +35.0%
$284
p +2.2%
97.2%
q -0.8%
3.2
p +39.1%
31
p +40.9%
$293
p +3.2%
99.0%
q -1.0%
3.1
p +34.8%
30
p +36.4%
q Down Quarter-Over-Quarter (QOQ) p Up Quarter-Over-Quarter (QOQ)
Source: FMLS InfoSparks, Greater Atlanta Area/City of Atlanta/ITP, All home types, All price points, Rolling 3-months as of September 2023 (Q3 2023 over Q2 2023 change compared to rolling 3-months as of June 2023)
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Q3 2023 Atlanta Market Snapshot
Metro Atlanta New Listings Impact on Average Sale Price and Closed and Pending Sales
Source: FMLS InfoSparks, Greater Atlanta Area, All Home Types, January 2022 - September 2023
Metro Atlanta Supply Dynamics Summary (January 2022 - September 2023)
Source: FMLS InfoSparks, Greater Atlanta Area, All Home Types - January 2022 - September 2023
evatlanta.com
Q3 2023 Atlanta Market Snapshot
Metro Atlanta Pending and Closed Sales vs. Interest Rates (January 2022 - September 2023)
Source: FMLS InfoSparks, Greater Atlanta Area, All Home Types, January 2022 - September 2023
Metro Atlanta Home Inventory (January 2022 - September 2023)
Source: FMLS InfoSparks, Greater Atlanta Area, All Home Types, January 2022 - September 2023
evatlanta.com
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Q3 2023 Atlanta Market Snapshot
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Single-Family Homes INSIDE THE PERIMETER
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Q3 2023 Atlanta Market Snapshot
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Ansley Park / Sherwood Forest S IN GLE-FA M ILY H O M E S
5
Homes Sold
$1,480,000 Median Closed Sales Price
$2,141,000 Average Closed Sales Price
6.1
Months of Inventory
13
Average Days On Market
Avondale Estates S IN GLE-FA M ILY H O M E S
13
Homes Sold
$657,500 Median Closed Sales Price
$612,054
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Average Closed Sales Price
1.2
Months of Inventory
8
Average Days On Market
Q3 2023 Atlanta Market Snapshot
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Brookhaven S IN GLE-FA M I LY H O M E S
109 Homes Sold
$905,000 Median Closed Sales Price
$1,070,945 Average Closed Sales Price
2.7
Months of Inventory
8
Average Days On Market
Brookwood Hills S IN GLE -FA M ILY H O M E S
4
Homes Sold
$1,350,000 Median Closed Sales Price
$1,537,500 Average Closed Sales Price
0.6
Months of Inventory
4
Average Days On Market
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Q3 2023 Atlanta Market Snapshot
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Buckhead S IN GLE -FA M I LY H O M E S
168 Homes Sold
$1,367,500 Median Closed Sales Price
$1,694,716 Average Closed Sales Price
3.9
Months of Inventory
30
Average Days On Market
Cabbagetown S IN GLE-FA M I LY H O M E S
0
Home Sold
$0
Median Closed Sales Price
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
$0
Average Closed Sales Price
1.1
Months of Inventory
0
Average Days On Market
Q3 2023 Atlanta Market Snapshot
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Cascade East S IN GLE-FA M I LY H O M E S
52
Homes Sold
$365,500 Median Closed Sales Price
$353,447 Average Closed Sales Price
5.3
Months of Inventory
32
Average Days On Market
Cascade West S IN GLE -FA M ILY H O M E S
55
Homes Sold
$280,000 Median Closed Sales Price
$356,533 Average Closed Sales Price
3.7
Months of Inventory
29
Average Days On Market
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Q3 2023 Atlanta Market Snapshot
13
Chamblee S IN GLE-FA M I LY H O M E S
36
Homes Sold
$521,500 Median Closed Sales Price
$540,656 Average Closed Sales Price
1.4
Months of Inventory
23
Average Days On Market
Chastain Park S IN GLE -FA M I LY H O M E S
16
Homes Sold
$1,415,000 Median Closed Sales Price
$2,156,250
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
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Average Closed Sales Price
5.2
Months of Inventory
28
Average Days On Market
Q3 2023 Atlanta Market Snapshot
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College Park S IN GLE -FA M ILY H O M E S
8
Homes Sold
$404,000 Median Closed Sales Price
$498,188 Average Closed Sales Price
3.2
Months of Inventory
22
Average Days On Market
Collier Hills/ Ardmore Park
S IN GLE-FA M ILY H O M E S
5
Home Sold
$1,000,000 Median Closed Sales Price
$993,944 Average Closed Sales Price
1.4
Months of Inventory
19
Average Days On Market
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Q3 2023 Atlanta Market Snapshot
15
Decatur
S IN GLE-FA M ILY H O M E S
48
Homes Sold
$802,000
$893,078
Median Closed Sales Price
Average Closed Sales Price
1.5
Months of Inventory
16
Average Days On Market
Druid Hills/ Emory S IN GLE- FA M ILY H O M E S
21
Homes Sold
$952,000 Median Closed Sales Price
$1,069,667
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Average Closed Sales Price
1.8
Months of Inventory
9
Average Days On Market
Q3 2023 Atlanta Market Snapshot
16
East Atlanta S IN GLE -FA M ILY H O M E S
22
Homes Sold
$472,450 Median Closed Sales Price
$508,414 Average Closed Sales Price
2.0
Months of Inventory
15
Average Days On Market
East Lake S IN GLE-FA M I LY H O M E S
13
Homes Sold
$540,000 Median Closed Sales Price
$557,992 Average Closed Sales Price
3.2
Months of Inventory
10
Average Days On Market
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Q3 2023 Atlanta Market Snapshot
17
East Point S IN GLE-FA M I LY H O M E S
46
Homes Sold
$297,000 Median Closed Sales Price
$283,959 Average Closed Sales Price
5.3
Months of Inventory
35
Average Days On Market
Edgewood S IN GLE- FA M ILY H O M E S
13
Homes Sold
$626,000 Median Closed Sales Price
$610,539
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Average Closed Sales Price
2.0
Months of Inventory
31
Average Days On Market
Q3 2023 Atlanta Market Snapshot
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Garden Hills S IN GLE -FA M ILY H O M E S
5
Homes Sold
$1,151,234 Median Closed Sales Price
$1,570,587 Average Closed Sales Price
2.3
Months of Inventory
54
Average Days On Market
Grant Park/ Glenwood Park S IN GLE- FA M ILY H O M E S
15
Homes Sold
$610,600 Median Closed Sales Price
$713,600 Average Closed Sales Price
2.1
Months of Inventory
21
Average Days On Market
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Q3 2023 Atlanta Market Snapshot
19
Hapeville/ Thomasville
S IN GLE-FA M ILY H O M E S
20
Homes Sold
$282,000 Median Closed Sales Price
$320,734 Average Closed Sales Price
6.0
Months of Inventory
40
Average Days On Market
Inman Park S IN GLE -FA M ILY H O M E S
4
Homes Sold
$1,000,000 Median Closed Sales Price
$1,356,250
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Average Closed Sales Price
0.6
Months of Inventory
4
Average Days On Market
Q3 2023 Atlanta Market Snapshot
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Kirkwood S IN GLE -FA M ILY H O M E S
28
Homes Sold
$684,000 Median Closed Sales Price
$686,104 Average Closed Sales Price
1.2
Months of Inventory
10
Average Days On Market
Lake Claire/ Little Five Points S IN GLE-FA M I LY H O M E S
18
Homes Sold
$812,500 Median Closed Sales Price
$956,944 Average Closed Sales Price
1.9
Months of Inventory
16
Average Days On Market
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Q3 2023 Atlanta Market Snapshot
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Midtown S IN GLE- FA M I LY H O M E S
11
Home Sold
$1,100,000 Median Closed Sales Price
$1,151,627 Average Closed Sales Price
1.7
Months of Inventory
36
Average Days On Market
Oakhurst S IN GLE-FA M I LY H O M E S
13
Homes Sold
$725,000 Median Closed Sales Price
$891,564
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Average Closed Sales Price
1.0
Months of Inventory
13
Average Days On Market
Q3 2023 Atlanta Market Snapshot
22
Old Fourth Ward S IN GLE-FA M I LY H O M E S
7
Homes Sold
$789,000 Median Closed Sales Price
$851,214
Average Closed Sales Price
3.5
Months of Inventory
11
Average Days On Market
Ormewood Park S IN GLE -FA M I LY H O M E S
17
Homes Sold
$640,000 Median Closed Sales Price
$741,359
Average Closed Sales Price
3.6
Months of Inventory
33
Average Days On Market
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Q3 2023 Atlanta Market Snapshot
23
Peachtree Hills S IN GLE-FA M I LY H O M E S
8
Homes Sold
$938,000 Median Closed Sales Price
$1,134,504 Average Closed Sales Price
2.8
Months of Inventory
24
Average Days On Market
Peoplestown/Chosewood Park/Lakewood Heights S IN GLE-FA M I LY H O M E S
38
Homes Sold
$339,950 Median Closed Sales Price
$375,566
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Average Closed Sales Price
4.8
Months of Inventory
24
Average Days On Market
Q3 2023 Atlanta Market Snapshot
24
Reynoldstown S IN GLE -FA M I LY H O M E S
11
Homes Sold
$675,000 Median Closed Sales Price
$673,582 Average Closed Sales Price
2.6
Months of Inventory
22
Average Days On Market
Summerhill S IN GLE -FA M I LY H O M E S
5
Homes Sold
$640,000 Median Closed Sales Price
$687,800 Average Closed Sales Price
3.6
Months of Inventory
39
Average Days On Market
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Q3 2023 Atlanta Market Snapshot
25
Vinings S IN GLE -FA M ILY H O M E S
17
Homes Sold
$740,000 Median Closed Sales Price
$1,055,912 Average Closed Sales Price
1.9
Months of Inventory
59
Average Days On Market
Virginia Highlands/ Morningside S IN GLE -FA M ILY H O M E S
51
Homes Sold
$1,150,000 Median Closed Sales Price
$1,312,717
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Average Closed Sales Price
2.0
Months of Inventory
23
Average Days On Market
Q3 2023 Atlanta Market Snapshot
26
West End/Adair Park/ Capitol View S IN GLE -FA M ILY H O M E S
117
Homes Sold
$347,000 Median Closed Sales Price
$362,029 Average Closed Sales Price
4.9
Months of Inventory
32
Average Days On Market
West Midtown/ Underwood Hills S IN GLE -FA M ILY H O M E S
74
Homes Sold
$535,000 Median Closed Sales Price
$539,626 Average Closed Sales Price
2.8
Months of Inventory
28
Average Days On Market
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Q3 2023 Atlanta Market Snapshot
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
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Q3 2023 Atlanta Market Snapshot
28
Single-Family Homes OUTSIDE THE PERIMETER
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Q3 2023 Atlanta Market Snapshot
29
Acworth
S IN GLE-FA M ILY H O M E S
333 Homes Sold
$415,000 Median Closed Sales Price
$483,296 Average Closed Sales Price
1.8
Months of Inventory
24
Average Days On Market
Alpharetta S IN GLE-FA M ILY H O M E S
269 Homes Sold
$750,000 Median Closed Sales Price
$880,012
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Average Closed Sales Price
1.8
Months of Inventory
19
Average Days On Market
Q3 2023 Atlanta Market Snapshot
30
Canton S IN GLE- FA M ILY H O M E S
406 Homes Sold
$519,000 Median Closed Sales Price
$574,659 Average Closed Sales Price
2.3
Months of Inventory
30
Average Days On Market
Chattahoochee Hills S IN GLE- FA M ILY H O M E S
6
Homes Sold
$1,187,900 Median Closed Sales Price
$1,148,545 Average Closed Sales Price
5.9
Months of Inventory
88
Average Days On Market
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Q3 2023 Atlanta Market Snapshot
31
Clarkston S IN GLE -FA M ILY H O M E S
13
Homes Sold
$360,000 Median Closed Sales Price
$368,992 Average Closed Sales Price
3.2
Months of Inventory
23
Average Days On Market
Cumming S IN GLE -FA M ILY H O M E S
580 Homes Sold
$607,500 Median Closed Sales Price
$668,758
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Average Closed Sales Price
1.6
Months of Inventory
18
Average Days On Market
Q3 2023 Atlanta Market Snapshot
32
Douglasville S IN GLE -FA M ILY H O M E S
310 Homes Sold
$319,000 Median Closed Sales Price
$355,381
Average Closed Sales Price
2.6
Months of Inventory
29
Average Days On Market
Duluth S IN GLE- FA M ILY H O M E S
146 Homes Sold
$475,000 Median Closed Sales Price
$628,624 Average Closed Sales Price
1.7
Months of Inventory
17
Average Days On Market
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Q3 2023 Atlanta Market Snapshot
33
Dunwoody S IN GLE- FA M I LY H O M E S
71
Homes Sold
$735,000
$831,219
Median Closed Sales Price
Average Closed Sales Price
1.0
Months of Inventory
14
Average Days On Market
East Cobb S IN GLE -FA M I LY H O M E S
502 Homes Sold
$540,000 Median Closed Sales Price
$650,495
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Average Closed Sales Price
1.6
Months of Inventory
17
Average Days On Market
Q3 2023 Atlanta Market Snapshot
34
Fairburn S IN GLE -FA M ILY H O M E S
120 Homes Sold
$376,610 Median Closed Sales Price
$377,288 Average Closed Sales Price
2.3
Months of Inventory
42
Average Days On Market
Fayetteville S IN GLE -FA M I LY H O M E S
63
Homes Sold
$485,000 Median Closed Sales Price
$538,732 Average Closed Sales Price
3.8
Months of Inventory
25
Average Days On Market
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Q3 2023 Atlanta Market Snapshot
35
Johns Creek S IN GLE -FA M ILY H O M E S
99
Homes Sold
$745,000 Median Closed Sales Price
$935,107 Average Closed Sales Price
1.3
Months of Inventory
20
Average Days On Market
Kennesaw S IN GLE-FA M ILY H O M E S
250 Homes Sold
$425,000 Median Closed Sales Price
$497,496
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Average Closed Sales Price
1.5
Months of Inventory
27
Average Days On Market
Q3 2023 Atlanta Market Snapshot
36
Lawrenceville S IN GLE- FA M ILY H O M E S
576 Homes Sold
$400,000 Median Closed Sales Price
$429,298 Average Closed Sales Price
1.9
Months of Inventory
21
Average Days On Market
Mableton S IN GLE-FA M I LY H O M E S
98
Homes Sold
$410,000 Median Closed Sales Price
$438,564 Average Closed Sales Price
1.8
Months of Inventory
20
Average Days On Market
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Q3 2023 Atlanta Market Snapshot
37
Marietta S IN GLE -FA M ILY H O M E S
770 Homes Sold
$499,000 Median Closed Sales Price
$591,555
Average Closed Sales Price
1.6
Months of Inventory
19
Average Days On Market
McDonough S IN GLE -FA M I LY H O M E S
188 Homes Sold
$375,000 Median Closed Sales Price
$394,898
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Average Closed Sales Price
3.3
Months of Inventory
38
Average Days On Market
Q3 2023 Atlanta Market Snapshot
38
Milton S IN GLE -FA M ILY H O M E S
63
Homes Sold
$1,230,000 Median Closed Sales Price
$1,597,906 Average Closed Sales Price
3.8
Months of Inventory
22
Average Days On Market
Norcross S IN GLE- FA M ILY H O M E S
59
Homes Sold
$365,000 Median Closed Sales Price
$409,250 Average Closed Sales Price
1.5
Months of Inventory
28
Average Days On Market
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Q3 2023 Atlanta Market Snapshot
39
Peachtree City S IN GLE-FA M ILY H O M E S
21
Homes Sold
$560,000 Median Closed Sales Price
$579,710
Average Closed Sales Price
1.6
Months of Inventory
37
Average Days On Market
Peachtree Corners S IN GLE- FA M ILY H O M E S
39
Homes Sold
$619,900 Median Closed Sales Price
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
$664,171
Average Closed Sales Price
1.1
Months of Inventory
19
Average Days On Market
Q3 2023 Atlanta Market Snapshot
40
Roswell S IN GLE -FA M ILY H O M E S
230 Homes Sold
$686,000 Median Closed Sales Price
$754,450 Average Closed Sales Price
1.5
Months of Inventory
17
Average Days On Market
Sandy Springs S IN GLE-FA M ILY H O M E S
95
Homes Sold
$911,888 Median Closed Sales Price
$1,136,918 Average Closed Sales Price
2.9
Months of Inventory
29
Average Days On Market
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Q3 2023 Atlanta Market Snapshot
41
Smyrna S IN GLE-FA M ILY H O M E S
197 Homes Sold
$530,000 Median Closed Sales Price
$577,534 Average Closed Sales Price
1.3
Months of Inventory
26
Average Days On Market
Snellville S IN GLE- FA M I LY H O M E S
254 Homes Sold
$375,000 Median Closed Sales Price
$403,630
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Average Closed Sales Price
1.9
Months of Inventory
26
Average Days On Market
Q3 2023 Atlanta Market Snapshot
42
South Fulton S IN GLE- FA M I LY H O M E S
26
Homes Sold
$317,500 Median Closed Sales Price
$418,021
Average Closed Sales Price
3.0
Months of Inventory
38
Average Days On Market
Sugar Hill S IN GLE -FA M I LY H O M E S
63
Homes Sold
$500,000 Median Closed Sales Price
$520,413 Average Closed Sales Price
2.0
Months of Inventory
18
Average Days On Market
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Q3 2023 Atlanta Market Snapshot
43
Suwanee S IN GLE -FA M I LY H O M E S
241 Homes Sold
$644,000 Median Closed Sales Price
$764,102 Average Closed Sales Price
1.4
Months of Inventory
16
Average Days On Market
Tucker S IN GLE -FA M I LY H O M E S
85
Homes Sold
$450,000 Median Closed Sales Price
$489,592
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Average Closed Sales Price
1.8
Months of Inventory
20
Average Days On Market
Q3 2023 Atlanta Market Snapshot
44
Union City S IN GLE -FA M I LY H O M E S
27
Homes Sold
$282,000 Median Closed Sales Price
$280,888 Average Closed Sales Price
3.1
Months of Inventory
41
Average Days On Market
Woodstock S IN GLE -FA M I LY H O M E S
319 Homes Sold
$467,500 Median Closed Sales Price
$524,391
Average Closed Sales Price
1.5
Months of Inventory
23
Average Days On Market
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Q3 2023 Atlanta Market Snapshot
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
45
Q3 2023 Atlanta Market Snapshot
46
Condominiums INSIDE THE PERIMETER
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Q3 2023 Atlanta Market Snapshot
47
Brookhaven/Chamblee CON D OMI NIU M S
42
Homes Sold
$290,000 Median Closed Sales Price
$322,340 Average Closed Sales Price
1.8
Months of Inventory
21
Average Days On Market
Brookwood Hills CON D OMI NIU M S
9
Homes Sold
$600,000 Median Closed Sales Price
$482,308
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Average Closed Sales Price
1.5
Months of Inventory
51
Average Days On Market
Q3 2023 Atlanta Market Snapshot
48
Buckhead CON D O M I NIU M S
220 Homes Sold
$316,000 Median Closed Sales Price
$461,624 Average Closed Sales Price
3.1
Months of Inventory
37
Average Days On Market
Cabbagetown CON D OMI NIU M S
0
Homes Sold
$0
Median Closed Sales Price
$0
Average Closed Sales Price
0.7
Months of Inventory
0
Average Days On Market
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Q3 2023 Atlanta Market Snapshot
49
Collier Hills/Ardmore Park C ON D O M INI U M S
16
Homes Sold
$342,500 Median Closed Sales Price
$406,625 Average Closed Sales Price
3.5
Months of Inventory
24
Average Days On Market
Decatur/Druid Hills/Emory CON D OMINI U M S
43
Homes Sold
$270,000 Median Closed Sales Price
$305,341
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Average Closed Sales Price
1.8
Months of Inventory
22
Average Days On Market
Q3 2023 Atlanta Market Snapshot
50
Downtown CON D O M I NIU M S
54
Homes Sold
$286,000 Median Closed Sales Price
$327,738 Average Closed Sales Price
4.5
Months of Inventory
40
Average Days On Market
Edgewood/Kirkwood C ON D O M INI U M S
13
Homes Sold
$340,000 Median Closed Sales Price
$341,684 Average Closed Sales Price
3.0
Months of Inventory
34
Average Days On Market
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Q3 2023 Atlanta Market Snapshot
51
Garden Hills C ON D O M INI U M S
11
Homes Sold
$439,000 Median Closed Sales Price
$466,527 Average Closed Sales Price
2.7
Months of Inventory
33
Average Days On Market
Grant Park/Glenwood Park C ON D OMI NIU M S
11
Homes Sold
$494,900 Median Closed Sales Price
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
$410,162
Average Closed Sales Price
2.2
Months of Inventory
55
Average Days On Market
Q3 2023 Atlanta Market Snapshot
52
Inman Park CON D OMI NIU M S
4
Homes Sold
$388,000 Median Closed Sales Price
$391,500 Average Closed Sales Price
3.1
Months of Inventory
4
Average Days On Market
Midtown CON D O M I NIU M S
150 Homes Sold
$352,200 Median Closed Sales Price
$425,278 Average Closed Sales Price
3.0
Months of Inventory
30
Average Days On Market
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Q3 2023 Atlanta Market Snapshot
53
Old Fourth Ward/ Poncey Highland C ON D OMI NIU M S
28
Homes Sold
$336,000 Median Closed Sales Price
$406,745 Average Closed Sales Price
2.0
Months of Inventory
17
Average Days On Market
Peachtree Hills C ON D OMI NIU M S
14
Homes Sold
$265,000 Median Closed Sales Price
$304,379
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Average Closed Sales Price
3.7
Months of Inventory
52
Average Days On Market
Q3 2023 Atlanta Market Snapshot
54
Vinings CON D O M I NIU M S
24
Homes Sold
$308,500 Median Closed Sales Price
$499,267 Average Closed Sales Price
1.8
Months of Inventory
27
Average Days On Market
Virginia Highlands/ Morningside CON D O M I NIU M S
24
Homes Sold
$292,470 Median Closed Sales Price
$357,474 Average Closed Sales Price
1.9
Months of Inventory
40
Average Days On Market
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Q3 2023 Atlanta Market Snapshot
55
West End/Adair Park/ Capitol View CON D O M I NIU M S
9
Homes Sold
$209,000
$232,111
Median Closed Sales Price
Average Closed Sales Price
2.9
Months of Inventory
54
Average Days On Market
West Midtown CON D O M I NIU M S
70
Homes Sold
$285,500 Median Closed Sales Price
$322,569
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Average Closed Sales Price
3.8
Months of Inventory
23
Average Days On Market
Q3 2023 Atlanta Market Snapshot
56
Condominiums OUTSIDE THE PERIMETER
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Q3 2023 Atlanta Market Snapshot
57
Cumming CON D O M I NIU M S
20
Homes Sold
$489,500
$465,911
Median Closed Sales Price
Average Closed Sales Price
1.9
Months of Inventory
99
Average Days On Market
Duluth CON D OMI NIU M S
10
Homes Sold
$244,900 Median Closed Sales Price
$254,767
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Average Closed Sales Price
0.9
Months of Inventory
10
Average Days On Market
Q3 2023 Atlanta Market Snapshot
58
East Cobb C ON D O M I NIU M S
66
Homes Sold
$280,500 Median Closed Sales Price
$294,567 Average Closed Sales Price
1.3
Months of Inventory
20
Average Days On Market
Marietta/Smyrna/ Vinings C ON D OMI NIU M S
92
Homes Sold
$271,250 Median Closed Sales Price
$337,160
Average Closed Sales Price
1.7
Months of Inventory
16
Average Days On Market
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Q3 2023 Atlanta Market Snapshot
59
Norcross/Peachtree Corners CON D OMI NIU M S
13
Homes Sold
$250,000 Median Closed Sales Price
$298,336 Average Closed Sales Price
2.9
Months of Inventory
16
Average Days On Market
Roswell/Alpharetta/ Johns Creek CON D O M I NIU M S
58
Homes Sold
$325,000 Median Closed Sales Price
$387,443
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Average Closed Sales Price
1.3
Months of Inventory
20
Average Days On Market
Q3 2023 Atlanta Market Snapshot
60
Sandy Springs/Dunwoody/ Perimeter C ON D O M INI U M S
103 Homes Sold
$259,000 Median Closed Sales Price
$271,300 Average Closed Sales Price
1.4
Months of Inventory
23
Average Days On Market
Woodstock C ON D O M INI U M S
7
Homes Sold
$419,000 Median Closed Sales Price
$412,143
Average Closed Sales Price
3.9
Months of Inventory
14
Average Days On Market
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Q3 2023 Atlanta Market Snapshot
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
61
Q3 2023 Atlanta Market Snapshot
62
Townhomes INSIDE THE PERIMETER
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Q3 2023 Atlanta Market Snapshot
63
Brookhaven/ Chamblee TOWN HO M E S
53
Homes Sold
$560,000 Median Closed Sales Price
$575,063 Average Closed Sales Price
1.9
Months of Inventory
14
Average Days On Market
Buckhead TOWN HO M E S
83
Homes Sold
$630,000 Median Closed Sales Price
$688,453
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Average Closed Sales Price
2.5
Months of Inventory
29
Average Days On Market
Q3 2023 Atlanta Market Snapshot
64
Cascade East TOWN HO M E S
14
Homes Sold
$167,500 Median Closed Sales Price
$162,161
Average Closed Sales Price
3.6
Months of Inventory
32
Average Days On Market
Cascade West TOWN HO M E S
16
Homes Sold
$274,500 Median Closed Sales Price
$217,894
Average Closed Sales Price
3.0
Months of Inventory
28
Average Days On Market
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Q3 2023 Atlanta Market Snapshot
65
Collier Hills/ Ardmore
TOWN HO M E S
11
Homes Sold
$395,000 Median Closed Sales Price
$675,755 Average Closed Sales Price
1.1
Months of Inventory
20
Average Days On Market
Decatur/Emory/ Druid Hills TOWN HO M E S
24
Homes Sold
$596,000 Median Closed Sales Price
$569,640
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Average Closed Sales Price
3.1
Months of Inventory
32
Average Days On Market
Q3 2023 Atlanta Market Snapshot
66
Downtown TOWN HO M E S
0
Homes Sold
$0
Median Closed Sales Price
$0
Average Closed Sales Price
0.6
Months of Inventory
0
Average Days On Market
East Atlanta TOWN HO M E S
2
Home Sold
$644,513 Median Closed Sales Price
$644,513 Average Closed Sales Price
3.3
Months of Inventory
3
Average Days On Market
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Q3 2023 Atlanta Market Snapshot
67
East Point TOWN HO M E S
3
Homes Sold
$290,000 Median Closed Sales Price
$283,333 Average Closed Sales Price
2.2
Months of Inventory
27
Average Days On Market
Edgewood/Kirkwood TOWN HO M E S
10
Homes Sold
$492,000 Median Closed Sales Price
$528,890
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Average Closed Sales Price
3.2
Months of Inventory
27
Average Days On Market
Q3 2023 Atlanta Market Snapshot
68
Grant Park/Glenwood Park/ Ormewood Park TOWN HO M E S
11
Homes Sold
$495,000 Median Closed Sales Price
$495,247 Average Closed Sales Price
2.6
Months of Inventory
33
Average Days On Market
Inman Park TOWN HO M E S
6
Homes Sold
$972,500 Median Closed Sales Price
$946,250 Average Closed Sales Price
0.3
Months of Inventory
31
Average Days On Market
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Q3 2023 Atlanta Market Snapshot
69
Midtown TOWN HO M E S
2
Homes Sold
$572,000 Median Closed Sales Price
$572,000 Average Closed Sales Price
2.5
Months of Inventory
27
Average Days On Market
Old Fourth Ward/ Poncey Highlands TOWN HO M E S
9
Homes Sold
$750,000 Median Closed Sales Price
$807,989
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Average Closed Sales Price
4.2
Months of Inventory
21
Average Days On Market
Q3 2023 Atlanta Market Snapshot
70
Reynoldstown TOWN HO M E S
6
Homes Sold
$627,500 Median Closed Sales Price
$692,000 Average Closed Sales Price
2.6
Months of Inventory
34
Average Days On Market
Summerhill TOWN HO M E S
12
Homes Sold
$531,000 Median Closed Sales Price
$555,847 Average Closed Sales Price
2.3
Months of Inventory
112
Average Days On Market
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Q3 2023 Atlanta Market Snapshot
71
Vinings TOWN HO M E S
30
Homes Sold
$490,583 Median Closed Sales Price
$490,812 Average Closed Sales Price
2.9
Months of Inventory
45
Average Days On Market
West Midtown TOWN HO M E S
73
Homes Sold
$478,310 Median Closed Sales Price
$514,039
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Average Closed Sales Price
2.8
Months of Inventory
39
Average Days On Market
Q3 2023 Atlanta Market Snapshot
72
Townhomes OUTSIDE THE PERIMETER
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Q3 2023 Atlanta Market Snapshot
73
Acworth TOWN HO M E S
28
Homes Sold
$307,000 Median Closed Sales Price
$335,984 Average Closed Sales Price
2.2
Months of Inventory
22
Average Days On Market
Canton TOWN HO M E S
23
Homes Sold
$450,000 Median Closed Sales Price
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
$470,115
Average Closed Sales Price
3.1
Months of Inventory
33
Average Days On Market
Q3 2023 Atlanta Market Snapshot
74
Cumming TOWN HO M E S
25
Homes Sold
$406,000 Median Closed Sales Price
$416,145
Average Closed Sales Price
1.4
Months of Inventory
25
Average Days On Market
Duluth TOWN HO M E S
60
Homes Sold
$375,000 Median Closed Sales Price
$384,941 Average Closed Sales Price
2.3
Months of Inventory
30
Average Days On Market
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Q3 2023 Atlanta Market Snapshot
75
East Cobb TOWN HO M E S
60
Homes Sold
$399,500 Median Closed Sales Price
$404,631 Average Closed Sales Price
1.8
Months of Inventory
31
Average Days On Market
Fairburn TOWN HO M E S
58
Homes Sold
$316,929 Median Closed Sales Price
$315,826
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Average Closed Sales Price
1.3
Months of Inventory
19
Average Days On Market
Q3 2023 Atlanta Market Snapshot
76
Jonesboro TOWN HO M E S
10
Homes Sold
$237,500 Median Closed Sales Price
$207,000 Average Closed Sales Price
1.9
Months of Inventory
21
Average Days On Market
Kennesaw TOWN HO M E S
64
Homes Sold
$351,000 Median Closed Sales Price
$374,058 Average Closed Sales Price
2.0
Months of Inventory
31
Average Days On Market
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Q3 2023 Atlanta Market Snapshot
77
Lawrenceville TOWN HO M E S
82
Homes Sold
$341,250 Median Closed Sales Price
$347,758 Average Closed Sales Price
3.0
Months of Inventory
28
Average Days On Market
Mableton TOWN HO M E S
66
Homes Sold
$372,240 Median Closed Sales Price
$354,778
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Average Closed Sales Price
2.4
Months of Inventory
28
Average Days On Market
Q3 2023 Atlanta Market Snapshot
78
Marietta/Smyrna/ Vinings TOWN HO M E S
180 Homes Sold
$404,500 Median Closed Sales Price
$401,347 Average Closed Sales Price
2.2
Months of Inventory
31
Average Days On Market
Milton TOWN HO M E S
14
Homes Sold
$734,500 Median Closed Sales Price
$748,214
Average Closed Sales Price
2.4
Months of Inventory
39
Average Days On Market
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Q3 2023 Atlanta Market Snapshot
79
Norcross/Peachtree Corners TOWNH O M E S
77
Homes Sold
$432,000
$431,317
Median Closed Sales Price
Average Closed Sales Price
1.7
Months of Inventory
53
Average Days On Market
Roswell/Alpharetta/ Johns Creek TOWN HO M E S
184 Homes Sold
$550,000 Median Closed Sales Price
$596,904
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Average Closed Sales Price
2.3
Months of Inventory
29
Average Days On Market
Q3 2023 Atlanta Market Snapshot
80
Sandy Springs/Dunwoody/ Perimeter TOWN HO M E S
90
Homes Sold
$386,500 Median Closed Sales Price
$439,890 Average Closed Sales Price
1.7
Months of Inventory
22
Average Days On Market
Suwanee TOWN HO M E S
30
Homes Sold
$490,000 Median Closed Sales Price
$480,997 Average Closed Sales Price
2.2
Months of Inventory
30
Average Days On Market
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Q3 2023 Atlanta Market Snapshot
81
Stone Mountain TOWN HO M E S
42
Homes Sold
$217,500 Median Closed Sales Price
$226,545 Average Closed Sales Price
1.9
Months of Inventory
26
Average Days On Market
Tucker TOWNH O M E S
22
Homes Sold
$288,000 Median Closed Sales Price
$319,688
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Average Closed Sales Price
1.0
Months of Inventory
41
Average Days On Market
Q3 2023 Atlanta Market Snapshot
82
Union City TOWN HO M E S
19
Homes Sold
$235,000 Median Closed Sales Price
$204,889 Average Closed Sales Price
1.5
25
Months of Inventory
Average Days On Market
1.6
28
Woodstock TOWN HO M E S
79
Homes Sold
$435,000 Median Closed Sales Price
$445,133
Average Closed Sales Price
Months of Inventory
Average Days On Market
Source: FMLS, InfoSparks, TrendGraphix, Q3 2023 (7/1/23 to 9/30/23)
evatlanta.com
Q3 2023 Atlanta Market Snapshot
83
Key Indicators Glossary The following key indicators are used throughout this report to describe market trends:
Active Listings
New Listings
Closed Sales
Properties that are currently listed for sale on FMLS. Additional properties may be for
New listings are those that have been added to FMLS in a given month. They
Closed sales represent homes that have sold and transactions have been finalized.
sale at any given time— such as for-sale by owner homes or off-market listings— but are not included in the count of “active listings” in this report if they are not in the FMLS database.
do not include active listings that were entered in previous months.
This indicator tends to lag market trends slightly because properties typically close one to two months after an offer has been accepted and buyers have locked their interest rates.
Pending Sales
Sale Price
Sale Price to List Price Ratio
Pending sales are properties that have accepted an offer from a buyer and is in the due diligence period. The sales transaction has not happened yet. This is a leading indicator because it give us insight into how buyers and sellers are reacting to the most current market conditions.
The sale price is the final amount paid for a home. It is measured as either an average or a median, with the average price tending to be skewed higher by the highest priced homes. It does not reflect seller concessions, such as closing costs that may have been paid.
The sale price to list price ratio (SP/LP) indicates if a home sold at (100%), above (>100%), or below (<100%) the listed asking price. The sale price to original list price ratio (SP/OLP) compares the sale price to the original asking price, as the current asking price may have reflected price changes.
Days on Market
Months of Inventory
Days on market (DOM) measures how Months of inventory indicates how long it would likely take to sell currently listed long it takes from the time a home is homes, if no new inventory were added. It is measured as a ratio of active listings to listed until the owner signs a contract homes sold. 5 to 6 months of inventory is considered a balanced market. Less than 6 for the sale of a property. This tends months supply tends to favor sellers, and more tends to favor buyers. to vary based on the desirability of a Source: FMLS, InfoSparks, TrendGraphix, given property, market conditions, Q3 and2023 (7/1/23 to 9/30/23) season.
evatlanta.com
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