2023 Q3 Market Snapshot | Engel & Völkers Atlanta

Q3 2023 Atlanta Market Snapshot

1

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)

Source: 1/1/2021 – 7/31/2021 provided by FMLS

evatlanta.com

1

Q3 2023 Atlanta Market Snapshot

2

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)

evatlanta.com

Q3 2023 Atlanta Market Snapshot

4

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

evatlanta.com

Q3 2023 Atlanta Market Snapshot

5

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)

evatlanta.com

6

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

7

Q3 2023 Atlanta Market Snapshot

8

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

9

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

10

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

11

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

12

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)

evatlanta.com

Average Closed Sales Price

5.2

Months of Inventory

28

Average Days On Market

Q3 2023 Atlanta Market Snapshot

14

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

18

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

20

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

21

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)

evatlanta.com

27

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

Engel & Völkers Atlanta evatlanta.com | 404.845.7724 ©2023 Engel & Völkers. All rights reserved. Each brokerage independently owned and operated. All information provided is deemed reliable but is not guaranteed and should be independently verified. If your property is currently represented by a real estate broker, this is not an attempt to solicit your listing. Engel & Völkers and its independent license partners are Equal Opportunity Employers and fully support the principles of the Fair Housing Act.