LUXURY MARKET UPDATE
QUARTER 1
- 2023
LUXURY MARKET UPDATE
METRO ATLANTA | QUARTER 1 2023
$1M - $2.5M
HOMES FOR SALE (END Q1)
803 74.9%
COMPARED TO Q1 2022
TOTAL NEW LISTINGS
TOTAL HOMES SOLD
438
46
27.8%
COMPARED TO Q1 2022
1041 $1.42M
21.9%
COMPARED TO Q1 2022
COMPARED TO Q1 2022
AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET
3.6% 0.7%
COMPARED TO Q1 2022
BALANCED MARKET
6 months of inventory
MONTHS OF INVENTORY
5.9
148.1%
COMPARED TO Q1 2022
Source: TrendGraphix. Core Counties combined - Cherokee, Cobb, DeKalb, Forsyth, Fulton, Gwinnett, all residential, $1M - $2.5M, stated period versus same period prior year. The above information is believed to be accurate but is not warranted.
For more information and great insights go to HarryNorman.com/Insights
is a balanced market
LUXURY MARKET UPDATE
METRO ATLANTA | QUARTER 1 2023
$2.5M+
HOMES FOR SALE (END Q1)
TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET
TOTAL HOMES SOLD
COMPARED TO Q1 2022
71
275 59.9% 11.2%
COMPARED TO Q1 2022
238 $3.42M
48
COMPARED TO Q1 2022
30.1% 2.6%
COMPARED TO Q1 2022
BUYER’S MARKET
6 months of inventory is a balanced market
COMPARED TO Q1 2022
16.6
23.8% 88.9%
MONTHS OF INVENTORY
COMPARED TO Q1 2022
Source: TrendGraphix. Core Counties combined - Cherokee, Cobb, DeKalb, Forsyth, Fulton, Gwinnett, all residential, $2.5M and above, stated period versus same period prior year. The above information is believed to be accurate but is not warranted.
For more information and great insights go to HarryNorman.com/Insights
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q1) $1M - $2.5M For more information and great insights go to HarryNorman.com/Insights LUXURY
BUCKHEAD | QUARTER 1 2023 Source: TrendGraphix. ZIP 30305 (FMLS), ZIP 30318 (FMLS), ZIP 30326 (FMLS), ZIP 30327 (FMLS), ZIP 30342 (FMLS), all residential, $1M - $2.5M, stated period versus same period prior year. The above information is believed to be accurate but is not warranted. BALANCED MARKET 6 months of inventory is a balanced market 73 6 171 $1.58M 51 123 50% 13.3% 4.5% 7.1% 41.6% 217.4% COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022
MARKET UPDATE
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q1) $2.5M+ For more information and great insights go to HarryNorman.com/Insights
BUCKHEAD | QUARTER 1 2023 Source: TrendGraphix. ZIP 30305 (FMLS), ZIP 30318 (FMLS), ZIP 30326 (FMLS), ZIP 30327 (FMLS), ZIP 30342 (FMLS), all residential, $2.5M and above stated period versus same period prior year. The above information is believed to be accurate but is not warranted. 27 11.6 118 $3.71M 72 117 60.3% 27.3% 61.6% 3.8% 22.9% 84.6% COMPARED TO Q1 2022
TO Q1 2022
TO Q1 2022
TO Q1 2022
TO Q1 2022
TO Q1 2022 BUYER’S MARKET 6 months of inventory is a balanced market
LUXURY MARKET UPDATE
COMPARED
COMPARED
COMPARED
COMPARED
COMPARED
LUXURY MARKET UPDATE
CHEROKEE COUNTY | QUARTER 1 2023
$1M+
HOMES FOR SALE (END Q1)
84
75%
COMPARED TO Q1 2022
71
TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET
52
33.3%
COMPARED TO Q1 2022
TOTAL HOMES SOLD
19
5%
COMPARED TO Q1 2022
COMPARED TO Q1 2022
$1.63M
14.5% 3%
COMPARED TO Q1 2022
MONTHS OF INVENTORY
14.4
122%
COMPARED TO Q1 2022
BUYER’S MARKET
6 months of inventory is a balanced market
Source: TrendGraphix. CHEROKEE COUNTY (FMLS), all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted.
For more information and great insights go to HarryNorman.com/Insights
LUXURY MARKET UPDATE
COWETA | QUARTER 1 2023
$1M+
HOMES FOR SALE (END Q1)
17
41.7%
COMPARED TO Q1 2022
TOTAL NEW LISTINGS
19
90%
COMPARED TO Q1 2022
TOTAL HOMES SOLD
4
AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET
64
55.2%
COMPARED TO Q1 2022
$1.16M
9.6%
COMPARED TO Q1 2022
33.3%
COMPARED TO Q1 2022
MONTHS OF INVENTORY
11.5
21.1%
COMPARED TO Q1 2022
BUYER’S MARKET
6 months of inventory is a balanced market
Source: TrendGraphix. COWETA COUNTY (GAMLS), all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted.
For more information and great insights go to HarryNorman.com/Insights
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q1) $1M+ For more information and great insights go to HarryNorman.com/Insights
DUNWOODY & SANDY SPRINGS | QUARTER 1 2023 Source: TrendGraphix. ZIP 30319 (FMLS), ZIP 30327 (FMLS), ZIP 30328 (FMLS), ZIP 30338 (FMLS), ZIP 30339 (FMLS), ZIP 30342 (FMLS), ZIP 30350 (FMLS), all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted. 113 6 299 $1.91M 52 218 62.7% 33.3% 6% 5.6% 32.7% 131.3% COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 BALANCED MARKET 6 months of inventory is a balanced market
LUXURY MARKET UPDATE
LUXURY MARKET UPDATE
48.8%
COMPARED
COMPARED
COMPARED TO Q1 2022
For more information and great insights go to HarryNorman.com/Insights
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q1) $1M+
EAST COBB | QUARTER 1 2023 Source: TrendGraphix. ZIP 30062 (FMLS), ZIP 30066 (FMLS), ZIP 30067 (FMLS), ZIP 30068 (FMLS), ZIP 30075 (FMLS), all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted.
97
35 6.8
$1.46M 64 87 70.6%
14.1%
5.4% 23.9%
2022
101.4% COMPARED TO Q1
COMPARED TO Q1 2022
TO Q1 2022
COMPARED TO Q1 2022
TO Q1 2022
BALANCED MARKET 6 months of inventory is a balanced market
LUXURY MARKET UPDATE
FAYETTE COUNTY | QUARTER 1 2023
$1M+
HOMES FOR SALE (END Q1)
22
15.8%
COMPARED TO Q1 2022
TOTAL NEW LISTINGS
37
TOTAL HOMES SOLD
15
36.4%
COMPARED TO Q1 2022
AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET
41
2.4%
COMPARED TO Q1 2022
$1.3M
27.6% 0.3%
COMPARED TO Q1 2022
SELLER’S MARKET
6 months of inventory is a balanced market
COMPARED TO Q1 2022
MONTHS OF INVENTORY
4.8
9%
COMPARED TO Q1 2022
Source: TrendGraphix. FAYETTE COUNTY (GAMLS), all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted.
For more information and great insights go to HarryNorman.com/Insights
LUXURY MARKET UPDATE
FORSYTH COUNTY | QUARTER 1 2023
$1M+
HOMES FOR SALE (END Q1)
65
47.7%
COMPARED TO Q1 2022
38
40.7%
COMPARED TO Q1 2022
86
10.3%
TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET
COMPARED TO Q1 2022
$1.44M
3.9%
COMPARED TO Q1 2022
TOTAL HOMES SOLD
31
29.5%
COMPARED TO Q1 2022
MONTHS OF INVENTORY
8.7
257.2%
COMPARED TO Q1 2022
BUYER’S MARKET
6 months of inventory is a balanced market
Source: TrendGraphix. FORSYTH COUNTY (FMLS), all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted.
For more information and great insights go to HarryNorman.com/Insights
LUXURY MARKET UPDATE
GWINNETT COUNTY | QUARTER 1 2023
$1M+
HOMES FOR SALE (END Q1)
96
74.5%
COMPARED TO Q1 2022
TOTAL NEW LISTINGS
31
13.9%
COMPARED TO Q1 2022
AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET
50
66.7%
COMPARED TO Q1 2022
$1.46M
2.7%
COMPARED TO Q1 2022
BALANCED MARKET
6 months of inventory is a balanced market
TOTAL HOMES SOLD
19
9.5%
COMPARED TO Q1 2022
MONTHS OF INVENTORY
5.1
95.5%
COMPARED TO Q1 2022
Source: TrendGraphix. GWINNETT COUNTY (FMLS), all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted.
For more information and great insights go to HarryNorman.com/Insights
LUXURY MARKET UPDATE
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q1) $1M+ For more information and great insights go to HarryNorman.com/Insights
INTOWN | QUARTER 1 2023 Source: TrendGraphix. ZIP 30306 (FMLS), ZIP 30307 (FMLS), ZIP 30308 (FMLS), ZIP 30309 (FMLS), ZIP 30312 (FMLS), ZIP 30316 (FMLS), ZIP 30317 (FMLS), ZIP 30324 (FMLS), ZIP 30329 (FMLS), all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted. 68 6.4 188 $1.59M 39 142 91.9% 34.5% 1.1% 1.4% 33.3% 175.9% COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 BALANCED MARKET 6 months of inventory is a balanced market
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q1) $1M+ For more information and great insights go to HarryNorman.com/Insights
NORTH FULTON | QUARTER 1 2023 Source: TrendGraphix. ZIP 30004 (FMLS), ZIP 30005 (FMLS), ZIP 30009 (FMLS), ZIP 30022 (FMLS), ZIP 30075 (FMLS), ZIP 30076 (FMLS), all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted. 93 7.1 237 $1.52M 49 205 56.5% 75% 6.3% 0.2% 12.3% 102.3% COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 BUYER’S MARKET 6 months of inventory is a balanced market
LUXURY MARKET UPDATE
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q1) $1M+ For more information and great insights go to HarryNorman.com/Insights LUXURY
WEST COBB | QUARTER 1 2023 Source: TrendGraphix. ZIP 30060 (FMLS), ZIP 30062 (FMLS), ZIP 30064 (FMLS), ZIP 30066 (FMLS), ZIP 30080(FMLS), ZIP 30082 (FMLS), ZIP 30101 (FMLS), ZIP 30126 (FMLS), ZIP 30127 (FMLS), ZIP 30144 (FMLS), ZIP 30152 (FMLS), ZIP 30168 (FMLS), ZIP 30339 (FMLS), all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted. 44 7.3 109 $1.32M 48 111 117.6% 17.2% 32.9% 5.5% 10.2% 120.8% COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 COMPARED TO Q1 2022 BUYER’S MARKET 6 months of inventory is a balanced market
MARKET UPDATE
LUXURY MARKET UPDATE
BLAIRSVILLE | QUARTER 1 2023
$1M+
HOMES FOR SALE (END Q1)
TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET
TOTAL HOMES SOLD
COMPARED TO Q1 2022
98
7 40% 40%
COMPARED TO Q1 2022
9 $1.17M
2
COMPARED TO Q1 2022
80% 7.1%
COMPARED TO Q1 2022
BALANCED MARKET
33.3%
COMPARED TO Q1 2022
MONTHS OF INVENTORY
6
71.4%
COMPARED TO Q1 2022
6 months of inventory is a balanced market
For more information and great insights go to HarryNorman.com/Insights
TrendGraphix. Zip 30512, all residential, $1M+, stated
Source:
period versus same period prior year. The above information is believed to be accurate but is not warranted.
LUXURY MARKET UPDATE
BLUE RIDGE | QUARTER 1 2023
$1M+
HOMES FOR SALE (END Q1)
TOTAL HOMES SOLD
33
COMPARED TO Q1 2022
TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET
67
34 100% 71.8%
COMPARED TO Q1 2022
32%
COMPARED TO Q1 2022
$1.75M
8.9%
COMPARED TO Q1 2022
14
7.7%
COMPARED TO Q1 2022
MONTHS OF INVENTORY
9
BUYER’S MARKET 6
130.2%
COMPARED TO Q1 2022
For more information and great insights go to HarryNorman.com/Insights
Source: TrendGraphix. Zip 30513, all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted
months of inventory is a balanced market