Atlanta REALTORS Association (ARA), the largest association of its kind in Georgia, released its January 2020 Market Brief on residential housing statistics for 11 area counties in metropolitan Atlanta. The Market Brief, compiled by First Multiple Listing Service (FMLS), provides the only regionally-focused synopsis of monthly sales and home prices for single-family residential properties.    

Annual Comparison

Monthly Comparison

Demand: January residential sales were at 3,280, an increase of 7.8% from the previous year.

Price: Average and median sales prices continue to gain traction and outpace 2019’s figures, with positive gains. The median sales price in January was $273,000, an increase of 7.1% from last January. The average sales price was $336,000, up 6.0% from the previous year.

Supply: Atlanta area housing inventory totaled 11,483 units in January, a decrease of 10.9% from January, 2019. New listings totaled 4,173, down 9.8% from January, 2019 and up 48.4% from the previous month. The month’s supply over a 12-month period decreased to 2.3 months.

Largest Metro Counties Sales Comparison

A Word from 2020 Atlanta REALTORS® President Jennifer Pino: 

Jennifer Pino, President of Atlanta REALTORS® Association said, “National economists have projected sales should increase modestly over 2019, but Metro Atlanta experienced a great start to 2020 with January sales reflecting a strong 7.8% increase. With demand remaining high and inventory levels continuing at historic lows, the median price has increased again by 7%. Interest rates are expected to remain low throughout 2020, which will help keep the monthly mortgage at an affordable level.”