Atlanta REALTORS® Association (ARA), the largest association of its kind in Georgia, released its July 2021 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.     

Monthly Comparison

Demand: July residential sales were at 7,459, a decrease of 11.5% from the previous year.

Largest Metro Counties Sales Comparison

A Word from 2021 Atlanta REALTORS® President Cynthia Lippert:

“The decline in sales is noteworthy, but not necessarily unexpected, and represented by several likely factors," stated Cynthia Lippert, 2021 President of the Atlanta REALTORS® Association. “Inventory is still down 33% year over year and remains at only 1.3 months of supply. Additionally, as many popular travel destinations re-opened heading into Summer, many pandemic-weary travelers returned to the skies, beaches, and just about anywhere but their living rooms in an attempt to enjoy some normalcy.”

“Buyers who stay the course and purchase sooner may benefit from earlier and steeper equity growth than they might if they wait six months.” proclaims Lippert. “As frustrating as it is to be in the market for a home right now,” says Lippert, “buyers may do well, maybe better, by pairing up with a REALTOR and persevering.”

For more information or details on the reports, please contact Atlanta REALTORS® at 404-250-0051.The Atlanta REALTORS® Market Brief is designed to offer an overview of the Atlanta residential market by providing a synopsis of sales and home prices, and covers 11 counties: Cherokee, Clayton, Cobb, DeKalb, Douglas, Forsyth, Fulton, Gwinnett, Fayette, Henry and Paulding. The numbers in the reports are updated each month to reflect any additional recordings from the previous month. Each month, the numbers reported for the previous month are updated to reflect additional recordings.