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Atlanta REALTORS Releases August 2021 Statistics on Housing Market

Tuesday, September 21st, 2021

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

Annual Comparison

 
August 2021
August 2020
% Change
Total Home Sales
7,284
7,721
-5.7%
Median Sales Price
$360,000
$306,000
17.6%
Average Sales Price
$428,000
$373,500
14.6%

 

Monthly Comparison
 
August 2021
July 2021
% Change
Total Home Sales
7,284
7,736
-5.8%
Median Sales Price
$360,000
$365,000
-1.4%
Average Sales Price
$428,000
$438,500
-2.4%

 

Demand: August residential sales were at 7,284, a decrease of 5.7% from the previous year.

Price: Average and median sales prices continue to outpace 2020’s figures, with positive gains. The median sales price in August was $360,000, an increase of 17.6% from last August. The average sales price was $428,000, up 14.6% from the previous year.

Supply: Atlanta area housing inventory totaled 9,205 units in August, a decrease of 29.8% from August 2020. New listings totaled 8,753, down 3.6% from August 2020 and down 7.1% from the previous month. The month’s supply over a 12-month period decreased to 1.3 months.

 

Largest Metro Counties Sales Comparison
 
Total Units Sold
Median Sales Price
Average Sales Price
Cobb
1,290
$363,000
$405,500
DeKalb
926
$350,000
$412,500
Fulton
1,809
$400,000
$522,000
Gwinnett
1,416
$350,000
$391,500


A Word from 2021 Atlanta REALTORS® President Cynthia Lippert:

“With inventory once again reflecting a significant decline in comparison to 2020, and less than half of what was on the market in 2019, the August closings are reflecting this ongoing challenge," stated Cynthia Lippert, 2021 President of the Atlanta REALTORS® Association. “Sales are historically strong for the month of August but are down slightly in comparison to a very robust market in 2020.” 
“The standout factor among seasonal patterns, however, is prices, which are steadily increasing without signs of slowing down anytime soon,” says Lippert in reference to the average home price increasing by 14% from 2020, and the median home price increasing by 17%”. 

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.

For more information or details on the reports, please contact Atlanta REALTORS® at 404-250-0051.