Atlanta REALTORS Releases April 2022 Statistics on Housing Market

Staff Report

Tuesday, May 24th, 2022

Atlanta REALTORS Association (ARA), the largest association of its kind in Georgia, released its April 2022 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
April 2022 April 2021 % Change
Total Home Sales 6,331 7,344 -13.8%
Median Sales Price $412,500 $343,000 20.3%
Average Sales Price $500,500 $423,500 18.2%
Monthly Comparison
April 2022 March 2022 % Change
Total Home Sales 6,331 6,810 -7.0%
Median Sales Price $412,500 $395,000 4.4%
Average Sales Price $500,500 $472,000 6.0%
Demand: April residential sales were at 6,331, a decrease of 13.8% from the previous year.

Price: Average and median sales prices continue to outpace 2021’s figures, with positive gains. The median sales price in April was $412,500, an increase of 20.3% from last April. The average sales price was $500,500, up 18.2% from the previous year.

Supply: Atlanta area housing inventory totaled 7,245 units in April, a decrease of 6.2% from April 2021. New listings totaled 8,153, down 11.7% from April 2021 and down 2.1% from the previous month. The month’s supply over a 12-month period increased to 1.1 months.

Largest Metro Counties Sales Comparison
County Total Units Sold Median Sales Price Average Sales Price
Cobb 1,059 $408,000 $477,000
Dekalb 928 $395,000 $476,500
Fulton 1,601 $440,000 $608,500
Gwinnett 1,107 $415,000 $463,500

A Word from 2022 Atlanta REALTORS President, Karen Hatcher:

“Metro Atlanta reached record highs for median and average sales price at $412,500 and $500,500 respectively for April indicating the the housing market is still hot,” reports Atlanta REALTORS Association President Karen Hatcher. “This is the first time ever the median price has been over $400,000 and the average price over $500,000.”

“As we moved into the busy spring season, we saw a slight increase in inventory with supply inching back over 1 month for the first time since December,” says Hatcher. “Although a positive sign, we are still very much in a Seller’s market.”

“While interest rates are rising, they are historically still low. We are continuing to see multiple offers on homes and offers above the list price. Buyers should continue to stay prepared for a search that could take months,” stated Hatcher. “We encourage buyers to work with a REALTOR and be ready to act quickly. This market requires a very close watchful eye and a strong network as properties go under contract within days of listing.”

“As Metro Atlanta continues to progress economically, and with our current state of inventory, we will continue to see rising prices. It’s exciting to see the growth of the city, but we need to continue our focus and work to ensure everyone has access to home ownership.”