Atlanta REALTORS Releases August 2023 Statistics on Housing Market
Tuesday, September 26th, 2023
Atlanta REALTORS® Association (ARA), the largest association of its kind in Georgia, released its August 2023 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.
| August 2023 | August 2022 | % Change | |
| Total Home Sales | 5,088 | 5,984 | -15.0% |
| Median Sales Price | $425,000 | $406,000 | 4.7% |
| Average Sales Price | $515,000 | $482,500 | 6.7% |
| August 2023 | July 2023 | % Change | |
| Total Home Sales | 5,088 | 4,783 | 6.4% |
| Median Sales Price | $425,000 | $420,000 | 1.2% |
| Average Sales Price | $515,000 | $508,000 | 1.3% |
Demand: August residential sales were at 5,088, a decrease of 15.0% from the previous year.
Price: Average and median sales prices continue to outpace 2022’s figures, with positive gains. The median sales price in August was $425,000, an increase of 4.7% from last August. The average sales price was $515,000, up 6.7% from the previous year.
Supply: Atlanta area housing inventory totaled 10,607 units in August, a decrease of 16.5% from August 2022. New listings totaled 6,896, down 15.2% from August 2022 and up 0.4% from the previous month. The month’s supply over a 12-month period increased to 2.3 months.
| County | Total Units Sold | Median Sales Price | Average Sales Price |
| Cobb | 879 | $430,000 | $507,000 |
| DeKalb | 742 | $385,000 | $482,000 |
| Fulton | 1,163 | $445,000 | $612,000 |
| Gwinnett | 953 | $425,000 | $464,500 |
