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

Monthly Comparison

Demand: February residential sales were at 5,094, a decrease of 3.2% from the previous year.

Price: Average and median sales prices continue to outpace 2020’s figures, with positive gains. The median sales price in February was $315,000, an increase of 16.7% from last February. The average sales price was $380,500, up 16.4% from the previous year.

Supply: Atlanta area housing inventory totaled 7,571 units in February, a decrease of 50.6% from February 2020. New listings totaled 6,957, down 11.5% from February 2020 and up 3.1% from the previous month. The month’s supply over a 12-month period decreased to 1.2 months.

Largest Metro Counties Sales Comparison

A Word from 2021 Atlanta REALTORS® President Cynthia Lippert:

"The unprecedented seller’s market in Metro Atlanta seems unlikely to slow down anytime soon based on February numbers," stated Cynthia Lippert, 2021 President of the Atlanta REALTORS® Association. “ But the flattening of sales volume in year over year comparison is a reflection of the continued inventory shortages which are far from meeting buyer demand.”

“It could take a year or more to bring inventory levels back up to meet the demand,” Lippert estimates. “That’s the solution to rebalancing the market.” 

“The good news for sellers is that it’s still the best time we’ve seen to sell a home. However, even in a hot market, it’s imperative to work with a professional Realtor® throughout the process. Amazing results aren’t a given without strategic marketing and proper advice.”

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.