Atlanta REALTORS Releases April 2021 Statistics on Housing Market
Friday, May 14th, 2021
The Atlanta REALTORS® Association (ARA), the largest association of its kind in Georgia, released its April 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
|
April 2021
|
April 2020
|
% Change
|
|
|
Total Home Sales
|
6,896
|
5,381
|
28.2%
|
|
Median Sales Price
|
$345,000
|
$295,000
|
16.9%
|
|
Average Sales Price
|
$426,000
|
$350,500
|
21.5%
|
Monthly Comparison
|
April 2021
|
March 2021
|
% Change
|
|
|
Total Home Sales
|
6,896
|
7,316
|
-5.7%
|
|
Median Sales Price
|
$345,000
|
$330,000
|
4.5%
|
|
Average Sales Price
|
$426,000
|
$396,500
|
7.4%
|
Demand: April residential sales were at 6,896, an increase of 28.2% from the previous year.
Price: Average and median sales prices continue to outpace 2020’s figures, with positive gains. The median sales price in April was $345,000, an increase of 16.9% from last April. The average sales price was $426,000, up 21.5% from the previous year.
Supply: Atlanta area housing inventory totaled 8,023 units in April, a decrease of 52.8% from April 2020. New listings totaled 9,295, up 21.2% from April 2020 and up 4.9% from the previous month. The month’s supply over a 12-month period increased to 1.2 months.
Largest Metro Counties Sales Comparison
|
Total Units Sold
|
Median Sales Price
|
Average Sales Price
|
|
|
Cobb
|
1,147
|
$352,000
|
$418,000
|
|
DeKalb
|
1,019
|
$365,000
|
$422,000
|
|
Fulton
|
1,863
|
$395,000
|
$524,500
|
|
Gwinnett
|
1,206
|
$325,000
|
$363,000
|
A Word from 2021 Atlanta REALTORS® President Cynthia Lippert:
"Inventory decreases appear to have stabilized over the last few months, albeit, at an extremely low level of only 1.2 months supply." stated Cynthia Lippert, 2021 President of the Atlanta REALTORS® Association. “Sales are continuing to remain strong with an impressive 28% increase over 2020.”
“This increased activity comes at a price making affordable housing more elusive for an increasing percentage of buyers. The shortage of affordable housing is no longer isolated to the most impoverished segments of our population,” cautions Lippert, noting that first time buyers and lower income professionals like teachers and frontline medical workers in particular are being priced out of the market as the average home price in the metro area exceeded $400,000 for the first time in April.
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.
