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

Monthly Comparison

Demand: January residential sales were at 4,289, a decrease of 8.8% from the previous year.

Price: Average and median sales prices continue to outpace 2021’s figures, with positive gains. The median sales price in January was $375,000, an increase of 23.0% from last January. The average sales price was $438,500, up 16.9% from the previous year.

Supply: Atlanta area housing inventory totaled 6,240 units in January, a decrease of 24.2% from January 2021. New listings totaled 6,166, down 12.3% from January 2021 and up 24.1% from the previous month. The month’s supply over a 12-month period decreased to 0.9 months.

Largest Metro Counties Sales Comparison

“It’s worth noting that 2022 will be the first year of somewhat normalized data, in that it’s not being compared to 2020,”  notes Atlanta REALTORS Association President Karen Hatcher. 

“Carrying over from the strong trend at the end of last year, sales continue to show year over year decline as the inventory that’s making it to the market just isn’t sufficient to meet demand,” stated Hatcher. “With inventory continuously falling short, prices are naturally going to keep increasing,” Hatcher warns buyers. “It’s going to take a long time for supply to catch up, which means it’s only going to get more expensive to buy, not less.”

“For anyone considering buying or selling in the coming year, it’s going to be especially important to plan carefully,” cautions Hatcher, adding that although it may seem straightforward, it’s not a time to try to go it alone. We expect more consumers to choose to work with a professional REALTOR® as the market gets increasingly nuanced throughout this year.

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.