Atlanta REALTORS Releases February 2022 Statistics on Housing Market
Thursday, March 24th, 2022
Atlanta REALTORS Association (ARA), the largest association of its kind in Georgia, released its February 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
|
February 2022 |
February 2021 |
% Change |
|
|
Total Home Sales |
5,073 |
5,338 |
-5.0% |
|
Median Sales Price |
$380,000 |
$313,000 |
21.4% |
|
Average Sales Price |
$445,000 |
$378,000 |
17.7% |
Monthly Comparison
|
February 2022 |
January 2022 |
% Change |
|
|
Total Home Sales |
5,073 |
4,403 |
15.2% |
|
Median Sales Price |
$380,000 |
$375,000 |
1.3% |
|
Average Sales Price |
$445,000 |
$437,000 |
1.8% |
Demand: February residential sales were at 5,073, a decrease of 5.0% from the previous year.
Price: Average and median sales prices continue to outpace 2021’s figures, with positive gains. The median sales price in February was $380,000, an increase of 21.4% from last February. The average sales price was $445,000, up 17.7% from the previous year.
Supply: Atlanta area housing inventory totaled 6,095 units in February, a decrease of 15.2% from February 2021. New listings totaled 6,634, down 3.8% from February 2021 and up 6.9% from the previous month. The month’s supply over a 12-month period decreased to 0.9 months.
Largest Metro Counties Sales Comparison
|
Total Units Sold |
Median Sales Price |
Average Sales Price |
|
|
Cobb |
862 |
$390,500 |
$440,500 |
|
DeKalb |
771 |
$342,000 |
$408,000 |
|
Fulton |
1,271 |
$402,000 |
$521,000 |
|
Gwinnett |
894 |
$377,500 |
$412,000 |
