"Active inventory in Atlanta fell nearly 6% year over year, contrasting with a 4.6% growth in national inventory, indicating a tightening market that favors sellers."
"The median list price in Atlanta rose to $380,475, up 1.5% year over year, while the national median price fell by 1.4%, showcasing Atlanta's resilience."
"Despite a tightening market, homes in Atlanta took longer to sell, with the typical home sitting for 52 days, a 10.6% increase from the previous year."
Atlanta's real estate market is experiencing a tightening phase, with active inventory decreasing by nearly 6% year over year. In contrast, the national supply has grown. The median list price in Atlanta rose to $380,475, while the national median fell. Despite this, 20% of listings required price cuts, indicating risks for sellers. Homes are taking longer to sell, with the average time on the market increasing by 10.6% to 52 days, aligning with the national median.
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