Market Update – Atlanta
Spring is here and the busy market continues to drive sales prices over the asking price. Strong buyer demand and limited housing supply show no signs of easing soon, pointing to a continuation of this market trend through spring into summer.
Speed of the Market
Speed of the market: 85.9% – Based on Sales-to-Active Listing Ratio.
Home Sales
There wee 6,896 sales in April. Inventory declined 52.8% compared to last year.
- A 28.2% increase compared to April 2020.
Listings
There were 9,295 new listings in April:
Both the listings and sales activity have increased, resulting in an upward trend in prices.
- 21.2 % increase compared to April 2020.
Average Sold Price
The average sold price equaled to $426,000.
- A 21.5% increase compared to March 2021. Median Price also surpassed last year’s level by 17%.
Total Pending Sales
Total Pending sales equaled to 9,500. The month’s supply over a 12-month period increased to 1.2 months.
- A 37.7% increase compared to April 2020.