Market update from March 2023
March 2023 was a Seller's market! Buyer activity and demand continues to be strong in and around Atlanta. The number of homes for sale was up 34.5% from one year earlier, yet we are still facing a low inventory market. The number of listings for sale remains flat, down 0.14% from February. Sold listings increased 16.94% month over month and decreased 33% year over year. This is also an indicator of an emerging spring real estate market for Metro Atlanta. The Median Sold Price also showed an increase of 3.95% from last month at $395,000. The Days on Market, based on closed sales, was up 78.26% from the previous year, and was down 16.33% from February. We are optimistic with the increase in inventory going into the spring market.
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