Below is the summary for Greater Metro Atlanta and North Georgia through August 2019.

The entry-level market has strong demand and very low inventory. There are many multiple offers and values are rising faster than other segments. 85% of all transactions are in the $100K-$500K price range. The mid-market ($500,000 to $1 mil) is showing normal market conditions with 6 months of inventory. The luxury market ($1 mil ) remains a buyer’s market in most areas with sellers having to be more aggressive to attract buyers.


August results show a 1.3% decline in closings compared to last year. New Listings were up 3.5% and pending contracts were up 9% relative to last August. Listed Inventory is up 7.9% - mostly in the segments above $500,000.
Mortgage rates are forecasted to stay historically low through the fourth quarter which is great news for everyone. Metro Atlanta continues to be very affordable relative to other metropolitan areas around the country.
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