Atlanta, GA

Atlanta

The Atlanta market has stabilized over the past two years, and prices have returned to pre-pandemic levels. Coming from a $10M average sales price, Atlanta bounced back to $9M and $10M in the past two years. In the same period, Days On Market (DOM) have also stabilized to an average of 233 and 222 in 2023 and 2024.

Highlights

• Average prices back to pre-pandemic levels at $10M

• Sellers are still aspirational, asking 10% higher than the market

• 24% variance in sale-to-list price ratio for fast and slow-selling properties

Atlanta is cruising Atlanta is very close to the average of our Southern region, with average sales prices being similar in 2023 and just $1M lower in 2024. We see a similar trend with DOM of around 200 days.

A common trend we see throughout the markets is found in Atlanta, as well; there is a marked variance in the final sales compared to original list price between fast-selling properties (within 180 DOM) and slow-selling properties (over 180 DOM). In 2024, faster-selling properties sold for 24% more of their asking price, compared to slower-selling properties.