Dorsey Alston Data Show Atlanta's Housing Prices Stable

The mid-year data compiled by Dorsey Alston, Realtors shows a glass-more-than-half-full snapshot of the metro Atlanta housing market.

COVID-19 has affected the market in terms of the numbers of listings and the number of sales. However, when Georgia opened up following the stay at home directive, buyers and sellers alike hit the market. While delayed, there was a surge of new listings, just not enough to meet the demand.

The upshot is even as the number of actual sales declined across metro Atlanta, prices remained stable. Some markets, like Intown and East Cobb, experienced average price increases.

Available months of inventory was down 18% compared to the same period last year. Home sales this quarter mirrored that decline, falling 20.6%.

Meanwhile, low-interest rates continue to make this an opportune time buy. The low inventory levels bring higher prices and less time on market for sellers.

Despite the upheaval, it continues to be a sellers market, and with interest rates at historic lows nudging buyers into the market, we look for that trend to continue into the fall.

Dorsey Alston, REALTORS has provided the best home buying and home selling experience for generations of Atlantans and their families. Dorsey Alston is a member of Luxury Portfolio International, the largest high-end property network; and Leading Real Estate Companies of the World, both of which give Dorsey Alston and their clients access to a network of the finest luxury real estate firms throughout the world. For more information, visit dorseyalston.com.