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.
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