By all accounts it appears that the Atlanta housing market is slowly, at glacial speed in some areas, recovering. Recovering as in a traditional market, not the nonsense noted during the boom. The number of sales have increased overall, substantially in many areas. Sale to list ratios are also up in almost all areas and the days on market are down, 80 days overall and under 70 in many. An important note however is the impact of low priced homes; Atlanta is a buzz with investors, speculators and first time buyers. When reviewing the data, keep that in mind.
The charts below are courtesy of Chartmasters and they illustrate change in number sold (year over year), sale to list ratio (2nd qtr '12 only) and days on market (2nd qtr '12 only). Key points:
- Sale to list ratio is greatest in eastern Gwinnett County at 94.8%, SW Fulton County at 94.5% and SE Dekalb County at 93.3%. Overall average is 91.2%.
- Shortest days on market time was in SE Dekalb County at 49, SW Fulton County at 53 and Western Gwinnett County at 55. Overall average was 80.
- Greatest change in number sold was in NE Dekalb County at 57%, South Dekalb County at 32.6% and Sandy Springs (ITP) at 31.4%. Overall average was 6.7%
An area map is below, find your area of interest and scroll down to the charts. A broad look at the Atlanta real estate market 2nd quarter '12 stats, impact of distressed homes and home price changes are also available for your review. Current data updated weekly by zip code is always available at the Atlanta Real Estate Conditions pages.