According to research from GAMLS,
Fulton County is the Top selling county in Metro Atlanta.
Homes are on the market for sale less than 30 days with multiple offers.
The average sales price in Fulton county through the end of 2019 was $433,492.
That’s an $102,187 increase from just 4 years ago in 2016 when the average sales price was $331,305.
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| County | Units Sold | Avg Sales Price | Inventory (Months Supply) | Median Days on Market | |
|---|---|---|---|---|---|
| Fulton | 867 | $433,492 | 2.69 | 28 | |
| Gwinnett | 949 | $293,010 | 2.49 | 30 | |
| Cobb | 675 | $346,339 | 2.11 | 23 | |
| DeKalb | 601 | $334,233 | 2.69 | 28 | |
| Henry | 355 | $237,529 | 4.21 | 43 | |
| Cherokee | 370 | $335,480 | 2.55 | 27 | |
| Forsyth | 289 | $402,851 | 3.2 | 32 | |
| Paulding | 258 | $243,016 | 3.03 | 36 | |
| Coweta | 247 | $296,282 | 2.78 | 24 | |
| Fayette | 170 | $400,665 | 2.8 | 23 |
In short, there is barely a 2 month supply of inventory that averages 28 days on the market (ex, Fulton County) before it’s reported under contract in the MLS, so the actual average days on market are much less than that. If the property is priced to sell, property owners are receiving multiple offers the day the property is listed for sale. Also if you’re an Atlanta buyer purchasing property much less than the average sales price, now you can see why every property you’ve called about is already under contract, pending or sold.
As a buyer in the Atlanta market or any market that has low inventory, you have to be ready because your competing with other active buyers that are already pre approved & have their proof of funds in hand ready, willing & able to submit a written offer on a property.
This is why getting Pre Approved for a home loan is the first step in starting the home buying process. The early bird gets the worm is not a sales pitch. It’s just the facts & the above chart, along with the MLS data & statistics supports the truth about home buying in Atlanta.
Find out what your home is worth.