The 2021 Market Stats for Metro Atlanta
The stats that sum up our Metro Atlanta real estate market in 2021.
Today we want to look back on how Metro Atlanta's real estate market fared last year.
In 2021, the average sales price increased by 19% compared to 2020, which may come as no surprise to those keeping an eye on the market. Though the number of homes for sale fell by 21%. All year we had between 20% and 50% of our usual inventory levels, depending on the season, but Atlanta had more inventory than some of the outlying areas.
" In 2021, the average sales price increased by 19% compared to 2020."
Sales declined 12% last year compared to 2020, but the main reason for that was the lack of inventory. More people would have bought if they had more homes to choose from. On average, it took 22 days to sell a home in 2021, which is down from our 31-day average in 2020. We were typically negotiating offers around day seven or eight, then waited to officially put the home under contract until we knew the offer would stick, so that number of days on market is a little inflated.
The list-to-sales price means how much sellers were getting compared to their list price, and we had a 100.9% list-to-sale ratio, compared to 99.3% in 2020. In 2021, on average, we had 22 showings to an offer, meaning that if you were selling, your house had about 22 showings before going under contract. However, with that many buyers, you’ll frequently get multiple offers. Finally, last year buyers saw eight homes on average before going under contract.
If you have any specific questions about what’s happening in your area or real estate in general, please call or email us. We love to run the stats and help educate people about real estate.