Across the markets Dorsey Alston, Realtors closely tracks, new listings last month fell 27% while the number of total active listings climbed 24%, according to data compiled from FMLS.
The total number of sales was down 55%, but the average sales price was up 11% compared to December 2021.
The 11-county metro region had similar numbers. New listings fell 23% and total active listings were up 47%. The number of sales fell 50% and the average sales price was up 5% to $466,292.
Active listings soared 64% in North Fulton, where the average sales price climbed 20% over last year to $762,674. The number of new listings during the month fell 22% to 163 total, while the number of sales fell 49%. The average sales price for a detached single-family home was $842,927, a 17% increase over December 2021.
In Buckhead, sales fell 58% from 270 in December 2021 to 113 in December 2022, but the average sales price was up 10% to $797,340 and up 20% to $1,366,910 for detached single-family homes. New listings were down 21%, while total active listings were down 5%.
In the combined Brookhaven/Dunwoody markets, the number of sales was down 63%, while the average sales price was up 9% to $688,729. The average sales price for a detached single-family home climbed to $760,814 compared to $743,352 in December 2021. New listings fell 40%, while total active listings were up 32%.
East Cobb‘s average sales price was up 12% to $557,453 over the previous year. New listings were down 23%, but total active listings climbed 32%. The number of sales was down 46%. Houses were on the market for an average of 31 days last month, a 29% increase.
Intown Atlanta saw new listings fall 28% and total active listings were up 10%. The number of sales was down 60% and the average sales price was up 3% to $561,600. The average sales price for a single-family detached home was $707,304.
In Sandy Springs, the average sales price for a detached single-family home was 13% to $1,093,423 and 10% to $726,826 for detached and attached homes combined. The number of new listings was down 32% and total active listings were up 13%. The number of sales was down 52%.
The common theme here is that while fewer new listings hit the market in December, the combination of less sales and more days on market caused active listing inventory levels to rise across most markets. We continue to see homes that are priced right selling quickly, and often times with multiple offers.
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