by Calculated Risk on 8/10/2021 10:17:00 AM
Note: I’m tracking data for many local markets around the U.S. I think it is especially important to watch inventory this year.
From the GAMLS for Atlanta:
Total Residential Units Sold in July 2021 were 9,683, down 5.7% from 10,270 in July 2020.
Active Residential Listings in July 2021 were 8,668, down 43.9% from 15,442 in July 2020.
Months of Supply was 0.99 Months in July 2021, compared to 2.00 Months in July 2020.
This graph from the Georgia MLS shows inventory in Atlanta over the last several years – and the sharp decline in inventory at the start of the pandemic.
Inventory in Atlanta in July was up 11.3% from the previous month, and was 24.5% above the record low in April 2021.