"Atlanta's February data showed a market quietly rebalancing. Inventory edged up, list prices slipped slightly, and fewer sellers were cutting prices than a year ago."
"Active listings rose 2.1% year-over-year to 4,333 homes in February, a fraction of the 7.9% national gain. Meanwhile, newly listed homes actually fell 5.4% compared to last February."
"The median list price landed at $362,500 in February, down 1.5% year-over-year - a smaller drop than the national decline of 2.1%. Atlanta also remained roughly $41,000 below the national median."
"Atlanta homes are selling faster than the national pace - and that gap widened last month. The median home sat on the market for 54 days in February, unchanged from a year ago."
Atlanta's housing market is experiencing a shift with a 2.1% year-over-year increase in active listings, totaling 4,333 homes. However, newly listed homes decreased by 5.4%. The median list price in February was $362,500, down 1.5% from last year, which is better than the national decline. The share of listings with price cuts fell to 16.1%. Homes in Atlanta are selling faster, with a median time on the market of 54 days, compared to the national average of 70 days.
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