This article has been updated to reflect the latest trends in the Atlanta real estate market in 2021. Metro Atlanta housing market has experienced a smooth recovery by far. Despite unemployment and uncertainty, the greater Atlanta residential real estate market performed extremely well during 2020.
Home prices were through the roof in 2020 and the pace of appreciation seems to continue in 2021. March’s sales were 32.5% higher than in February, which is a positive sign even though buyers are facing some real challenges with low inventory levels. The median sales price rose 15.8% year over year and 5.1% month over month to $330,000, according to the Atlanta Realtors Association.