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Is The Atlanta Housing Market Going To Crash?

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Is The Atlanta Housing Market Going To Crash?


Like several cities in the Southern United States, Atlanta has experienced a surge in popularity as a place of work and residence. From a population of approximately 394,017 in 1990, Atlanta’s population grew by more than a quarter (26.7%), reaching 499,127 people by 2022.

When housing markets across America got turbocharged in 2021 and 2022, Atlanta was one among many to feel the pandemic-induced squeeze on home prices and available homes for sale. But after the Fed’s series of rate hikes from 2022 to 2023, many housing markets have been brought back down to earth. The question is how hard the fall back to earth is.

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Read on to find out key trends developing in the Atlanta housing market in 2023 and how likely a housing market crash could be.

Atlanta Housing Market 2023: Overview

Through our analysis of housing data sourced from Redfin
RDFN
, the Atlanta metro area housing market is perhaps not as hot as it was in 2021 and 2022, but prices are still rising. The median sale price for a home in the Atlanta metro area reached a peak of $400,000 in May and June 2022. Since those peaks, home prices have not come down that much. For the Atlanta metro area overall, the median sale price declined by 2.5%, from May 2022’s $400,000 down to $390,000 in May 2023; while the median sale price year-over-year from June 2022 to June 2023 barely changed, slipping from $400,000 to $399,900.

In the city of Atlanta proper, home prices peaked in May 2022, when the Atlanta median sale price reached an all-time high of $457,856. Since then, prices have fluctuated but have not witnessed a sustained decline. From a median sale price of $457,856 in May 2022, it decreased by a mere 1.7%, to $449,990 in May 2023. And from June 2022 to June 2023, Atlanta’s median sale price actually increased, by 5.5%, from $415,000 to $438,000. The latest month we have data for is August 2023 and, here again, Atlanta home prices rose year-over-year, by 4.1%: From a median sale price of $400,000 in August 2022 to $416,500 in August 2023.

The city of Mableton, which is a little under 15 miles west-northwest of Atlanta, experienced the largest year-over-year growth in home prices. From a median sale price of $339,950 in August 2022, prices rose by almost a fifth (19.9%), reaching a median sale price of $407,500 in August 2023. The city of Tucker is a similar distance from Atlanta, but to the northeast. Home prices in Tucker rose by almost the same amount as in Mableton — 19.8% year-over-year, from a median sale price of $388,500 in August 2022 to $465,525 in August 2023. Indeed, only four cities in the Atlanta metro area — South Fulton, Stonecrest, Douglasville, and Dunwoody (one of the richest cities in Georgia), saw prices decline from August 2022 to August 2023.

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Inventory in the Atlanta Housing Market Continues to Drop

Whereas many other major housing markets, like the Las Vegas housing market, have watched their housing inventory start to build up, in Atlanta this is not the case. Every housing market we analyzed in the greater Atlanta area witnessed declines in available inventory year-over-year. For the Atlanta metro area overall, available inventory dropped by 33.7%, from 26,403 homes for sale in August 2022, down to 17,514 homes in August 2023. In Atlanta proper, the decline was less steep but still a significant drop of 22.8%, from 3,257 available homes in August 2022, down to 2,513 available homes in August 2023.

Three cities in the greater Atlanta housing market saw their housing inventory cut in half: Woodstock, where available inventory fell by 50.9%; Dunwoody, where it fell by 57.5%, and Johns Creek, where it fell by 57.9%. With inventory tightening across the board, it’s not surprising that the majority of cities in the larger Atlanta housing market saw their prices continue to rise from 2022 to 2023.

Houses for Sale in the Atlanta Housing Market Are Staying on the Market Longer than Before

One of the more useful metrics for analyzing housing market activity is the length of time a home for sale spends on the market before getting bought up. Redfin refers to this measure as days on market, which represents the monthly median days on market a home for sale sits before being taken off the market. In the Atlanta metro area, the median number of days on market of a home for sale rose from 21 days in August 2022 to 26 days in August 2023, equal to an annual increase of roughly 23.8%. However, in the city of Atlanta proper, the year-over-year increase in the median days on market was smaller — 16% — rising from 25 days on market in August 2022 to 29 days on market in August 2023.

Below is a table detailing the trends in days on market in the 26 areas we analyzed in the greater Atlanta housing market:

The Bottom Line on an Atlanta Housing Market Crash

Based on the data and our analysis, it does not seem like the Atlanta housing market will crash. One of the biggest indicators of a coming housing crash is a significant build-up in housing inventory. That absolutely has not occurred in the Atlanta housing market. While it’s true homes for sale are sitting on the market longer than last year, the median days on market for most cities in the greater Atlanta housing market have returned to more normal levels, rather than abnormally long.

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Another factor arguing against a crash is the fairly consistent sales-to-list ratios in the core cities of the Atlanta metro area. When housing markets are hot, the sales-to-list ratio tends to rise above 100%, as homes get sold for more than their original listed price. While the Atlanta housing market definitely got hot in 2021 and 2022, its sales-to-list ratio has been very steady. Take the city of Atlanta for example:

  • Atlanta sales-to-list ratio August 2018: 98.3%
  • Atlanta sales-to-list ratio August 2020: 98.1%
  • Atlanta sales-to-list ratio August 2022: 98.8%
  • Atlanta sales-to-list ratio August 2023: 99.3%

The Atlanta housing market, if anything, seems to be moderating. But the fact that prices are still rising, and inventory is still diminishing means the trouble in Atlanta is not a crash but continued tightening of the housing market.



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Atlanta, GA

Post-Christmas Atlanta Falcons 7-Round Mock Draft

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Post-Christmas Atlanta Falcons 7-Round Mock Draft


The Atlanta Falcons narrowly lead the NFC South with two weeks of the NFL regular season remaining. While it is not draft season in Atlanta, the front office already knows positions of need for 2025 and beyond.

General manager Terry Fontenot currently holds four draft picks, one each in the first, second, fourth, and seventh rounds of the 2025 NFL Draft. Atlanta sent its third-round pick to New England for Matt Judon. Their fifth-round pick was forfeited due to violating tampering rules when arranging travel for Kirk Cousins, Darnell Mooney, and Charlie Woerner during free agency. 

Finally, the sixth-round pick was involved in the Van Jefferson pick swap. The Falcons have the Rams’ seventh-round pick, while their own currently is held by the Steelers.

Reminder, it’s December, and draft boards will evolve.

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Round 1 –  Pick 19 Jihaad Campbell, LB, Alabama

Campbell is an IMG Academy graduate and former 5-star recruit before committing to Alabama. The 6 foot 3, 244-pounder has been pro-prepped since early high school and has durable coverage ability in space and sideline-to-sideline speed.

The injury history of Troy Andersen and the lack of athleticism from Nate Landman and JD Bertrand make this a top-two need on this Falcons team. If you want a starter in a limited linebacker class, he’s the best. 

Round 2 – Pick 51 Landon Jackson, DE, Arkansas

2023 first-team All-SEC and second team in 2024, Jackson had 6.5 sacks each of the last-two seasons. Throughout his top-100 high school recruitment and playing days at LSU and Arkansas, Jackson established inside/outside versatility on the line of scrimmage.

In the case of the Falcons, with his 96th-percentile height, 86th-percentile weight, and 80+ percentile vertical speed, Jackson projects well for a defensive end role in a 3-4 defensive scheme, similar to the role occupied by Calais Campbell in 2023.

Pick 51 would be Jackson’s draft floor for sure, but knowing Fontenot has made a second-round trade in every draft he’s led with the Falcons, he’ll go up and get Jackson if he wants him. 

Round 4 – Pick 120 Quincy Riley, CB, Louisville

Preferably a zone corner, the 6-foot, 195-pound Riley is the sizable thump in the slot. The Falcons need to upgrade depth behind starter Dee Alford, who is a restricted free agent after this season.

Riley‘s speed is what he writes home about though, and oddly he times even faster than he looks on tape. With a verified 10.48 100-meter time, he’s got ideal size and speed.

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Round 7 – Pick 237 Cam Jackson, NT, Florida

A 3-4 scheme ideally features a mammoth nose tackle in the middle. Jackson has lost over 25 pounds and was still listed at 342 pounds for the Gators in 2024.

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Jackson’s immovable mass and ferocious motor can help contribute in Atlanta’s early down stunts and gap control, creating a niche role at a value late Day 3. 

Four picks, four defensive players – Terry Fontenot has gone offensive skill in the first round in each of his first-four drafts as the Falcons general manager. However, this will be the first time the Falcons aren’t drafting in the top-10, and the idea of selecting the best prospect available should be able to fill needs on the defensive side of the ball in 2025.





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Atlanta outreach group serves up Christmas dinner with a side of hope

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Atlanta outreach group serves up Christmas dinner with a side of hope


Christmas is a time many of us spend with our loved ones. But many people don’t have families or even a place to call home. The nonprofit group Frontline Response celebrated the holiday with a special dinner for its residents.

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This is a special Christmas for resident, Quaquela Lewis.

“I’ve been out of work for two years,” she admitted.

Lewis lost her job and times grew tough.

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“I was actually on the street,” Lewis said. “You’re out there, and you’re struggling to exist.”

She now stays at Frontline Response, and this holiday, Lewis has a roof over her head and a place to celebrate Christmas.

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“It’s a blessing. It’s a time of rest. Having a place like this takes that pressure off,” Lewis said.

The nonprofit rescues people from sex trafficking and helps people experiencing homelessness get back on their feet.

“This is a wonderful place,” said a resident, who only wanted to be known as Alexander. “I’m just thankful this place has a wonderful program.”

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CEO Terry Tucker, his son Jabari and several volunteers cooked dinner and set up for dozens of people who may not have had anywhere else to go or anyone else to share Christmas.

“It’s really good to be able to not just give food, but spend that time and really commune with people,” Tucker said. “There are a lot of people who get caught in circumstances that are not of their own making. A lot of them may not have any kind of dinner, let alone Christmas dinner.”

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Tucker says the residents are more like family and that on Christmas, the greatest gift you can give is love.

“We want to make it special, not just another meal. What we try to do is create a place where people feel like there’s some sort of joy they’ve had over the season,” he said.

Learn more about Frontline Response here.

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The Source: FOX 5 Atlanta reporter Christopher King interviewed some of the people using Frontline Response’s services for this story.

AtlantaHeartwarming NewsNews



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Israel's Atlanta consulate creates initiative where participants create ornaments for Gaza hostages

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Israel's Atlanta consulate creates initiative where participants create ornaments for Gaza hostages


The Consulate General of Israel in Atlanta has created a new initiative in which participants can add names and photos of those still held captive in Gaza to create unique ornaments to raise awareness of and call for the release of the hostages. 

“As Christmas approached this year, a time when families come together, we wanted to use the opportunity to raise awareness to the fact that there are still 100 hostages, among them seven Americans, who should also be home with their families”, Anat Sultan-Dadon, Consul General of Israel to the Southeastern United States, told The Jerusalem Post.

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The consulate has reached out to several prominent churches in Atlanta who have agreed to display the special ornaments on their Christmas trees. In addition, they produced an explanatory sheet through which individuals can also print the ornaments and hang them on their Christmas trees.

Details of the ornaments 

The ornaments include a photo of each of the 100 hostages still held captive by Hamas, which will be hung on the Christmas tree using a yellow ribbon associated with the struggle for their release.

“The First Baptist Church of Atlanta, a mega church, was the first to agree to the initiative,” Anat Sultan-Dadon told the Post.

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Israel’s Atlanta consulate creates initiative where participants create ornaments for Gaza hostages. (credit: FOREIGN MINISTRY)

“Israel is blessed with many supportive friends out there, and many of them don’t know how they can actively support Israel at this time. This tree is a way to encourage them to act and to use their voices for the hostages and for Israel.”





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