Atlanta Real Estate Market Update: Trends, Forecasts, and Investment Insights for 2025

As of November 2024, the Atlanta real estate market exhibits a blend of stability and subtle shifts, presenting both opportunities and challenges for buyers and sellers.

Home Sales and Inventory

In November 2024, Atlanta recorded 3,819 residential sales, marking a modest 1.2% increase compared to November 2023. This uptick indicates sustained buyer interest despite prevailing economic conditions. Notably, the total housing inventory reached 16,241 units, a significant 39.6% rise from the previous year, offering buyers a broader selection. However, new listings in November totaled 5,641, up 4.7% year-over-year but down 27.1% from October, suggesting a seasonal slowdown in fresh listings.

Home Prices

Both average and median sales prices have increased compared to the same period last year, though the pace of appreciation has decelerated. This trend suggests a move toward a more balanced market, with increased inventory providing buyers more options and reducing the urgency to bid aggressively.

Market Forecast for 2025-2026

Looking ahead, Zillow forecasts a period of moderate growth for Atlanta’s housing market. Projections indicate a slight dip of 0.2% in home values by December 2024, stabilization with no change by February 2025, and a modest 2.6% increase by November 2025. This anticipated growth reflects Atlanta’s economic resilience and sustained demand for housing.

Comparison with Other Georgia Cities

When compared to other Georgia cities, Atlanta’s projected growth is more conservative. For instance, Athens is expected to see a 4.8% increase in home values by November 2025, while Savannah anticipates a 4% rise. These variations highlight the unique dynamics of Atlanta’s larger metropolitan market.

Investment Opportunities

Atlanta remains an attractive destination for real estate investors due to its robust job market, economic growth, and increasing population. The expanding inventory and moderated price appreciation suggest a shift toward more balanced market conditions, potentially easing the path for investment opportunities.

Conclusion

In summary, the Atlanta real estate market is transitioning toward equilibrium, characterized by increased inventory and moderated price growth. While a slight dip in home values is anticipated in the short term, moderate appreciation is projected through 2025, underscoring the market’s stability and potential for investors and homebuyers alike.