A CLOSER LOOK AT THE
HOUSING MARKET
T his year has been quite the ride— and we’ re only halfway through! Real estate remains anything, but boring and mundane In recent months, the real estate market has mirrored the stock market— marked by swings, shifts, and unexpected turns that continue to influence housing trends in various ways. The Fed contemplates rate cuts, changing news on tariffs, a stock market that dipped, then surged … all as the spring market in Atlanta kicked off. Through it all, the Greater Atlanta real estate market remains resilient.
“ How’ s the market” is best answered by“ depends on when your asking”. Right now, it is balanced. The early spring 2025 market was the definition of sluggish; the eagerly anticipated opening kept us eagerly anticipating. April opened with a thud. Activity slowed to levels not seen in years as the economy and stock market adjusted. Just a few weeks later, activity jumped, the stock market rebounded, and patterns developed. So, let’ s look at the Q2’ 25 Greater Atlanta real estate market.
Prices across the board remain steady in our market. Compared to Q2’ 24, this quarter saw list prices rise 2.3 % to a median of $ 450K. Sellers continue to remain optimistic, there are no signs of desperation or undue stress right now. The year over year price for homes going under contract was unchanged. Literally, the same $ 450K seen a year ago. The median sale price of homes in Greater Atlanta was statistically level; moving down 0.2 % to $ 450K. Talk about balance, our median list, contract, and sale price for this quarter was $ 450K.
As we see nationally, the number of listings is up, and the number of contracts and closings are down. We expect listings to increase every spring, and they did. The number of homes listed for sale is up 10.2 % year over year. At 39,825, we’ re higher than any quarter over the last three years. However, Greater Atlanta is still below pre-pandemic levels; there is no tidal wave of listings inbound. The numbers for homes going under contract and closing were down year over year. Contracts dropped 5.3 % and closings were off 10 %. Both down year over year, but well above the numbers for Q1’ 25.
With a balanced market, we expect it to take longer to sell, and it has. The average days on market in Q2’ 25 was 50, up 13 days from a year ago. Noteworthy here is that this is below the last two quarters and demonstrates how Q2 was busier than Q1. Absorption rates are leveling, still showing the broad market slightly favors sellers. In Q2’ 25, 32.5 % of homes went under contract and 34.5 % closed. Both categories down from a year ago, but far from ominous.
Buyers and sellers in this environment benefit immeasurably collaborating with seasoned experts. Ansley Real Estate agents are the epitome of professional, offering clients an unmatched breadth of skill and professionalism. Every Ansley agent is committed to ensuring that their clients are fully knowledgeable and act with complete confidence. In the ever-changing real estate environment, Ansley Real Estate remains the consistent best choice for buyers and sellers across Metro Atlanta.