Atlanta Housing Market

Atlanta’s housing market showed signs of easing in May as more homes came up for sale and buyer demand slowed. The shift gave buyers more options and more leverage, even as prices stayed mostly steady and sales dipped from a year ago.

Home sales edged down 1.1% from a year earlier to 7,389 transactions. The slowdown wasn’t unique to Atlanta; other fast-growing Sun Belt markets, including Austin, Charlotte, and Tampa, also saw demand cool after pandemic-era booms.

Townhomes and condos posted the biggest declines. Townhome sales fell 10.4% to 885, while condo sales dropped 6.9% to 323. Single-family homes performed better, rising 0.8% to 6,181 sales and continuing to dominate overall activity.

Inventory climbed sharply, with the number of homes for sale up 10.4% from a year ago to nearly 35,000. That outpaced the 4.3% increase nationwide and ranked Atlanta third among the 40 largest U.S. markets, behind Houston and Dallas-Fort Worth.

Supply is now close to pre-pandemic levels, signaling that the severe shortages of recent years have eased. Single-family homes made up the bulk of listings, with more than 27,000 available, followed by 5,197 townhomes and 2,321 condos.

Homes are also taking longer to sell. The typical property stayed on the market for about 57 days, the same as last May but 19 days longer than in May 2022, giving buyers more time to decide and reducing bidding pressure.

With more homes on the market, price growth slowed. The median sale price rose 2% from a year earlier to $408,000, roughly in line with the 1.8% increase nationwide. Prices in Atlanta remain about 3% higher than the U.S. median but below the recent peak of $421,000 in June 2024.

Price trends varied by property type. Condo prices fell 4.9%, the largest drop, while townhome prices declined 1%. Prices for single-family homes were flat.

Overall, rising inventory, softer sales, and steady prices point to a more balanced market. Buyers have more choices and negotiating power, while sellers face more typical conditions after years of intense competition.

The median home sale price in Atlanta increased by 2.0% compared to the same time last year, while the national median price rose by 1.8%.

Atlanta median home prices rose by $8,000 year over year on a nominal basis in May to $408,000. Meanwhile, the national median home price increased by $7,000 to $395,000.

Atlanta was the 25th highest-priced housing market among the top 40 largest markets last month. The Atlanta median home price of $408,000 was 3.3% above the national median home price. Atlanta's median home price in May compares to the market's peak of $421,000 recorded in June of 2024.

Year-over-year, the median price of Atlanta single-family homes remained $420,000, while the median townhome price declined by 1.0%, and the median condo price fell by 4.9%.

The number of homes for sale in Atlanta increased by 10.4% in May compared to the same time last year, while national homes for sale rose by 4.3%.

Atlanta homes for sale rose by 3,277 year over year in May to 34,815 homes for sale. Atlanta ranked 14th, on a percentage basis, for the annual change in the number of homes for sale among the top 40 U.S. markets in May.

Atlanta homes for sale were below their pre-pandemic levels in the month of May. Atlanta homes for sale were 4.4% below the May 2019 total of 36,416.

Atlanta single-family homes for sale grew by 9.4% to 27,297 in May. In comparison, townhomes for sale rose by 15.5% to 5,197, and condos for sale increased by 10.9% to 2,321.

 The number of home sales in Atlanta decreased by 1.1% in May compared to the same time last year, while national home sales dropped by 1.2%.

Atlanta home sales declined by 79 year over year on a nominal basis in May to 7,389. For context, 7,468 sales closed in Atlanta in May 2025.

Atlanta ranked 18th for the annual change in home sales out of the top 40 U.S. markets in May on a percentage basis. This year's 1.1% decrease in May compares with the 5.2% year-over-year decrease in May 2025.

Atlanta single-family sales increased by 0.8% in May to 6,181. In comparison, townhome sales fell by 10.4% to 885, and condo sales fell by 6.9% to 323.

For questions and commentary about this report:

Erika Ludvigsen, National Director of Residential Analytics at CoStar and Homes.com, based in Atlanta, is available for interviews to provide expert insights on this data and the broader residential real estate market.

Erika Ludvigsen

National Director of Residential Analytics

Homes.com

eludvigsen@costar.com

Homes.com releases preliminary figures on housing trends on a monthly basis. Although these numbers may change slightly once all home sales are accounted for, they provide an early indication of home sale price appreciation, inventory changes, and sales volume during May 2026.

For most markets, geographical coverage consists of the Census-defined Core-Based Statistical Area (CBSA). Data for San Francisco, Los Angeles, Miami, and New York is at the Metropolitan Division level.

Definition of Sale Prices

Median home price is the midpoint sale price of homes closed during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Inventory

Inventory is the number of unique active listings that were for sale during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Home Sales

The total number of closed home sales on the MLS during the month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

About the Homes.com Market Analytics Team

The Homes.com Market Analytics group is a team of experienced analysts embedded in nearly 30 markets across North America. These experts reside in and regularly visit the markets they cover, providing local expertise and a national perspective on all sectors of real estate: residential, office, industrial, retail, and multifamily.

About Homes.com Analytics Data

The Homes.com analytic data is compiled by the CoStar Analytics team, the largest and most experienced analytics team in the real estate industry. The team consists of over 50 economists, analysts, and data scientists, who collectively have more than 900 years of real estate experience and over 30 advanced degrees. Analysts on the team live in and around the markets they cover, enabling them to build deep local knowledge and unique insights.

The data set being used by the team is one of the most comprehensive and robust in the industry. It spans all 393 metropolitan markets, 542 micropolitan markets, and over 35,000 local neighborhoods in the U.S. The data set is sourced from almost 500 Multiple Listing Service (MLS) providers around the country, as well as public record data from each market, and is supplemented by proprietary data collected by CoStar's team of over 2,000 researchers. It includes a complete inventory of all homes in the U.S., including homes for sale, homes for rent, new construction homes, as well as sale comps and rent comps.