Atlanta Housing Market

By Erika Ludvigsen

Atlanta market rebalances as inventory rises and sales moderate

Prices stabilized, inventory rose, and sales softened as market conditions continued to rebalance.

Atlanta prices remain stable

Home prices posted modest year-over-year growth, reflecting a stabilized pricing environment. Atlanta’s median sale price was $392,000 in February, increasing 0.5% from a year earlier. Price growth remained limited, placing Atlanta in the middle of the pack among large US markets as affordability pressures and rising inventory constrained further appreciation.

Atlanta inventory expands rapidly

A sharp rise in listings significantly improved housing supply. Active listings increased to 29,995 in February, rising 19.8% year over year. Inventory growth outpaced the national average, with gains across all property types, signaling improved options for buyers.

Atlanta home sales continue to ease

Sales declined despite higher inventory, underscoring ongoing demand constraints. Atlanta recorded 4,941 home sales in February, down 3.5% from a year earlier. Sales fell across all property types, with the steepest declines among attached homes and condos.


Horizontal bar chart ranking U.S. metros by February active listings, with Atlanta third at 29,995 homes.
With 29,995 active listings, Atlanta ranked 3rd nationally in February, trailing only Houston and Dallas–Fort Worth.


Atlanta Sale Prices

Atlanta home sales decline in February as the market adjusts to slower demand

Atlanta recorded 4,941 home sales in February, a year-over-year decline that closely tracked the national slowdown in transaction activity.

Atlanta sales decline modestly, in line with the national trend

Atlanta home sales declined 3.5% year over year in February, closely matching the nationwide 3.7% annual decline. Atlanta saw 179 fewer sales than a year earlier, as buyers remained cautious amid elevated borrowing costs.

Home sales fall across all property types, led by condos

Home sales fell across all property types. Single-family sales were down 2.0%, townhome sales were down 6.4%, and townhome sales posted the steepest year-over-year decline at 21.2%. Single-family homes continued to account for the majority of transactions (4,116), but sharper pullbacks in the typically more affordable townhome and condo segments indicated weaker demand.

Atlanta remains a top US housing market by sales volume

Despite softer demand than a year ago, Atlanta ranked fifth nationally in total home sales volume in February, trailing only Dallas–Fort Worth, Houston, Phoenix, and Chicago. Atlanta continued to see relatively strong sales activity, even as overall transactions slowed compared to the same month last year.


Dashboard of Atlanta home price indicators showing $392,000 median price, 0.5% annual growth, and mid‑pack national rankings.
In February, Atlanta’s median sale price was $392,000, up 0.5% year over year, ranking 24th nationally for price level and 19th for annual growth, modestly outperforming the U.S. average increase of 0.2%.


Bar chart showing Atlanta median sale prices from 2018 to 2026, rising sharply through 2022 and stabilizing near $390,000.
Atlanta median sale prices remained near recent highs in early 2026, holding close to $390,000 after peaking during the 2022 market surge.


Area chart showing Atlanta year‑over‑year price growth falling from over 20% in 2022 to about 0.5%.
Annual price growth in Atlanta slowed significantly from double‑digit gains in 2021–2022 to roughly 0.5% in early 2026, reflecting a cooler pricing environment.


Column chart comparing February price changes by year in Atlanta, peaking in 2022 and slowing to 0.5% in 2026.
February price growth in Atlanta eased to 0.5% in 2026, well below the 23.5% peak recorded in February 2022 and slightly above flat growth in 2025.


Horizontal bar chart ranking February median sale prices across U.S. metros, with Atlanta at $392,000 mid‑pack.
Atlanta ranked near the middle of major U.S. metros in February, with a median sale price of $392,000.


Bar chart ranking annual February price changes by metro, showing Atlanta up 0.5% amid mixed national performance.
Atlanta’s 0.5% annual price increase in February lagged those of several Midwest markets, including St. Louis and Chicago, but outpaced several Sun Belt metros with declining prices.


Summary chart showing Atlanta prices by property type, with detached homes up slightly and condos down sharply year over year.
Detached homes led Atlanta’s price performance in February, rising 0.6% year over year, while attached homes slipped 0.6% and condo prices declined 6.7%.


Side‑by‑side bar charts showing Atlanta sale prices and annual changes by property type, led by stronger detached home performance.
Detached homes grew modestly by 0.6%, while the attached and condo segments declined compared to a year ago.


Atlanta Inventory

Atlanta had nearly 30,000 active listings in February, an increase of nearly 20% from the prior year.

More sellers enter the market

Atlanta added close to 5,000 more listings compared with February last year. The jump in available homes pointed to growing seller confidence and to easing supply constraints that had limited buyers' choices in recent years.

Atlanta adds inventory faster than most markets

Inventory in Atlanta grew faster than the national average, increasing 19.8% from a year earlier compared with a 14.2% increase nationwide. Among large US markets, Atlanta ranked third for total homes for sale with nearly 30,000 active listings and tenth for year‑over‑year inventory growth.

Condo listings grow the fastest

The increase in listings occurred across all home types. Single‑family homes made up the majority of the inventory and increased 17.6% from a year earlier. Townhomes also increased, rising 15.7%, while condo listings grew the fastest, up 24.0%, reflecting an expanding supply of higher‑density housing.


Dashboard-style summary showing Atlanta active listings at 29,995 in February, up 19.8% year over year, ranking top 10 nationally.
Atlanta ended February with 29,995 active listings, up 19.8% year over year, ranking 3rd nationally for total inventory and 10th for annual growth.

Bar chart showing Atlanta active listings rising from 2018 to early 2026, reaching about 30,000, the highest level since 2019.
Active listings in Atlanta climbed steadily through early 2026, reaching nearly 30,000 homes, the highest level since 2019 and well above recent cycle lows.

Area chart showing Atlanta year-over-year active listing growth turning positive after 2022 and stabilizing near 20% by 2026.
Atlanta’s year-over-year inventory growth remained firmly positive in early 2026, holding near 20%, underscoring sustained supply momentum after volatility earlier in the cycle.

Bar chart showing February year-over-year changes in Atlanta active listings, with a 19.8% increase in the most recent period.
Active listings in Atlanta increased 19.8% year over year in February, marking one of the strongest February inventory gains in recent years.

Horizontal bar chart ranking U.S. metros by February active listings, with Atlanta third at 29,995 homes.
With 29,995 active listings, Atlanta ranked 3rd nationally in February, trailing only Houston and Dallas–Fort Worth.

Bar chart ranking metros by February year-over-year active listing growth, showing Atlanta up 19.8%, tenth nationally.
Atlanta’s 19.8% year-over-year inventory gain ranked 10th nationally in February, outpacing growth in most Sun Belt markets.

Dashboard style chart showing Atlanta inventory growth by property type, led by condos up 24%, followed by detached and attached homes.
Inventory gains in Atlanta were broad-based, led by condos up 24.0% year over year, followed by single-family detached homes up 17.6% and attached homes up 15.7%.

Side-by-side bar charts showing Atlanta active listings and annual growth by property type, with condos growing fastest at 24%.
Single-family detached homes accounted for the majority of Atlanta’s inventory at 23,395 listings, while condos posted the fastest growth rate at 24.0% year over year.


Atlanta Home Sales

Atlanta home sales decline slightly. Fewer homes were sold in Atlanta than a year earlier, though activity remained relatively strong. The market recorded 4,941 home sales in February, representing a 3.5% year‑over‑year decline.

Sales dip reflects slower buyer activity

Atlanta saw about 180 fewer home sales than a year ago. The 3.5% decline was modest and reflected ongoing affordability challenges and buyer sensitivity to mortgage rates rather than a sharp drop in demand.

Atlanta maintains a high level of home sales activity relative to other large US markets

Despite the slowdown, Atlanta continued to rank among the most active housing markets in the country. The metro ranked fifth among the top 40 US markets for total home sales behind only Dallas-Fort Worth, Houston, Phoenix, and Chicago.

Sales fall most for condos

Sales declined across all property types in Atlanta, with the steepest drop among condos. Single-family home sales totaled 4,116 and declined 2.0% year over year, while townhome sales fell 6.4% to 318. Condo sales dropped 21.2% to just 182 transactions, signaling notably weaker demand in that segment compared with single‑family homes.

Dashboard-style chart showing Atlanta February home sales at 4,941, down 3.5% year over year, ranking fifth nationally.
In February, Atlanta recorded 4,941 home sales, down 3.5% year over year, ranking 5th nationally for sales volume despite modest annual declines.

Bar chart of monthly Atlanta home sales from 2018 to 2026 showing lower sales levels in recent months.
Atlanta home sales in February remained below 2022 levels, reflecting a slower pace of activity following post-pandemic peaks.

Area chart showing Atlanta year-over-year home sales percent change from 2018 to 2026, recently near minus four percent.
Atlanta’s annual sales declined by 3.5% in February, signaling stabilization after deeper double-digit drops seen in 2022 and 2023.

Column chart showing February year-over-year home sales changes in Atlanta by year, improving from sharp declines in 2023.
February sales in Atlanta fell 3.5% year over year.

Horizontal bar chart ranking U.S. metros by February home sales, with Atlanta fifth at nearly five thousand sales.
Atlanta's sales volume of 4,941 ranked 5th nationally in February, trailing Dallas–Fort Worth, Houston, Phoenix, and Chicago.

Horizontal bar chart showing year-over-year February home sales changes across U.S. metros, with Atlanta down 3.5%.
In February, Home sales declined by 3.5% year over year in Atlanta, placing it near the middle of the national distribution.

Summary chart of Atlanta February home sales by property type showing steeper declines for condos than detached homes.
Single-family detached homes led Atlanta sales volume in February, while attached and condo segments posted larger year-over-year declines.


For questions and commentary about this report:

Erika Ludvigsen, National Director of Residential Analytics at CoStar and Homes.com, based in Atlanta, GA, 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 February 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.

Writer
Erika Ludvigsen

Erika Ludvigsen is the National Director of Residential Analytics for CoStar and Homes.com, where she delivers insight on the U.S. housing market by analyzing Homes.com’s residential datasets alongside broader economic and demographic trends. She brings deep expertise in new construction, having previously led the national market intelligence team at PulteGroup, and has held roles at BlackRock, Century Communities, and Elme Communities. With more than 15 years in real estate market analytics, she holds a finance degree from Georgetown University and regularly speaks on residential real estate at major industry events, including IMN’s Land/Homebuilding Capital Markets Forum and the International Builders’ Show (IBS). Her work has been featured in The Wall Street Journal and RISMedia.

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