Georgia MLS: Where is the Housing Market Headed?

Atlanta Real Estate Forum Radio

John Ryan, chief marketing officer of Georgia MLS, joins host Carol Morgan for this week’s Atlanta Real Estate Forum Radio episode. In this podcast segment, Ryan discusses the current state of the housing market and his outlook for the future.

Due to its rich business and employment opportunities, Atlanta maintains an active, dynamic marketplace that ebbs and flows with new industry. There were 75,000 homes that have sold this year so far, a 2.1% decrease from 2023. However, the “hot” market is fading away as Atlanta months of supply (MOS) is currently 3.8 months, according to Georgia MLS listings. Its listings have also increased to 17,800, a dramatic shift from 7,000 to 8,000 listings in past years. This is still a far cry from 6 months of inventory which has long been the normal in Atlanta.

Interest rates continue to hover at 6.4%, which could be a confidence boost for buyers and sellers in today’s marketplace after years of higher rates. The first-time homebuyer demographic is still challenged by these rate fluctuations, but there is hope for rate stability in 2025. Even with positive shifts in MOS and interest rates, there is still an overflowing demand in comparison to supply. Housing prices remain elevated with a median price of $400,000 across the Atlanta market and new construction listings are growing but still only represent 10% of total listings.

“As we move into 2025, those rates should hover a little just above the 6% mark,” said Ryan. “That is still a reasonable rate, as we’ve seen historically, to make people move one way or the other within the marketplace.”

As the market continues to shift and move around, Ryan emphasizes working closely with real estate professionals that can take you step-by-step through the process of buying or selling your home. Having trained agents and lenders on your side ensures that everything runs smoothly from listing to closing.

Tune in to the full interview above to learn more about Georgia MLS or visit www.GeorgiaMLS.com.

About Georgia MLS

Georgia MLS is the largest real estate marketplace in Georgia, serving 52,600 agents and 4,600 brokerage offices across the state. Its offices can be found in the North Georgia Mountains, through metro Atlanta and all along the Georgia coast.

What does Georgia MLS bring to the Atlanta housing market? The multiple listing service provides opportunities for brokerages and agents to connect and work together for their clients. Georgia MLS is also a proud founding partner of the Southeast MLS alliance – Georgia MLS, Charleston MLS, Charlotte MLS and Nashville MLS.

“We are going to be providing active and off market data to our members, all under one platform, so our members will have access to three of the most desirable cities in the southeast,” said Ryan. “We are just trying to connect the dots of providing information, and then also a referral network that they have clients that are moving to different areas.”

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The Atlanta Real Estate Forum Radio “All About Real Estate” segment, presented by Denim Marketing, highlights the movers and shakers in the Atlanta real estate industry – the home builders, developers, Realtors and suppliers working to provide the American dream for Atlantans. For more information on how you can be featured as a guest, contact Denim Marketing at 770-383-3360 or fill out the Atlanta Real Estate Forum contact form. Subscribe to the Atlanta Real Estate Forum Radio podcast on iTunes, and if you like this week’s show, be sure to rate it.