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October Market Stats for East Atlanta Suburbs—Gwinnett and DeKalb Counties
Dated: November 21 2020
Views: 84
The Georgia MLS statistics for the latest period, October 2020, shows a continued shortage of residential listings in East Atlanta suburbs Gwinnett and DeKalb counties. Looking at single family detached, new listings in this area are down 13.0% to 1,982 from a year ago. Active residential listings are 4,214, down 36.6% vs. October 2019. With lower inventory, it is not surprising that the average sales price continues to trend upward reaching $359,691, by comparison to $310,224 for October 2019, a 15.9% increase year over year.
Breaking down the data by county, we see consistent trends, except in Closed Sales, which shows an increase for Gwinnett, yet a decline for DeKalb in October 2020 year over year. Here are the highlights:
Gwinnett
- New Listings decreased significantly -17.3% to 1,093
- Under Contract Listings were up 17.7% to 1,176
- Closed Sales increased 15.5% to 1,169 units
- Active Listings declined drastically -40.7% to 2,269
- The Average Sales Price increased by 12.0% to $336,937
- Average Days on Market decreased -34.5% to 38
DeKalb
- New Listings decreased -7.0% to 889
- Under Contract Listings were up 10.2% to 748
- Closed Sales decreased -12.0% to 668 units
- Active Listings declined drastically -40.7% to 2,269
- The Average Sales Price increased heftily by 23.7% to $399,511
- Average Days on Market decreased -21.4% to 44
Fortunately, builders have been increasing new homes construction in metro Atlanta suburbs. So for home buyers, possibly, new construction homes will be the solution to attaining your dream home in this tight market. To help home buyers, I am sharing two links below for new construction listings in Gwinnett and DeKalb, respectively. Happy hunting, and feel free to reach out if you would like further assistance.
Also, if you'd like to discuss a strategy for selling or buying your home in these uncertain times, please feel free to contact me at 678.227.4994. I'll be happy to guide you.
Dawn Robertson, MBA, PMP, SRS
Seller Representative Specialist
Certified Housing Counselor
REALTOR® - Member of NAMAR
Virtual Properties Realty
678.227.4994 (cell)
770.495.5050 x 1330
Dawn Robertson, SRS, MBA, PMP
Thank you for checking out my bio page. I hold a Seller Representative Specialist (SRS) designation granted by the Real Estate Business Institute (REBI), which means I have advanced training in advoc....
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