What happened to the North Atlanta Real Estate Market in January 23' ?

Every month I have the feeling we are all waiting for a quick shift in the other direction. We want to see a floor in pricing. While, we have seen this just yet, it seems to be coming sooner than expected. This month, we saw a surge in demand from December. This is expected as we leave the holiday season, and many return back to their everyday lives. We saw mortgage rates at the end the month in the mid 5's or so for your prime borrower. This is great news for spring demand, if rates continue to drop– I believe we will see another large surge in demand for North Atlanta real estate. 

Here is the data for January 2023: 

  • Median Sales Price: $414,500
  • Number of Active Listings: 7,069
  • Number(Median) of Days before Contract: 30  
  • Number of sales: 1,571

While we saw a tick up in the physical presence of demand, this has not correlated to the numbers yet. Your average buyer takes 2-3 months to go from searching to the closing table. So this pick up in demand we have been seeing is going to take a few weeks to show up in the data. This being said, we are setting up for a nice spring market bounce–given interest rates stay near they are or continue to fall. If inflation comes back hard and rates shoot up again– this whole argument goes away. However, if the trend of disinflation continues and rates trend with it– we are setting up for a decent surge in demand come spring time of 2023. 

Here is all the data used above: 

Posted by Carson Hulak on


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