Which counties have the worst housing shortage in Metro Atlanta? We looked through the latest stats from GeorgiaMLS to find out:
- Cobb (2.68-months supply), Gwinnett (2.73-months), DeKalb (2.97-months), Cherokee (2.99-months) and Fayette (3.2-months) had the lowest levels of housing inventory through September.
- In every single major Metro Atlanta county, inventory was down from the year before. The smallest decline was in Forsyth (3.67 percent), while the largest was in Paulding (25.58 percent); all told, seven of the area’s 10 largest counties saw double-digit inventory declines.
- In the past, there has been a strong correlation between falling inventory and rising prices, but September’s data was very mixed. Although some counties – such as Paulding, where a double-digit inventory drop paired with a 19.02 percent price hike – continued that trend, other counties saw very little price growth; in three counties, prices even declined.
See our chart below for more perspective:
|County||Housing Supply (in months)||YOY Change||Median Sales Price||YOY Change|