Atlanta Real Estate in June: Sales Up 10% YoY, Inventory Down 56% YoY

Note: I'm tracking data for many local markets around the U.S. I think it is especially important to watch inventory this year.

From the GAMLS for Atlanta:

Total Residential Units Sold in June 2021 were 10,035, up 7.8% from 9,310 in June 2020.

Active Residential Listings in June 2021 were 7,787, down 55.8% from 17,596 in June 2020. Inventory was up 3.4% from last month.

Months of Supply was 0.88 Months in June 2021, compared to 2.31 Months in June 2020.

Click on graph for larger image.

This graph from the Georgia MLS shows inventory in Atlanta over the last several years - and the sharp decline in inventory at the start of the pandemic.

Inventory in Atlanta in June was 11.8% above the record low in April 2021.