Matt Wren Quoted In Atlanta Business Chronicle's Latest Buckhead Market Report

Numerous High Rise Condo Buildings In Zip Code 30305 (Within Buckhead). ZIP CoDE 30305 also includes many lower density neighborhoods with primarily single-family detached homes.

I’m honored to share that I was recently quoted in the Atlanta Business Chronicle’s latest Buckhead Market Report, published September 12th, 2025. The article highlights important shifts in zip code 30305’s housing market, focusing on pending sales. You can read the piece here at Buckhead Market Report - August 2025.

A big thank you to the Atlanta Business Chronicle and to Janelle Ward for including my insights. Their reporting shines a light on the fast-moving dynamics of our market, and I’m grateful to be a part of the conversation.

Pending Sales In 30305

The Chronicle noted that pending home sales in 30305 dropped sharply in August 2025 - down about 31% compared to August 2024, marking the lowest August figure in more than a decade. That’s a significant data point and one worth watching closely.

When I dug deeper into the numbers, however, I found that August may not represent a steady downward trend. Here’s what I uncovered:

• Not a straight-line decline: Pending sales in early 2025 were lower than in 2024, but in several months they actually increased year-over-year. The pattern alternated between up and down, rather than showing a clear slide.

• Year-to-date perspective: Through August, pending sales in 30305 were down about 6% compared to the same period in 2024. That’s a softer decline than the August figure might suggest on it's own.

The Takeaway? August 2025 could be more of an outlier than the start of a larger slowdown trend. We’ll need to watch the next few months to see if that holds.

What This Means For Buyers & Sellers

From what I see:

• For sellers under $2 million: the market remains competitive. Buyers are paying attention, and well-positioned homes are seeing good interest.

• For higher-end homes (above $2 million): buyers are getting more negotiating power, especially with more supply in some of those luxury segments.

• For both sides: pricing strategy, timing, condition, and neighborhood specifics are more important than ever. One zip code can behave differently than it’s neighbor, even within Buckhead.

Why This Matters & What’s Next

I believe articles like Janelle’s provide useful snapshots, especially for media, investors, and people tracking the market. What I want to help my clients and community with is nuanced understanding. On the Wren Atlanta Team, we help buyers and sellers understand their specific sub-market: what’s happening in your area, your price range, your kind of home. We will continue to monitor whether the August 2025-style drop in pending sales in zip code 30305 becomes recurring or remains a bump in the road.

Thank You

I’m grateful to the Atlanta Business Chronicle and to Janelle Ward for bringing these housing market conversations into the spotlight. As the data shows, the Buckhead market is competitive but nuanced, and keeping an eye on both short-term shifts and long-term patterns is essential.

If you’d like more clarity on what the housing market trends are where you live in Buckhead, Sandy Springs, Brookhaven or elsewhere (or if you’d like help interpreting the trends) I’m always happy to share what I’ve found.

- Matt Wren

What’s really happening in the Buckhead, Sandy Springs & Brookhaven Housing Markets in 2025?

By Matt Wren, real estate advisor on the Wren Atlanta Team at Harry Norman, REALTORS®

We’ve all seen the headlines: inventory is rising, the market is shifting, buyers have more choices. While the broad averages these are based off of reflect general trends across the country and even across metro Atlanta, they often don’t tell the full story—especially when it comes to what’s happening in the city’s most in-demand neighborhoods or housing types.

In fact, when you zero in on Buckhead, Sandy Springs, and Brookhaven — and compare both recent and pre-pandemic data — a more nuanced, and often surprising, story emerges.

Source: FMLS

Active # of Listings: 2025 vs. 2024 Trends

Many might assume that the number of active listings are up across the board — but that's not the case for single-family homes in several key north Atlanta neighborhoods.

Let’s take a closer look:

• Buckhead: In each of the first six months of 2025, there were fewer active single-family home listings than in the same months of 2024. (This shift reversed a prior trend of increases that occurred in both 2023 and 2024 versus the same month a year before.)

• Sandy Springs: The trend is the same. For every month from January through June 2025, the number of active single-family homes was lower than the same time last year.

• Brookhaven: While the trend wasn’t as consistent, four out of the six months in the first half of 2025 saw fewer active single-family home listings than the same months in 2024.

Source: FMLS

However, when you include all property types — single-family homes, townhomes, and condominiums — Buckhead actually did see a higher total number of active listings in 2025 than in 2024, month by month. That difference in trend underscores why breaking the data down by property type really matters when evaluating the health and direction of a specific neighborhood’s market.

Source: FMLS

Take Buckhead, for example: much of the increase in total active listings here is concentrated in attached homes—particularly townhomes and condominiums. In fact, about 75% of all condos listed in Buckhead during Q2 2025 were priced under $500,000, whereas less than 2% of active single-family homes fell below that mark. This matters because buyers shopping for a $1.5 million single-family home might see headlines about “rising inventory” and assume they have more negotiating power than they actually do. If they don’t realize that the surge in listings is disproportionately in lower-priced condos and townhomes, they may hold back on writing a strong offer—only to be outbid by a buyer who understands the market more clearly and acts decisively.

Source: FMLS

2025 vs. 2019: How Do Things Compare to Pre-Pandemic “Normal”?

Looking further back, we can see how today’s single-family housing market stacks up against the last “normal” year before the pandemic dramatically shifted housing trends.

Buckhead

• Active single-family home listings (1st Half 2025) are still about 50% lower than in the first half of 2019.

• But sales of single-family homes in the 1st half of 2025 are only down 30% compared to that same period in 2019.
  This gap suggests that buyer demand remains strong, even with tighter inventory.

• Sales of single-family homes in the 1st half of 2025 are down 11% compared to the same period in 2024, which has kept pace with the reduced supply of about 11% on average for the first 6 months of 2025.

Sandy Springs

• The number of listings of single-family homes are down about 75% from 1st half of 2019 levels.

• Sales of single-family homes are down 74% compared to 1st half of 2019— meaning the drop in demand has essentially kept pace with supply.
  This points to a slower but proportionate market, where fewer homes are selling simply because fewer are available.

• Sales of single-family homes in the 1st half of 2025 were down 51% compared to the same period in 2024. This is a larger drop than the reduced supply of about 21% on average for the first 6 months of 2025.

Brookhaven

• The number of active single-family homes started the year 51% below January 2019 levels, but that gap narrowed to just 35% lower by June.

• Still, sales of single-family homes are down 50% compared to the first half of 2019.
  Unlike Buckhead or Sandy Springs, Brookhaven is showing more supply recovery, but weaker demand relative to that available inventory.

• Sales of single-family homes in the 1st half of 2025 were down 31% compared to the same period in 2024. This is a larger drop than the reduced supply of about 7% on average for the first 6 months of 2025.

What It All Means

Each neighborhood is experiencing a distinct dynamic, and those differences can’t be captured by broad averages or metro-wide statistics.

Here’s a quick summary:

Source: FMLS

Market Balance: Still a Seller’s Market (For Now)

One key indicator we track closely is “months of supply,” which helps assess whether the market favors buyers or sellers.

• < 6 months of supply → Seller’s market

• = 6 months → Balanced

• > 6 months → Buyer’s market

As of June 2025:

• Buckhead: 3.7 – 4.8 months of supply

• Sandy Springs: 3.9 – 5.1 months of supply

• Brookhaven: 3.2 – 4.5 months of supply

Each remains in seller's market territory, though competition varies depending on price point, home condition, and micro-location.

Source: FMLS

The Takeaway

The headlines may say one thing, but the reality on the ground often tells a different story — especially in Buckhead, Sandy Springs, and Brookhaven.

➡️ In Buckhead, strong demand is holding up sales despite constrained supply.
➡️ In Sandy Springs, both inventory and demand have cooled in near-equal measure.
➡️ Brookhaven shows signs of inventory recovery, but with a softer buyer pool — at least for now.

Whether you're considering a move or just keeping a pulse on the market, it’s critical to dig deeper than the headlines and understand the hyper-local trends that shape your neighborhood.

On the Wren Atlanta Team, with Harry Norman REALTORS®, we don’t just look at the numbers - we help you understand what they mean for your block, your home, and your future.

Want a version of this tailored for your street or home type? We’d be happy to dive into the data with you to help you make confident, well-informed decisions. Understanding the nuances of your housing market gives you the competitive edge.

With over 50 years of combined experience, the Wren Atlanta Team brings the insights, data, and relationships that can make all the difference in a successful transaction.

2024 Year-End Real Estate Market Report - Morris Brandon Elementary District

Covering 2024 and Year-To-Date Through January 28, 2025

Photo of Bobby Jones Golf Course, which sits Adjacent to The Springlake and Memorial Park Neighborhoods in Morris Brandon Elementary District. These neighborhoods are off to the right, though not directly shown in this photo.

Overview of Current Market Conditions

As of January 28, 2025, there are 30 active listings in the Morris Brandon Elementary School District, ranging in price from $599,900 to $4,990,000. In the first 28 days of 2025, there have been 4 sales, compared to 10 sales during the same period in January 2024.

Looking at the previous 90 days (ending January 28, 2025), there were 35 sales, which averages to 11.7 sales per month. With 30 active listings, this equates to 2.6 months of inventory. This indicates a continued strong seller’s market for single-family homes in the lower to mid-price ranges.

What Defines a Seller’s Market?

• Under 6 months of inventory: Seller’s Market

• 6 months of inventory: Balanced Market

• Over 6 months of inventory: Buyer’s Market

2024 Sales and Pricing Trends by Range

$750K–$1M: Strong Seller’s Market

At the close of 2024, this price range had only 2 months of inventory, solidifying its status as a strong seller’s market.

$1M–$2M: Strong Seller’s Market

With just 1 month of inventory, demand remained incredibly high in this price bracket throughout 2024.

$2M–$3M: Seller’s Market

This range showed slightly more inventory, with 4 months of supply at the end of 2024, but still leaned firmly toward a seller’s market.

$500K–$750K: Mixed Market

This price range was balanced in December 2024 with 6 months of inventory. However, the five preceding months (July–November 2024) consistently reflected a seller’s market.

$3M–$5M: Buyer’s Market

This segment consistently saw buyer’s market conditions throughout 2024 due to fewer buyers at this price level.

Year-Over-Year Sales Data

• 2024 Total Sales: 155 single-family homes sold, up from 144 in 2023 but still below the pre-pandemic peak of 205 in 2019.

• Luxury Market Growth: 100 homes sold for over $1M in 2024, compared to 85 in 2023 and 79 in 2019. This means approximately 65% of single-family homes sold last year in Morris Brandon Elementary School District exceeded $1M.

Quarterly Comparisons

• Q4 2024 Sales: 42 homes sold, a 24% increase from 32 sales in Q4 2023, but still 21% lower than the 53 sales in Q4 2019.

The median sold price of single-family homes in the Morris Brandon Elementary school district increased 7 percent to $1,235,000 in 2024 from $1,153,893 in 2023.

Market Drivers and Historical Context

The housing market in the Morris Brandon district has experienced notable shifts in the past several years. After the Federal Reserve’s sharp interest rate reductions in 2020, historically low mortgage rates (around 3%) fueled demand and drove sales to a record 302 in 2021.

Since the Fed began raising rates in 2022, mortgage rates have climbed to the 6–8% range, significantly reducing affordability and resulting in fewer sales in both 2022 and 2023. However, 2024 saw a modest rebound in sales activity, driven by buyers adjusting to higher rates and recognizing that the ultra-low rates of 2020–2021 are unlikely to return soon.

Margaret Mitchell Area home within a 5-minute walk of Morris Brandon elementary whose sellers chose to list the home in October 2024, trusting the Wren Atlanta Team with Harry Norman Realtors to represent them. They got the home under contract within 5 days, resulting in a higher sales prices per square foot than numerous comparable homes nearby.

The chart below shows how the number of single-family homes for sale in Morris Brandon district dropped significantly after 2020 and 2021. This is often explained as the locked-in effect, where homeowner’s who secured low mortgage interest rates in 2020 and 2021 have been less inclined to move after rates increased. As buyers get used to the higher rates, many experts expect the number of homes for sale to increase in 2025.

“Home buyers will have more success next year. The worst of the affordability challenges are over as more inventory, stable mortgage rates and continued job and income growth pave the way for more Americans to achieve homeownership.””

— Lawrence Yun, Chief Economist - National Association of Realtors

Active Listings and Inventory Trends

• December 2024 Active Listings: 37, down 16% from 44 in December 2023 and 46% from 69 in December 2019.

• Inventory by Price Range:

  • Under $3M: Strong seller’s market across most segments.

  • $3M–$5M: Buyer’s market conditions due to fewer transactions and higher days on market.

In each year over the last 10 years, single-family homes priced $3 million - $5 million spent more time on the market than single-family homes priced at $3 million and below. What is noteworthy is that when comparing the average days on market for homes priced $3 million - $5 million in 2024 to homes in this same price range in the previous 9 years, this price range is selling faster in 2024 than in each of the years except for 2022. There has also been a steady downward trend since 2016 in the average number of days on market for homes priced at $3 million and below.

This chart demonstrates that demand for single-family homes in Morris Brandon Elementary district is still strong.

Days on Market: Faster Sales for Well-Priced Homes

• December 2024 Average Days on Market: 11 days—down 85% from 75 days in December 2023 and a staggering 93% decrease from 157 days in December 2019.

• Homes that are priced appropriately continue to sell quickly, highlighting strong buyer demand in the area. This is evident when looking at the median number of days on market in December 2024: just 4 days.

Conclusion

The Morris Brandon Elementary School District remains a highly desirable area, with strong demand driving competitive conditions in most price ranges. While the market experienced a slight rebound in sales volume in 2024, current inventory levels and quick sales for well-priced homes underscore the importance of strategic pricing and timing for sellers.

For buyers, the market continues to favor those who act decisively, particularly in the $750K–$2M range, where inventory remains low. However, those in higher price brackets may find opportunities in a buyer’s market setting.

If you’re considering buying or selling in 2025, now is the time to plan your strategy. With interest rates likely to remain higher than previous years, timing and preparation are key to achieving your goals.

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Thinking about buying or selling in the Atlanta area? The market is constantly shifting, and having the right strategy is key. Whether you're looking to maximize your home's value or find the perfect place to call home, we're here to help. Contact us today for expert guidance and a personalized game plan!

Case Study: Helping Our Sellers On Midvale Drive Get $25,000 Above Asking Price

When our clients at 244 Midvale Drive came to us with a goal to sell their home quickly and for a great price, we knew our comprehensive marketing plan would help them achieve their goals. By implementing a strategic approach to attract buyers, we were able to sell their home for $25,000 over asking price, and secure favorable contract terms that eased their transition into their next home.

The Challenge

The home, located near Chastain Park and the Blue Heron Nature Preserve, had a lot to offer but also came with a few challenges. The floor plan wasn’t ideal for everyone, the parking situation was tricky, there were a few bathrooms that could use an update, and the proximity to a busy street could have been a concern for some buyers. However, we knew how to position these aspects while maximizing the property’s strengths.

Our Marketing Approach

We focused on creating strong buyer interest by highlighting the home’s best features and desirable location. Our comprehensive marketing plan included:

• Professionally designed print and digital materials that showcased the home beautifully.

• Open houses that generated significant traffic and a high level of interest.

• A social media campaign to reach potential buyers who were looking for homes in this area.

• High quality professional photos highlighting area amenities and parks.

This strategy resulted in multiple offers and the opportunity for us to invite buyers to submit their highest and best offers.

The Outcome

Not only did our sellers receive an offer $25,000 over the asking price, but the terms of the contract were also highly favorable. One of the most beneficial aspects was securing a temporary occupancy period after closing, allowing the sellers to remain in the home for a period of time without the pressure of immediately moving out. This helped minimize the need for renting a temporary home before transitioning into their next property.

By understanding our clients' needs and leveraging our marketing expertise, we were able to maximize the value of their home while making their move as seamless as possible.

Client Testimonial

“My wife and I have worked with Sherry and Matt on several transactions - both buying and selling homes.

They were great to work with when selling, bringing expertise in staging the home to sell and were realistic in setting the listing price.

When buying a home they took the time to learn about our family, our needs and wants. When they brought homes to us to see, it was clear they listened, taking us to only houses that interested us and if there were “other” options they clearly set the pros and cons before letting us make the decision to see the house or not. That saved us countless hours in the process.

During all our interactions with them they were responsive, professional, realistic and honest.

I have referred them to several friends and family and will use them again!”

— Andrew B.

Conclusion

Selling a home in a competitive market often requires more than just listing the property—it takes a well-thought-out strategy that addresses both the seller’s financial and logistical goals. Our success in selling this home on Midvale Drive demonstrates how a strong marketing plan, combined with expert negotiation, can lead to exceptional results.

If you're thinking of selling and want to achieve the best price and terms, we’d love to help you. Contact us today!

Matt Wren’s Phone: 404-731-8300 | Matt’s Email: Matt.Wren@HarryNorman.com
Sherry Wren’s Phone: 404-964-7080 | Sherry’s Email: Sherry.Wren@HarryNorman.com

Case Study: How We Turned One Successful Paces Battle Sale into Another After an Expired Listing

IMAGE OF 4402 PACES Battle.

Introduction

Selling a home in Buckhead can be challenging if it has been on the market before without success. This case study highlights how our strategic approach and comprehensive marketing process helped our seller achieve a quick and profitable sale for 4402 Paces Battle.

The seller’s home had originally been listed with another broker for five months before expiring without a sale. The seller did not want his home to linger on the market too long again. He then reached out to us after hearing about our successful sale of another home in his neighborhood (4410 Paces Battle). Following a positive referral, the seller of 4402 Paces Battle felt confident in meeting with us.

Image Of 4410 Paces Battle, A Property The Wren Team Listed FOR SALE, Representing The Seller, Before 4402 PACES BATTLE WAS PUT UP FOR SALE JUST ACROSS THE STREET.  We Implemented Our Comprehensive Marketing Plan For 4410, GENERATING A LOT OF INTEREST AND A QUICK SALE For $20,000 Above Asking Price.

Challenges For 4402 Paces Battle

1. Outdated Interior: The home had great bones, high ceilings, and desirable one-level living, but had not been updated in years. It featured outdated bathrooms, countertops, floor-to-ceiling mirrors on living room and bedroom walls, and a room needing paint. The seller did not want to make any updates, preferring to let buyers make their own improvements.

2. Unique Floor Plan and Vacant Status: The home's unique layout and empty state made it difficult for buyers to visualize its potential.

3. Formal and Ornate Kitchen: The kitchen's design was out of step with current buyer preferences.

Strategic Approach

Comprehensive Market Analysis (CMA)

We conducted a thorough CMA to set a realistic and competitive price, reflecting the actual size and condition of the home.

Enhanced Visual Marketing

• Professional Photography and Virtual Staging: High-quality photos and virtual staging showcased potential furniture layouts throughout the home. We also showed multiple use scenarios for one large room which had been modified over the years.

• Multi-Use Room Scenarios: We presented the large room as it would like as a fitness room and as a bedroom.

Targeted Marketing Campaigns

We launched an extensive marketing campaign, including:

• Online listings on multiple listing platforms

• Social media advertising

• Property webpages on the Wren Atlanta Team’s website and on the Harry Norman REALTORS® website

• Email campaigns to our extensive database of buyers and agents.

Open Houses and Private Tours

We organized several open houses and proactively spread the word about them, resulting in a buzz of activity at each, successfully drawing significant numbers of prospective buyers into the home. We also scheduled private tours for serious buyers, where we highlighted all the best features of the home and neighborhood. With each potential buyer, we answered their questions promptly to alleviate any concerns of potential buyers when possible and to help them become more confident in making an offer.

Execution and Outcome

Our efforts paid off quickly. Within 3 days of listing, we received a strong cash offer and went under contract. The sale closed just 16 days later.

Key Results:

• Quick Sale: Received strong interest from potential buyers, leading to a quick sale.

• Fast Closing: Closed 16 days after going under contract.

• Great Terms: The accepted offer was a clean, cash offer with great terms and for fair market value.

• Client Satisfaction: Our seller was delighted with the quick sale and overall experience.

Client Testimonial

"Sherry and Matt did their homework prior to the [listing] presentation, did very thorough research and analysis, demonstrated great communication skills and exceeded my expectations in marketing and successful performance!"

- Riaya K.

Key Takeaways

This case study underscores the importance of great communication during and after property tours, accurate property pricing and comparative market analysis, tailored marketing strategies, and expert negotiation skills in real estate sales. By understanding our seller’s needs and leveraging our comprehensive marketing approach, we delivered a swift and profitable sale.

The Wren Atlanta Team has a proven track record of success in selling multiple homes in the Paces Battle neighborhood.

If you're looking to sell your home and achieve outstanding results, contact the Wren Atlanta team, with Harry Norman, REALTORS®, today. Let us help you navigate the market with confidence and expertise.

Matt Wren’s Phone: 404-731-8300 | Matt’s Email: Matt.Wren@HarryNorman.com
Sherry Wren’s Phone: 404-964-7080 | Sherry’s Email: Sherry.Wren@HarryNorman.com

Local Market Update: Atlanta, Brookhaven, and Sandy Springs - June 2024

Local Market Update: Atlanta, Brookhaven, and Sandy Springs - June 2024

The real estate market in the combined cities of Atlanta, Brookhaven, and Sandy Springs is dynamic and shifting.   Here we provide an in-depth look at the current trends in the single-family homes in these 3 cities priced between $700,000 and $2,500,000 and how they compare to previous years.

Increasing Number of Homes for Sale

The total number of homes for sale has been on an upward trajectory throughout 2024. Each month through May has shown more new listings compared to the same month in 2023, resulting in a higher inventory of homes and more choices for buyers this year compared to the last few years.

Inventory Rising, But Still Low

In May 2024, active listings have seen a notable increase. Compared to April, active listings are up by 8% and have surged by 37% compared to May 2023. However, new listings in May 2024 have decreased by 6% from April but are still up by 20% from May 2023. This indicates that while fewer new homes entered the market in May, the overall inventory of available homes continues to grow and increased each month from January through May 2024.

Source: FMLS

The number of active listings in May is still 31% less than the average number of active listings for the month of May over the 7-year period from 2014-2020. This could be a result of the mortgage rate lock-in effect, which came about after owners of properties either purchased homes with very low fixed mortgage rates or refinanced their existing homes into fixed-rate mortgages with significantly lower interest rates than are available today. Mortgage rates began rising from below 3.0% in July 2021 to above 6.5% ever since the week of May 25, 2023 (according to a FreddieMac Primary Mortgage Market Survey of national lenders indicating rates for 30-year fixed-rate mortgages assuming good borrower credit and 20% down payment).

The average number of active listings in the month of May for the 4-year period from 2021 through 2024 was down 46% compared to the average from 2014-2020. Overall, we are still in an environment with a lower supply of homes for sale relative to long-term comparison periods, which is creating upward pressure on housing prices. Lawrence Yun, Chief Economist of the National Association of REALTORS® recently said, “In the current market, rising prices are the direct result of insufficient housing supply not meeting the full demand.”

“In the current market, rising prices are the direct result of insufficient housing supply not meeting the full demand.”

— Lawrence Yun, Chief Economist - National Association of REALTORS®

Home Sales Performance

Home sales have also shown strong performance. In May 2024, the number of home sales increased by 24% compared to April and by 4% compared to May 2023. This marks a continuous trend where home sales in each month of 2024 through May have exceeded the sales figures of the same months in 2023. This strong sales performance occurred despite the higher mortgage interest rates in 2024. For example, while Freddie Mac indicates the 30-year fixed-rate mortgage was an average of 6.74% in February 2024, versus 6.26% in February 2023, we found that the number of home sales in this area in February 2024 was still 45% higher than the same month in 2023. This may be partly because of the increase in the number of homes on the market for buyers to choose from, given that there were 10%-24% more active listings in January and February 2024 compared to this month the prior year. This may also have to do with other economic factors, such as the rise in the stock market which may have increased the amount of buyers' total savings and investments. For example, the S&P 500® rose about 20% from February 2023 to February 2024, while the Dow Jones® rose about 13% and the Nasdaq Composite rose 36%. These indexes kept rising after that and hit new record high values in May 2024 (Dow Jones) and June 2024 (S&P 500 and Nasdaq Composite).

The question of why are the number of home purchases up in 2024 relative to the previous few years, even while mortgage interest rates are higher, may have more than one answer. For example, some buyers may have become used to the idea of higher-for-longer interest rates going forward, which may not return any time soon to the record low mortgage rates that became available during the years when the Federal Reserve was trying to stave off a financial crises and slowdown from things such as the global pandemic. Others may have made their decisions more based on factors such as changing life events, growing families, job transfers and other reasons for purchasing, rather than interest rates alone. Others may have mentally offset the high interest rates by deciding to purchase now, before home prices potentially appreciate further. They may feel that if interest rates later come down, they can always refinance to a lower rate at that point.

Median Home Sales Price

The median home sales price in May 2024 saw a significant rise, increasing by 11% from April and by 9% from May 2023. Note that the median home sales price is not a perfect measure of appreciation, since it reflects the mix of homes sold during a period rather than the increase in value of any particular home. The same home sales trackers, such as the Case-Shiller Index and FHFA, are often the best way to look at home price trends overall. The S&P CoreLogic Case-Shiller Atlanta Home Price Index increased 6% year-over-year as of March 2024. This upward trend in home prices highlights a robust market where home values continue to appreciate.

Speed of Sales

Homes are selling quickly in this market. The median number of days on market before a home goes under contract was 12 days in May 2024. For the majority of 2024, homes have spent less time on the market compared to the same month in the previous year, indicating high demand.

Growing Inventory and Buyer Options

There are more homes available for sale now than in the past few years. Although there hasn’t been a consistent upward trend every month in those years, 2024 has seen a continuous monthly increase in active listings. As of June 2024, the number of active listings is the highest it has been since October 2020, providing buyers with more options.

Month’s Supply of Homes

The months' supply of homes in May 2024 is two months, the same as it was in May 2023. This level of supply generally indicates a seller's market.

Average Close to List Price Ratio

The closed price to list price ratio as of May 2024 is 99.8%, slightly down from 100.2% in April and 100.4% in May 2023. This slight decrease suggests that while homes are still selling close to their list prices, there is a marginal increase in negotiation flexibility for buyers.

Conclusion

The real estate market in Atlanta, Brookhaven, and Sandy Springs is dynamic, with increasing inventory and strong home sales performance. The trends indicate a favorable environment for sellers, with record home prices and quick sales. For buyers, the marginal increase in inventory provides more options than in the last few years and, in some cases, a bit of room to negotiate. A number of home buyers may have benefited from equity values breaking new records, as seen in the S&P 500®, Dow Jones® and Nasdaq Composite, which could have increased their savings and net worth. This could partly offset the increased mortgage interest rates and monthly mortgage payments if buyers can contribute more money than in previous years as a down payment to lower the mortgage loan amount required to purchase a home. Others could have decided to purchase based on changing expectations for future mortgage interest rates, potential opportunities to refinance later if mortgage rates come down, or changing life events. As we move through 2024, the market continues to offer robust opportunities for those looking to buy or sell in these vibrant communities.

For more detailed insights or to explore the market further, feel free to reach out to our team. We’re here to help you navigate these exciting times in the real estate market!

Note: This report was created by Matt Wren and is meant to be informative. The postings on this site are my own and don’t necessarily represent Harry Norman, REALTORS®’ positions, strategies, or opinions. Nothing herein should be construed as investment advice.  Consult a professional before making any investment decision.

Number of active listings and sales data in charts is from First Multiple Listing Service, while mortgage interest rates are as reported in the Freddie Mac Primary Mortgage Market Survey® from a group of lenders across the United States. For more info on the Freddie Mac survey results, click the link provided here. This info is believed to be accurate but is not warranted.
Data excludes off-market transactions or any transactions not listed in FMLS.

Press Release: Matt Wren Earns NAR Accredited Buyer Representative (ABR®) Designation

Atlanta, Georgia – Matt Wren, of the Wren team with Harry Norman, REALTORS®, has been awarded the Accredited Buyer’s Representation (ABR®) designation by the Real Estate Buyer’s Agent Council (REBAC) of the NATIONAL ASSOCIATION OF REALTORS® (NAR).

Purchasing a home is typically one of the biggest financial decisions you will ever make. There is a lot to learn and to consider in this complex decision. Buyer’s representatives advocate for the home buyer and help countless clients attain the dream of owning a home.

Whether you are purchasing your first home or your fifth, you benefit from working with a REALTOR®(or team of REALTORS®) who looks out for your needs and ensures the process goes as smoothly as possible. The ABR® designation indicates to consumers Matt’s commitment to buyer representation.

Accredited Buyer Representatives are trusted advocates for home buyers, with professional experience representing buyers on their home purchases and specialized elective training. Less than 3 percent of REALTORS® in the United States (who are members in NAR) have the ABR® designation. These professionals have elected to refine their skills with in-depth courses developed by NAR and REBAC to guide you through every step of the home buying process.

Matt’s professional experience includes helping buyer clients search for single-family homes, condos, and townhomes, write and negotiate offers on each, and successfully proceed from contract through closing. Matt will discuss your goals, help you understand how much you can afford and put you in touch with people who can provide financing, educate on market conditions, assist in identifying and researching a property, advise you in formulating an offer, help negotiate on your behalf (with your permission), provide a list of qualified vendors, discuss concerns, and assist with transaction details.

Matt is a solution seeker. He understands your needs and wants to help. Matt will put his experience to work to help you get through obstacles that can come up.

Matt is a member of the Wren Atlanta team with Harry Norman, REALTORS®, along with Sherry Wren. As a team, Matt and Sherry work together with each client to focus on their personal needs every step of the way. With a combined experience of over 40 years in residential real estate, the Wren team is seasoned yet continually learning and growing. The Wren team goes beyond expectations in order provide the best service possible to all clients.

For more information, you may contact Matt by telephone, (404) 731-8300, by email, matt.wren@harrynorman.com, or by visiting wrenatlanta.com.

Outstanding Turnout! | Family 5K Fun Run | Pound the Pavement for Peter | Saturday March 23, 2019

We had a Blast Again At Pound The Pavement For Peter In 2019!

Looking for a fun 5K Run/Walk to do for a good cause? This is a great one!

Pound the Pavement for Peter is a great event in the Historic Brookhaven neighborhood. This event is the 10th annual Pound the Pavement for Peter race and organizers expect 500+ participants. The race begins at 8:30 am rain or shine.

Registration details can be found through the link above. All proceeds benefit the following organizations:

• The Global Foundation for Peroxisomal Disorders

• The Adaptive Learning Center

• Children’s Healthcare of Atlanta - Medically Complex Care Program

We had a great time at the 2018 Pound the Pavement for Peter event and can’t wait to do it again!

Wren Atlanta is glad to be a Silver Corporate Sponsor of
Pound the Pavement for Peter in 2019.

Happy to be recognized by Harry Norman REALTORS® Buckhead NW Office

Happy that Harry Norman REALTORS® Buckhead Northwest office recognizes Wren Atlanta as the Team of the Month for January 2019 for Closed Volume!

Thankful for the trust of our clients and the support of our whole team
at Harry Norman!

If you’d like to discuss your real estate goals, feel free to reach out to us! We’d love to help!