Atlanta Real Estate in April: Sales Up 32% YoY, Inventory Down 65% YoY

Note: Remember, sales were weak in April last year, so the year-over-year comparison is especially strong this month. 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 April 2021 were 8,925, up 31.9% from 6,766 in April 2020.

Active Residential Listings in April 2021 were 6,964, down 64.6% from 19,697 in April 2020. Inventory was down 6.1% from 7,418 last month.

Months of Supply was 0.82 Months in April 2021, compared to 2.54 Months in April 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 was at a record low in April.