T
he Intown real estate market has remained active despite challenges from higher interest rates and an election year. According to the First Multiple Listing Service (FMLS), residential sales in Metro Atlanta reached 4,272 in October 2024, a 4.1% increase over the same period in 2023. The average sales price was $516,000, up 0.7% from the previous year.

    Realtor Carolyn Calloway notes that inventory rebounded in 2024, with new listings reaching 7,541, an increase of 14.1% from October 2023 and 2.9% from September 2024. This led to a more balanced market, with four months of supply available.

    Calloway also points out that traditional neighborhoods like Garden Hills, Peachtree Hills, and Ansley Park remain popular among buyers. The BeltLine is another sought-after area, offering a convenient lifestyle with great places to live, work, and play.

    Associate Broker Chrissie Kallio notes that 2024 was an adjustment year for both buyers and sellers, with owner-occupant resales being few and far between due to homeowners considering their pain points. However, she expects a shift in the market as interest rates stabilize.

    Ian Oliver suggests that buyers take advantage of the current situation, where condo inventory is high and days on market remain long. He encourages potential buyers to marry the home, not the interest rate, and refinance when rates come down.

    Molly Carter Gaines notes that 2024 was a whirlwind year for the Intown Atlanta real estate market, marked by interest rate uncertainty and an election year. Despite this, many buyers pressed forward, driven by clients relocating or outgrowing their homes. Inventory shortage remains a major challenge, but when properties are priced right and marketed well, they still move quickly.

    Gaines expects these trends to carry into 2025, with neighborhoods like Druid Hills, Virginia Highland, and Morningside remaining sought-after markets. She encourages buyers feeling frustrated by waiting for interest rates to drop and inventory to pick up to take heart, as many would-be sellers share their frustration.