This document summarizes the August 2020 real estate market update for metro Atlanta. It analyzes 10 metrics including unemployment rate, median price, price per square foot, and more. Unemployment is up from February but prices continue rising due to strong demand and limited supply. The key takeaways are that prices are increasing, demand remains strong despite unemployment, and limited inventory is driving prices up in a sellers' market.

1. Metro Atlanta Real Estate
Market Update
August 2020

2. Metro Atlanta
FMLS service area

3. Road to ownership

4. Residential Real estate
Condo
Residential detached
Townhomes

5. The 10 Metrics we will use
1. Local unemployment rate
2. Median Price
3. Price Per Square feet
4. Dollar Volume of closed sales
5. New listings
6. Pending sales
7. Number of closings
8. Number of homes for sale
9. Showing per Listing
10. Time on the Market

6. Interest rate
August
Average 3.08% 30 year fixed
Nerdwallet.com
Federal reserve Bank

7. Unemployment rate
● Metro Atlanta 8.6 June 2020
● 3.3 Feb.
● U.S Bureau of labor Statistics
Bureau of Labor Statistics

8. Median Sales Price
● July $289,900
● August $292,500

10. Price Per Square Feet

11. Dollar volume of closed sales

12. New Listings

13. Pending sale

14. Number of homes for sale

15. # of Closings
August 2020 : 7,665

16. Showing per listing
August 2020 : 8.7

17. Time on The Market

18. Key Takeaway
1. Price is increasing
2. Demand is strong
3. Supply is limited

19. Market type
Buyers market Vs Sellers market

20. Look on the bright side
Sellers: High demand
Buyers: Low interest rate

21. Credits
Producer: Gaston Lamour, Daniel M.Dorat
Distribution: Daniel M. Dorat, Gaston Lamour
Design: Md Rokon
Presented by: Wesbert Saint Juste
Editor: Gaston Lamour
Image credits - markspain.com, wellstar.org, smithsonianmag.com, exploregeorgia.org, tripadvisor.ca