Michael Katz / Helping Home Realty

AUGUST 2025 MARKET UPDATE

The pace of home sales in the Atlanta metro slowed in July as buyers took a breather amid increased inventory and anticipation of interest-rate cuts later this year, Georgia MLS said.

Home sales fell 8% month over month and 4.5% year over year. Sales volume fell 11.3% month over month and 5.9% year over year to $2.61 billion.

The median sales price was $415,000 in July — flat with June and down 0.7% from $417,950 in July 2024.

New listings slid 2.3% month over month and rose 8.4% year over year to 9,360, while active listings were up 0.4% month over month and 32.7% year over year, at 22,671.

According to GAMLS, Rising inventory levels are allowing buyers to pause and shop more deliberately. Higher mortgage rates are also playing a major role. Some buyers are waiting to see if the Federal Reserve lowers rates later this year. A quarter- to half-point drop could spur a late-season surge, though rates are unlikely to fall below 6% any time soon. Economic uncertainty, including tariffs, is also keeping some buyers on the sidelines.

Zillow is predicting home prices to fall! Say what you will about Zestimates, but Zillow’s team has been fairly accurate in the last few years with their broader market forecasts, so when their forecast turns sharply negative, it’s time to take notice.

Zillow Becomes Housing Bear in Latest Forecast Zillow made waves last week after issuing a surprising revision to their housing market forecast: They now expect national home prices to decline over the