Dunwoody Georgia Housing Market Update January 2022

In this video I review residential real estate sales activity data for the suburb Dunwoody, Georgia and overlay it to FMLS sales data for the Greater Atlanta, Georgia metro service area. Here is a brief summary of what you will see. The video contains 3 year historical data, the text summary here is specific to December 2021 and percentages are shown based on comparing December 2021 to December 2020. The median sales price for a home (single family detached, townhouse, and condos) in the Atlanta FMLS service area is up 22% to $353,800. Dunwoody is up 25.3% to $575,000. Atlanta Days-on-Market to contract acceptance is 9 days, 21% fewer days and Dunwoody Days-on-Market is 6, 57% fewer days than December 2020. Months Supply of Inventory, a "Balanced Market" is often defined as 5 to 6 months of inventory. As of December 2021 Atlanta FMLS MSA is 1.1 months of inventory, a reduction of 21% and Dunwoody had 0.4 months of inventory, a drop of 69% relative to December 2020. The number of showings from the on-market date to accepted offer is Atlants 14 days and Dunwoody 17.5. The median Sales Price to List Price for closed sales in December 2021 is 100% for Atlanta and 100.7% for Dunwoody. In summary Both Atlanta and Dunwoody have high demand for housing and a shortage of available inventory.