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  • Writer's pictureTerry Wright

What to expect from the Atlanta real estate market in 2024

For buyers:

Driving the news: John Ryan, chief marketing officer for Georgia MLS, tells Axios that at the tail end of 2023, MLS saw an increase in active sale listings.

  • "What that means is that there's going to be…a little bit more availability of houses as we move into 2024," he says.

Reality check: Availability and affordability will remain the two big issues facing the market this year, he says.

Zoom in: Orphe Divounguy, Zillow's senior economist, says the company's latest home value forecast shows metro area prices will increase 1.1% this year.

The big picture: If the economy is steady, 2024 mortgage rates could land around 6%. If the economy stumbles, rates could fall more significantly, Greg McBride, Bankrate's chief financial analyst told Axios' Brianna Crane.

  • But lower rates may not remove all hurdles and could mean higher prices if inventory stays low as demand increases.

What we're watching: Atlanta homeowners tired of waiting for interest rates to drop back to 2021 levels may decide to sell, Divounguy says.

  • "More homes on the market would be good news for buyers, spreading demand and slowing price growth."


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