The Atlanta, GA metro area housing market in February 2025 presents a complex landscape with varying trends across different metrics. The Median Sales Price has increased to $385,945, marking a 2.1% rise year-over-year (YoY). This upward trend is mirrored in the Median List Price, which has climbed to $405,000, reflecting a 3.8% YoY increase. However, the median Price Per Square Foot has slightly decreased by 0.7% YoY, now standing at $186.21, indicating a potential shift in buyer preferences or market dynamics.

Despite the increase in prices, the number of Homes Sold has decreased significantly by 11.6% YoY, with 5,103 Homes Sold in February 2025. Pending Sales have also seen a notable decline of 14.7% YoY, totaling 6,734. This reduction in sales activity could be attributed to various factors, including economic conditions or changes in buyer sentiment.

New Listings have decreased by 9.0% YoY, with 8,158 properties entering the market. However, inventory levels have risen by 16.8% YoY, reaching 21,675 homes. This increase in inventory, coupled with a 100% YoY rise in Months of Supply to 4.20 months, suggests a shift towards a more balanced market, potentially offering buyers more options and negotiating power.

The Median Days on Market have increased by 19.0% YoY to 68 days, indicating that homes are taking longer to sell. The average sale to list ratio has slightly decreased by 0.5% YoY to 97.9%, suggesting that sellers may need to adjust their expectations in terms of pricing. Additionally, the percentage of Homes Sold above list price has dropped by 3.4% YoY to 18.5%, further highlighting the changing market conditions.

Price Drops have become more common, with a 6.3% YoY increase, now affecting 29.4% of listings. This trend may reflect sellers' attempts to attract buyers in a more competitive environment. Meanwhile, the percentage of homes going off the market within two weeks has decreased by 7.0% YoY to 24.3%, indicating a slower pace of transactions.

Overall, the Atlanta housing market in February 2025 is characterized by rising prices and increased inventory, but also by a slowdown in sales activity and longer time on the market. These trends suggest a market in transition, with potential opportunities for both buyers and sellers to navigate the evolving landscape.