Metro Atlanta’s Mid-Year Market Update

August 2023 Newsletter


As the summer heat continues to oppress grace our city, we’re pleased to keep you informed with relevant information about your home, our real estate market, and events in Atlanta and Georgia. Our seasonal articles include:

  • Metro Atlanta’s Mid-Year Real Estate Update: Statistics for YTD through June 2023 compared to 2022 and 2021 and summaries for Sellers and Buyers.

  • Back to School: Best sales, organizing your routine, inspirational study spaces and healthy, easy snacks.

  • Value-Focused Curb Appeal: Lighting your front porch, creative house numbers and colorful plants for the front of your home, and other easy ideas.

  • Savor Your Summer: Top golf courses in Georgia, festivals, end-of-the-summer fun for kids, best restaurants, a staycation idea, and looking ahead to Labor Day.

If you know someone contemplating a move or wish to discuss the dynamic changes in the Atlanta real estate market, please reach out. We’d love to have that conversation.

Enjoy the rest of your summer –

The Providence Group

P.S. Did you hear? Michelin Finally Decides Atlanta Is Worthy of Its Coveted Dining Guide 🍴

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Mid-Year Update: YTD Through June 30, 2023

4 Metro Atlanta Counties

Median Sales Price

Median Days On Market

Supply of Inventory

Sales Price vs. List Price

Shows to Pending

A SUMMARY FOR SELLERS: Despite some areas experiencing price drops and longer days on the market, the tight inventory ensures that sellers continue to maintain the upper hand in the real estate market. In Metro Atlanta, homes are still receiving multiple bids and selling swiftly. It remains evident that appropriately priced homes that show well consistently attract buyers and sell at or close to the list price.

A SUMMARY FOR BUYERS: As the market stabilizes, buyers may find increased leeway in terms of concessions like waiving home inspections. However, given the limited inventory, it remains crucial for buyers to have their financing prepared to swiftly make an offer once they encounter a prospective home.

Back-To-School Tips and Tricks

The Best Back-To-School Sales in 2023

Expect an average of 30-50% off clothing, school supplies, electronics, and more.

13 Ways to Get Organized for Back-to-School

DIY tips designed to get the school year off to a great start and back into a routine.

53 Inspirational Kids Study Rooms

Ideas that feature dedicated workspaces, shelving designs, and kids’ storage ideas.

Healthy Back-To-School Snacks

Ideas and suggestions for easy and convenient snacks.

Value-Focused Curb Appeal

16 Ways to Illuminate your Home’s Entrance

Pretty yet practical lighting ideas will let your front porch take center stage.

40 House Number Ideas for Curb Appeal

An opportunity to get creative, match your home’s architecture, and add curb appeal. 

21 Plants to Add Instant Curb Appeal

Add curb appeal, boost your property value, and enhance your home’s personality.

26 Affordable Ways to Up Your Curb Appeal

Savoring The End of Summer

35 Best Golf Courses in Georgia

Ranked by Golf Digest in 2023

Piedmont Park Summer Arts Festival

Aug. 19-20 | Closes at 5pm both days

Just one more day of fun!

Best Nature Walks & Hikes for Kids

Tubing & Rafting in Georgia

Summer Shade Festival

Aug. 26-27 | Grant Park

A Local’s Guide to the Best Restaurants in Atlanta

New openings and timeless favorites

Stonehurst Place, A Luxury B&B

SoHo meets sweet tea in Midtown

Looking Ahead to Labor Day

Dragon Con | Downtown

Art in the Park | Marietta

Stone Mountain Celebration

Hot Air Balloons | Callaway Gardens

Walter Reeves | The Georgia Gardener

Your August List of To-Do’s