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Atlanta-Sandy Springs-Alpharetta Home Prices Remain Unchanged Year Over Year in September, According to First American Data & Analytics Monthly Home Price Index Report

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First American Data & Analytics released its September 2024 Home Price Index (HPI) report, revealing that Atlanta-Sandy Springs-Alpharetta home prices remained unchanged year-over-year. The national HPI showed a 3.9% increase from September 2023 to September 2024, marking the slowest annual appreciation pace since summer 2023.

Key findings for Atlanta-Sandy Springs-Alpharetta:

  • Month-over-month change (August-September 2024): -0.7%
  • Year-over-year change (September 2023-September 2024): 0.0%
  • Price tier changes: Starter homes +0.1%, Mid-tier +1.3%, Luxury +2.5%

Chief Economist Mark Fleming noted that while home prices reached a new record high in September, growth continues to slow. He suggested that lower mortgage rates could stimulate demand in coming months, potentially leading to accelerated price appreciation if housing supply doesn't increase.

First American Data & Analytics ha pubblicato il rapporto dell'Home Price Index (HPI) di settembre 2024, rivelando che i prezzi delle case ad Atlanta-Sandy Springs-Alpharetta sono rimasti invariati rispetto all'anno precedente. L'HPI nazionale ha mostrato un incremento del 3,9% da settembre 2023 a settembre 2024, segnando il ritmo di apprezzamento annuale più lento da estate 2023.

Risultati principali per Atlanta-Sandy Springs-Alpharetta:

  • Variazione mese su mese (agosto-settembre 2024): -0,7%
  • Variazione anno su anno (settembre 2023-settembre 2024): 0,0%
  • Variazioni nei livelli di prezzo: Case di partenza +0,1%, Intermedie +1,3%, Lusso +2,5%

Il capo economista Mark Fleming ha osservato che mentre i prezzi delle case hanno raggiunto un nuovo massimo storico a settembre, la crescita continua a rallentare. Ha suggerito che tassi ipotecari più bassi potrebbero stimolare la domanda nei prossimi mesi, portando a un possibile acceleramento dell'apprezzamento dei prezzi se l'offerta di abitazioni non aumenta.

First American Data & Analytics publicó su informe del Home Price Index (HPI) de septiembre de 2024, revelando que los precios de las viviendas en Atlanta-Sandy Springs-Alpharetta se mantuvieron sin cambios año tras año. El HPI nacional mostró un aumento del 3,9% de septiembre de 2023 a septiembre de 2024, marcando el ritmo de apreciación anual más lento desde el verano de 2023.

Conclusiones clave para Atlanta-Sandy Springs-Alpharetta:

  • Cambio mes a mes (agosto-septiembre 2024): -0,7%
  • Cambio año a año (septiembre 2023-septiembre 2024): 0,0%
  • Cambios en los niveles de precios: Viviendas iniciales +0,1%, Intermedias +1,3%, Lujo +2,5%

El economista jefe Mark Fleming señaló que, aunque los precios de las viviendas alcanzaron un nuevo récord en septiembre, el crecimiento sigue desacelerándose. Sugerió que tasas hipotecarias más bajas podrían estimular la demanda en los próximos meses, lo que podría llevar a una apreciación acelerada de los precios si la oferta de vivienda no aumenta.

퍼스트 아메리칸 데이터 & 분석이 2024년 9월 주택 가격 지수(HPI) 보고서를 발표했으며, 애틀랜타-샌디 스프링스-알파레타의 주택 가격이 전년 대비 변동이 없었다고 밝혔습니다. 전국 HPI는 2023년 9월에서 2024년 9월 사이에 3.9% 증가를 나타내며, 2023년 여름 이후 가장 느린 연간 상승률을 기록했습니다.

애틀랜타-샌디 스프링스-알파레타에 대한 주요 발견 사항:

  • 월간 변화 (2024년 8월-9월): -0.7%
  • 연간 변화 (2023년 9월-2024년 9월): 0.0%
  • 가격대 변화: 스타터 홈 +0.1%, 중간 가격대 +1.3%, 고급 주택 +2.5%

수석 경제학자 마크 플레밍은 9월에 주택 가격이 사상 최고치에 도달했지만, 성장 속도가 계속 느려지고 있다고 언급했습니다. 그는 낮은 주택담보대출 금리가 향후 몇 달간 수요를 자극할 수 있으며, 주택 공급이 증가하지 않는다면 가격 상승이 가속화될 수 있다고 제안했습니다.

First American Data & Analytics a publié son rapport sur l'Home Price Index (HPI) de septembre 2024, révélant que les prix des maisons à Atlanta-Sandy Springs-Alpharetta sont restés inchangés d'une année sur l'autre. L'HPI national a montré une augmentation de 3,9% de septembre 2023 à septembre 2024, marquant le rythme d'appréciation annuel le plus lent depuis l'été 2023.

Résultats clés pour Atlanta-Sandy Springs-Alpharetta :

  • Changement mois par mois (août-septembre 2024) : -0,7%
  • Changement d'une année sur l'autre (septembre 2023-septembre 2024) : 0,0%
  • Changements de niveaux de prix : Maisons de départ +0,1%, Moyenne +1,3%, Luxe +2,5%

Le chef économiste Mark Fleming a noté qu'alors que les prix des maisons ont atteint un nouveau sommet en septembre, la croissance continue de ralentir. Il a suggéré que des taux hypothécaires plus bas pourraient stimuler la demande dans les mois à venir, ce qui pourrait entraîner une appréciation accélérée des prix si l'offre de logements n'augmente pas.

First American Data & Analytics hat seinen Bericht zum Home Price Index (HPI) für September 2024 veröffentlicht, der zeigt, dass die Immobilienpreise in Atlanta-Sandy Springs-Alpharetta im Jahresvergleich unverändert blieben. Der nationale HPI verzeichnete einen Anstieg von 3,9% von September 2023 bis September 2024, was das langsamste jährliche Wachstum seit dem Sommer 2023 markiert.

Wichtige Ergebnisse für Atlanta-Sandy Springs-Alpharetta:

  • Monatsänderung (August-September 2024): -0,7%
  • Jahresänderung (September 2023-September 2024): 0,0%
  • Preisklassenänderungen: Einsteigerwohnungen +0,1%, Mittelklasse +1,3%, Luxus +2,5%

Chefökonom Mark Fleming bemerkte, dass die Immobilienpreise im September ein neues Rekordhoch erreichten, das Wachstum jedoch weiterhin langsamer voranschreitet. Er schlug vor, dass niedrigere Hypothekenzinsen die Nachfrage in den kommenden Monaten ankurbeln könnten, möglicherweise zu einer beschleunigten Preissteigerung führen, wenn das Wohnungsangebot nicht steigt.

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House Price Growth Nationally Slips to Slowest Pace in Over a Year

—Slowdown Likely to Continue in the Near Term, but a Re-Acceleration May be on the Horizon, says Chief Economist Mark Fleming—

SANTA ANA, Calif.--(BUSINESS WIRE)--

First American Data & Analytics, a leading national provider of property-centric information, risk management and valuation solutions and a division of First American Financial Corporation (NYSE: FAF), today released its September 2024 Home Price Index (HPI) report. The report tracks home price changes less than four weeks behind real time at the national, state and metropolitan (Core-Based Statistical Area) levels and includes metropolitan price tiers that segment sale transactions into starter, mid and luxury tiers. The full report can be found here.

September1 Home Price Index

Atlanta-Sandy Springs-Alpharetta Market

Metric

Change in HPI

August-September 2024 (month over month)

-0.7 percent

September 2023-September 2024 (year over year)

0.0 percent

National HPI

Metric

Change in HPI

August-September 2024 (month over month)

+0.1 percent

September 2023-September 2024 (year over year)

+3.9 percent

Chief Economist National HPI Analysis:

“Annual house price appreciation nationally slowed for the ninth consecutive month, falling to the slowest pace since the summer of 2023,” said Mark Fleming, chief economist at First American. “While home prices reached a new record high in September, the pace of growth continues to slow. Lower mortgage rates have improved affordability, which will likely stimulate demand in the coming months, especially if rates continue to ease. If housing supply does not increase amid that potential increased demand, it’s possible that price appreciation could accelerate again.”

Year-Over-Year Price-Tier Data for the Atlanta-Sandy Springs-Alpharetta Metro Area: September 2023 to September 2024

The First American Data & Analytics HPI segments home price changes at the metropolitan level into three price tiers based on local market sales data: starter tier, which represents home sales prices at the bottom third of the market price distribution; mid-tier, which represents home sales prices in the middle third of the market price distribution; and the luxury tier, which represents home sales prices in the top third of the market price distribution.

CBSA

Starter

Mid-Tier

Luxury

Atlanta-Sandy Springs-Alpharetta

0.1%

1.3%

2.5%

“Price appreciation in 11 metros outpaced the national 3.9 percent annual increase, and house prices increased year over year in most markets we track as well,” said Fleming. “The ongoing price pressures in the starter home price tier across many markets highlights strong demand from first-time home buyers now armed with improved house-buying power, who face limited inventory at this price point.”

September 2024 First American Data & Analytics Price Tier HPI Highlights2

Core-Based Statistical Areas (CBSAs) Ranked by Greatest Year-Over-Year Increases in Starter Tier HPI

CBSA

Change in Starter Tier HPI

Change in Mid-Tier HPI

Change in Luxury Tier HPI

St. Louis

+10.5 percent

+2.6 percent

+1.3 percent

Warren, Mich.

+8.0 percent

+4.0 percent

+4.9 percent

Baltimore

+7.1 percent

+6.3 percent

+5.3 percent

Cambridge, Mass.

+6.9 percent

+3.4 percent

+5.5 percent

Pittsburgh

+6.7 percent

+7.7 percent

+4.1 percent

Additional September 2024 First American Data & Analytics HPI Highlights

Core-Based Statistical Areas (CBSAs) with Greatest Year-Over-Year Increases in HPI

CBSA

Change in HPI

Anaheim, Calif.

+7.0 percent

Pittsburgh

+6.3 percent

Miami

+5.3 percent

Cambridge, Mass.

+5.2 percent

Seattle

+5.1 percent

Core-Based Statistical Areas (CBSAs) with a Year-Over-Year Decrease in HPI

Oakland, Calif.

-5.8 percent

Tampa, Fla.

-0.3 percent

Denver

-0.3 percent

HPI data for all 50 states and the largest 30 CBSAs by population is available here.

Visit the First American Economic Center for more research on housing market dynamics.

Next Release

The next release of the First American Data & Analytics House Price Index will take place the week of November 18, 2024.

First American Data & Analytics HPI Methodology

The First American Data & Analytics HPI report measures single-family home prices, including distressed sales, with indices updated monthly beginning in 1980 through the month of the current report. HPI data is provided at the national, state and CBSA levels and includes preliminary index estimates for the month prior to the report (i.e. the preliminary result of July transactions is reported in August). The most recent index results are subject to revision as data from more transactions become available.

The HPI uses a repeat-sales methodology, which measures price changes for the same property over time using more than 46 million paired transactions to generate the indices. In non-disclosure states, the HPI utilizes a combination of public sales records, MLS sold and active listings, and appraisal data to estimate house prices. This comprehensive approach is particularly effective in areas where there is limited availability of accurate sale prices, such as non-disclosure states. Property type, price and location data are used to create more refined market segment indices. Real Estate-Owned transactions are not included.

Disclaimer

Opinions, estimates, forecasts and other views contained in this page are those of First American’s Chief Economist, do not necessarily represent the views of First American or its management, should not be construed as indicating First American’s business prospects or expected results, and are subject to change without notice. Although the First American Economics team attempts to provide reliable, useful information, it does not guarantee that the information is accurate, current or suitable for any particular purpose. © 2024 by First American. Information from this page may be used with proper attribution.

About First American Data & Analytics

First American Data & Analytics, a division of First American Financial Corporation, is a national provider of property-centric information, risk management and valuation solutions. First American maintains and curates the industry’s largest property and ownership dataset that includes more than 8 billion document images. Its major platforms and products include: DataTree®, FraudGuard®, RegsData®, First American TaxSource™ and ACI®. Find out more about how First American Data & Analytics powers the real estate, mortgage and title settlement services industries with advanced decisioning solutions at www.FirstAmDNA.com.

About First American

First American Financial Corporation (NYSE: FAF) is a premier provider of title, settlement and risk solutions for real estate transactions. With its combination of financial strength and stability built over more than 135 years, innovative proprietary technologies, and unmatched data assets, the company is leading the digital transformation of its industry. First American also provides data products to the title industry and other third parties; valuation products and services; mortgage subservicing; home warranty products; banking, trust and wealth management services; and other related products and services. With total revenue of $6.0 billion in 2023, the company offers its products and services directly and through its agents throughout the United States and abroad. In 2024, First American was named one of the 100 Best Companies to Work For by Great Place to Work® and Fortune Magazine for the ninth consecutive year, and named one of the 100 Best Workplaces for Innovators by Fast Company for the second consecutive year. More information about the company can be found at www.firstam.com.

1 The most recent index results are subject to revision as data from more transactions become available.

2 Note: Nassau-County-Suffolk County, NY is excluded from this month’s report due to data disruptions.

Media Contact:

Marcus Ginnaty

Corporate Communications

First American Financial Corporation

(714) 250-3298

Investor Contact:

Craig Barberio

Investor Relations

First American Financial Corporation

(714) 250-5214

Source: First American Data & Analytics

FAQ

What was the year-over-year home price change for Atlanta-Sandy Springs-Alpharetta in September 2024?

According to the First American Data & Analytics HPI report, home prices in Atlanta-Sandy Springs-Alpharetta remained unchanged (0.0% change) year-over-year in September 2024.

How did national home prices change from September 2023 to September 2024?

The national Home Price Index (HPI) showed a 3.9% increase from September 2023 to September 2024, which was the slowest annual appreciation pace since summer 2023.

What were the price tier changes in Atlanta-Sandy Springs-Alpharetta for September 2024?

In Atlanta-Sandy Springs-Alpharetta, the price tier changes from September 2023 to September 2024 were: Starter homes +0.1%, Mid-tier homes +1.3%, and Luxury homes +2.5%.

Which metro area had the highest starter tier HPI increase in September 2024?

According to the report, St. Louis had the highest starter tier HPI increase at +10.5% year-over-year in September 2024.

What factors could potentially lead to accelerated price appreciation, according to First American's Chief Economist?

Chief Economist Mark Fleming suggested that lower mortgage rates could stimulate demand in coming months, potentially leading to accelerated price appreciation if housing supply doesn't increase to meet the demand.

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