Georgia MLS Receives BEST MLS Awards

Earlier this year, many of our members took the time to fill out the customer satisfaction survey sent to you by WAV Group. Those results have been very helpful in setting priorities for our organization going forward. At Georgia MLS, we are dedicated to positioning you for success which is why we strive to provide the most advanced tools and resources so you can better serve your clients.  

WAV Group’s Customer Experience Index scores MLS organizations on seven standardized key performance indicators (KPIs): overall satisfaction, customer service, training, data quality, responsiveness, technology, and lead generation. In its first year, MLSs of various sizes and organizational structures from across the country participated in the program. Combined, these organizations represent approximately 250,000 agent and broker subscribers.

Thanks to our members, Georgia MLS was named a BEST MLS in the following categories

We are honored by the recognition, but even more proud to be serving our members each and every day. Our goal is to continue to provide top-of-the-line products and services to our members.

Learn more about the WAV Group Customer Experience Index and the BEST MLS badges here.

New Member Benefit: Create Floor Plans in 5 Minutes!

Create High-Resolution Floor Plans to Add to Your Listings with CubiCasa

CubiCasa is a revolutionary mobile app that produces detailed and attractive floor plans from a simple five-minute scan of a home. The app requires no training or extra equipment; it will work with almost any smartphone or tablet you already own. Because it’s so easy to use, it can be used by agents, appraisers, real estate photographers and more.

Our Partnership with CubiCasa Brings the Following Benefits to Our Members:

  • Free floor plans, with room dimensions and total square footage
  • A 25% discount on optional add-ons such as fixed furniture, Appraisal GLA, rush orders, or large homes
  • The ability to edit and customize floor plan outputs to your needs

Download the App!

GAMLS 2022 At a Glance

As we close out our 60th year in business and roll into 2023, we want to say THANK YOU to all of our amazing members!  We love helping you navigate the world of real estate and look forward to being a resource for brokers, agents, and appraisers in the upcoming year.  We work hard to provide you with top-of-the-line services and products, as well as the education to use these products effectively.


HIGHLIGHTS

All-time high membership: 52,000+ agents, 4,400 offices

Georgia MLS Real Estate School attendees have the highest 1st-attempt passing rate on the state exam.


Upgrades in GAMLS Solutions

Offer Manager

We launched a new member benefit, OfferManager. Integrated within ShowingTime, OfferManager eliminates the guessing game from submitting offers and gives GAMLS members the ability to seamlessly send and review offers all in one place! 

Ditto

DITTO is now compatible with 11 MLSs!  This enables our dual members to spend less time entering listings in multiple MLSs and more time enhancing their business in other ways!  New partnering MLS’s with ditto include Hinesville MLS, Crisp Area MLS, Tift Area MLS, Douglas Coffee MLS, Americus MLS, and West Metro MLS!

New Logo Debuted

new logo was debuted that better fits our brand!  Our Communications Specialist designed a new, more modern logo that is representative of our desire to provide the most up-to-date and current technologies to our members. 

188 Additional Counties Added to MLS Tax Suite

188 additional county records in Florida, Tennessee, Alabama, North Carolina and South Carolina were added to the GAMLS Tax Suite to supplement the 159 GA counties that we provide public records for.

Transitioned Our Online CE Platform to The CE Shop

GAMLS members have access to over 120 hours of continuing education that can be completed at your own pace and count towards the necessary 36 hours of CE needed for license renewal.

Supra Key Reciprocity

Supra eKeys connected to GAMLS accounts are now able to access lockboxes associated with First MLS, Carpet Capital MLS, Middle Georgia MLS, Central Georgia MLS, Milledgeville MLS, and the Greater Chattanooga MLS.

We were actively involved in and sponsored events hosted by REALTOR boards, REALTOR associations, and brokerages.  Events included officer installations, golf tournaments, monthly meetings, expos, RPAC sponsorships, and Circle of Excellence Awards.

We contributed nearly $300,000 to local associations in 2022

GAMLS Predictions

Buyers will have more options due to increased inventory on the market and will have increased negotiating power.  Listing agents will need to market their listings more efficiently in order to create additional interest and attract potential buyers.

2 New Member Benefits Releasing in January and April 2023

We are adding 2 new member benefits to start 2023 off strong!  This January, we are announcing CubiCasa, a new program that will make adding floorplans to listings easier than ever. Additionally, in April, we are debuting Rental Beast, a new member benefit that will support agents in taking advantage of this booming rental market.  Stay tuned for more information.

Member Benefit Spotlight: ListTrac

Track Your Listings with ListTrac

What is ListTrac?

ListTrac enables you to monitor your listing exposure and engagement across MLS, IDX, Zillow, Realtor.com, as well as other syndicated sites.  ListTrac displays detailed metrics and reports of listing exposure on a real-time dashboard.  Categories include listing views, shares, leads, and favorites.

How Does ListTrac Enhance My Business?

With the real estate market quickly changing, ListTrac gives you the ability to see how your listings are performing and adapt to how you are marketing them.  ListTrac displays the performance of your listings in comparison to each other, as well as where your listings are being viewed from. This member benefit also makes it possible to send a weekly report to your sellers to show how popular their listing is and how you are working to best serve them.

ListTrac can be accessed through your GAMLS account after login.  Just select ‘Listing Exposure’ under the Tools tab.  You can also add ListTrac to your ‘Quick Access’ links by selecting the gear wheel at the top of the dashboard, then choosing ListTrac under the “Listing Exposure” category.

WATCH THE LISTTRAC VIDEO >

September Market Report

Detailed insights into the September housing market performance are outlined below. You can also visit the Georgia MLS Market Statistics Page to view historic metrics since 2018.

Sales Volume

Across Georgia MLS’s footprint, our members sold nearly $3.8 billion in September 2022. Total sales volume is down both month-over-month and year-over-year in the ongoing post-pandemic market correction. September is also typically the start of the seasonal fall and winter slowdown in home sales.

  • Atlanta MSA: $3.04 billion (-11.6% m/m, -11.9% y/y), 7,043 units sold (-9.6% m/m, -21.4% y/y)
  • Atlanta Core: $2.6 billion (-10.7% m/m, -11.9% y/y), 5,714 units sold (-9.3% m/m, -21.4% y/y)

Sales Price

Rising mortgage rates, increasing active inventory and housing starts are countering high home prices. CNN reports, “Prices are likely to drop further, but not by as much as they did during the housing bust.”

  • Atlanta MSA: $379,000 median sales price (-2.6% m/m, +16.9% y/y)
  • Atlanta Core: $393,445 media sales price (+1.3% m/m, -20.9% y/y)

Inventory

Active listings are climbing from their record lows in March 2022, with Georgia MLS members recording 12,980 overall new listings (-8.3% m/m, -2.3% y/y) and 22,765 overall active listings (+6.4% m/m, +72.7% y/y). September was the sixth consecutive month of increases for active listings in the Atlanta MSA and Atlanta Core areas.

  • Atlanta MSA:
    • 9,883 new listings (-8.8% m/m, -3.1% y/y)
    • 16,552 active listings (+6.3% m/m, +78.9% y/y)
  • Atlanta Core:
    • 8,035 new listings (-8.6% m/m, -4.3% y/y)
    • 13,186 active listings (+3.8 m/m, +59.2% y/y)

As always, Georgia MLS is committed to supporting real estate professionals across the state. If you have any questions, please call us at 770-493-9000 or email membership@GeorgiaMLS.com.

August Market Report

Back to School, Back to Normal

August is unofficially the last month of summer, with many returning to everyday school routines and regular 9-5 schedules. Georgia’s housing market is also normalizing, with sky-high home prices and inventory shortages coming back down to earth. Detailed insights into the August housing market performance are outlined below. You can also visit the Georgia MLS Market Statistics Page to view historic metrics since 2018.

Sales Volume

Across Georgia MLS’s footprint, our members sold nearly $4.3 billion in August 2022, an incremental increase month-over-month (+0.2% since July 2022) and a mild decrease from August 2021 (-5.3% year-over-year). Sales volume is still primarily driven by high home prices, persisting over 15% higher than last year. The Atlanta-Journal Constitution notes, “Atlanta’s affordability has taken a hit in recent years, with home prices climbing faster than many incomes and with the fiercest competition for the lower-priced homes that are likely to attract first-time buyers.”

  • Atlanta MSA: $3.4 billion (-0.9% m/m, -7.2% y/y), 7,693 units sold (+1.1% m/m, -19.6% y/y)
  • Atlanta Core: $2.8 billion (-1.4% m/m, -9.0% y/y), 6,214 units sold (+1.3% m/m, -20.9% y/y)

Sales Price

Rising mortgage rates, increasing active inventory and housing starts are countering high home prices. John Ryan, chief marketing officer for GAMLS, has said that this isn’t a massive bubble but a market “correction or normalization” after unprecedented demand throughout the pandemic.

  • Atlanta MSA: $379,000 median sales price (-2.6% m/m, +16.9% y/y)
  • Atlanta Core: $393,445 media sales price (+1.3% m/m, -20.9% y/y)

Inventory

Active listings are climbing from their record lows in March 2022, with Georgia MLS members recording 14,161 overall new listings (-4.2% m/m, -2.8% y/y) and 21,402 overall active listings (+3.2% m/m, +57% y/y).

  • Atlanta MSA:
    • 10,840 new listings (-4.6% m/m, -3.9% y/y)
    • 15,572 active listings (+3.9% m/m, +61.7% y/y)
  • Atlanta Core:
    • 8,794 new listings (-5.1% m/m, -5.3% y/y)
    • 12,428 active listings (+3.8 m/m, +59.2% y/y)

Despite fears of a recession, the housing market is still generally favorable for buyers and sellers. As always, Georgia MLS is committed to supporting real estate professionals across the state. If you have any questions, please call us at 770-493-9000 or email membership@GeorgiaMLS.com.

New Member Benefit! Offer Manager

Integrated within your ShowingTime account on both mobile and desktop.

Offer Manager brings improved efficiency and communication to a critical part of the real estate process. Its integration with the ShowingTime platform provides agents significant benefits without disrupting their current workflow and communication styles.

How It Works

Submit the Offer Through the MLS
By submitting the offer instead of emailing it, Offer Manager gives complete confidence the listing agent has the offer, complete with a quick-glance summary and all documents.

Get an Offer Received Notification
Buyer’s agents will be instantly notified with the exact date and time the listing agent actually opened their offer, which can be forwarded to the buyer letting them know their offer was officially received.

Receive Better Offer Communication
By making it painlessly easy for the listing agent to keep you updated on the status of your offer, you’ll be more informed throughout the whole process and can better serve your buyers

Why Submit an Offer through ShowingTime?

Submitting an offer in the MLS with ShowingTime’s Offer Manager gives you confidence the listing agent has received the offer, complete with a notification to buyer’s agents when it was viewed.

Check out the video to learn other reasons submitting your offer improves communication and efficiency.

Be sure to download the ShowingTime app and check that your profile email and mobile number are up to date.

Georgia MLS May Market Report

Late spring and early summer are the busiest selling seasons, and we’re beginning to return to that traditional seasonal sales cycle post-pandemic. Our members generated over five billion dollars in home sales in May, proving that the housing market is hotter than ever. Detailed insights into the May housing market performance are outlined below. You can also visit the Georgia MLS Market Statistics Page to view historic metrics since 2018.

Sales Volume

Georgia MLS members sold over $5.8 billion of residential real estate in May, both month-over-month (+32.6% over April 2022) and year-over-year (+35.9% over May 2021) increases. While sales volume and home prices are up, rising inventory levels may indicate decreasing pressure on home prices during the coming months.

  • Atlanta MSA: $4.9 billion (+37.6% y/y, +37.9% m/m)
  • 12-county Atlanta Core: $4.4 billion (+40.2% y/y, +43.4% m/m)

Housing affordability continues to weaken as the median sales price for residential homes across the Georgia MLS membership has continued to increase, but at a slower pace than the past few months, to $370,000 (+21.3% y/y and +2.8% m/m). According to Urbanize Atlanta, not only are the rising median home prices a huge issue, but the rising mortgage rates are also making it increasingly difficult to buy a home.

  • Atlanta MSA: $395,000 (+23.1% y/y, +3.9% m/m)
  • 12-county Atlanta Core: $409,000 (+20.5% y/y, +3.5% m/m)

Inventory

Georgia MLS members sold 11,169 residential units in May (-4.1% y/y, +6.2% m/m). According to John Ryan, our chief marketing strategist, in an interview with Fayette County News, even though the housing market has been more normal in 2022, it could be a few years before the supply catches up with demand. The steady increase in units sold and new and active listings is a step in the right direction, though.

  • Atlanta MSA: 8,409 units sold (-8.4% y/y, +5.1% m/m)
  • 12-county Atlanta Core: 6,908 units sold (-9.5% y/y, +5.7% m/m)

The Georgia MLS membership currently has 15,097 new listings, a 9.7% increase from May 2021 (+12.5% m/m). 13,457 active listings are currently on the market (+28.2% y/y, +16.6% m/m).

  • Atlanta MSA: 11,322 new listings (+6.0% y/y, +12.0% m/m), 9,305 active listings (+24.5% y/y, +16.1% m/m)
  • 12-county Atlanta Core: 9,224 new listings (+4.5% y/y, +13.1% m/m), 7,379 active listings (+20.1% y/y, +16.1% m/m)

In the middle of the third year of the pandemic, real estate professionals will have to work harder and harder for every sale. Take a look at the resources, products, and services available to Georgia MLS members to help give your business a competitive edge.

You can also find our additional insights on May’s housing numbers at the links below:

As always, Georgia MLS is committed to supporting real estate professionals across the state. If you have any questions, please call us at 770-493-9000 or email membership@Georgia MLS.com

Georgia MLS April Market Report

Compared to the beginning of this year, sales have increased greatly in the spring months. March saw an over 30% increase in sales volume for Georgia MLS members from the month before, and April stayed steady on this trend with only a slight drop off in homes sold. Atlanta Agent Magazine is confident that the growth of homes on the market in April could start a trend of increased housing inventory, easing pressures on potential first-time homebuyers and families looking to upgrade from starter homes. You can also visit the Georgia MLS Market Statistics page to view historic metrics since 2018.

Sales Volume

Georgia MLS members reached over $4.4 billion in total sales volume for April, an 5.0% increase over last year and a 1.6% decrease from March 2022. Atlanta Agent Magazine notes that after a massive increase in sales volume in March from the month before, April saw a decline in home sales despite more homes entering the market.

  • Atlanta MSA: $3.5 billion (+3.8% y/y, -1.2% m/m)
  • 12-county Atlanta Core: $3 billion (+2.0% y/y, flat m/m)

Housing affordability continues to weaken as the median sales price for residential homes across the Georgia MLS membership increased to $360,000 (+22% y/y and +2.9% m/m).

  • Atlanta MSA: $380,000 (+22.8% y/y, +4.1% m/m)
  • 12-county Atlanta Core: $394,000 (+21.7% y/y, +4.1% m/m)

Urbanize Atlanta notes that the median home price has risen tremendously during the last year and a half, with no evidence of letting up: “The federal reserve has enacted rate spikes of more than 2 percent in recent months as a means of taming inflation.”

Inventory

Georgia MLS members sold 10,453residential units in April (-10.6% y/y, -5.9% m/m).The membership saw a decrease in housing inventory over the last month compared to April the year before and March of this year. Residential inventory is at just0.86 months, indicating that if new listings stopped completely, there are only a few weeks of housing inventory available before no more sales could be completed. The number of active listings this month increased from March of 2022 which was at a historic low.

  • Atlanta MSA: 7,944 units sold (-12.6% y/y, -6.3% m/m)
  • 12-county Atlanta Core: 6,487 units sold (-14.0% y/y, -5.2% m/m)

The Georgia MLS membership currently has 13,414 new listings, a 9.0% decrease from April 2021 (-1.4% m/m). 11,541 active listings are currently on the market (+15.3% y/y, +18.0% m/m).

  • Atlanta MSA: 10,111 new listings (-12.3% y/y, -1.0% m/m), 8,013 active listings (+10.3% y/y, +19.2% m/m)
  • 12-county Atlanta Core: 8,158 new listings (-15.3% y/y, -1.7% m/m), 6,358 active listings (+6.4% y/y, +19.9% m/m)

This month saw the beginning of some positive trends to keep an eye on. As we enter the third year of the pandemic, real estate professionals will have to work harder and harder for every sale.Take a look at the resources, products, and services available to Georgia MLS members to help give your business a competitive edge.

As always, Georgia MLS is committed to supporting real estate professionals across the state. If you have any questions, please call us at 770-493-9000 or email membership@Georgia MLS.com.

Georgia MLS March Market Report

The spring season is also the traditional hot selling season. 2020 and 2021 broke conventional patterns due to pandemic conditions, but we’re predicting a more normal seasonal sales cycle for 2022. Our members are handling more business than ever, generating over four billion dollars in home sales in March. Detailed insights into the March housing market performance are outlined below. You can also visit the Georgia MLS Market Statistics page to view historic metrics since 2018.

Sales Volume

Georgia MLS members sold over $4.4 billion worth of residential real estate in March, both a month-over-month increase (+35.9% over February) and year-over-year (+9.4% over March 2021).  However, while dollar sales volume is strong, the total number of residential units actually sold is similar to levels seen in 2018 and 2019. Rapidly increasing median home prices are likely to account for this phenomenon. Atlanta Agent Magazine notes a “healthy month-over-month gain” in sales from February.

  • Atlanta MSA: $3.5 billion (+8.3% y/y, +34.2% m/m)
  • 12-county Atlanta Core: $2.99 billion (+5.6% y/y, +34.6% m/m)

Housing affordability continues to weaken as the median sales price for residential homes across the Georgia MLS membership increased to $350,000 (+22.8% y/y and +4.5% m/m). Inman says that, “High home prices, rising mortgage rates and economic uncertainty means only 24 percent of consumers think it’s a good time to buy a home,” a record low not seen since the height of the Great Recession in 2010.

  • Atlanta MSA: $356,000 (+8.4% y/y, +34.2% m/m)
  • 12-county Atlanta Core: $377,000 (+20.2% y/y, +3.2% m/m)
Image Credit: Federal Reserve Bank of Atlanta / Mapbox / OpenStreetMap

The Federal Reserve Bank of Atlanta sent shockwaves through the state by officially recognizing Dawson, Fulton, Gwinnett, DeKalb and Newton counties as unaffordable. This metric is determined by comparing the median pre-tax income of an area to that area’s median home prices and monthly cost of owning a home.  “Affordable” home costs generally do not exceed 30% of a household’s income. The dream of homeownership is now even further out of reach for the millions of residents in these five counties. Bloomberg reports that unaffordability is not unique to the Atlanta metro, with housing affordability a record lows across the nation. However, Nashville is the only other city to see such drastic decreases in affordability.

Image Credit: Federal Reserve Bank of Atlanta / Mapbox / OpenStreetMap

Inventory

Georgia MLS members sold 10,946 residential units in February (-6.9% y/y, +29.2% m/m). Active listings have continued to decline steadily since November 2021, again contributing to the upward pressure on home prices. The month-over-month pace of total units sold will likely level off in the next few months due to the highest levels of the spring selling season waning. We can hope that with the pandemic also seeming to decrease, along with a robust economic recovery, more sellers will be tempted to enter the market and ease inventory shortages.

  • Atlanta MSA: 8,353 units sold (-8.6% y/y, +27.1% m/m)
  • 12-county Atlanta Core: 6,734 units sold (-10.9% y/y, +27.0% m/m)

The Georgia MLS membership currently has 13,608 new listings, a -2.4% decrease from February 2021 (+26.3% m/m). 9,782 active listings are currently on the market (+1.8% y/y, -4.1% m/m).

  • Atlanta MSA: 10,215 new listings (-7.0% y/y, +25.8% m/m), 6,720 active listings (-2.3% y/y, -6.0% m/m)
  • 12-county Atlanta Core: 8,299 new listings (–8.2% y/y, +25.3% m/m), 5,302 active listings (-5.4% y/y, -7.5% m/m)

Take a look at the resources, products, and services available to GEORGIA MLS members to help give your business a competitive edge.

As always, Georgia MLS is committed to supporting real estate professionals across the state. If you have any questions, please call us at 770-493-9000 or email membership@Georgia MLS.com.