Atlanta Housing Market Conditions
Record-high mortgage rates are slowing the Atlanta housing market, with a decline in existing and new construction home sales. As a result, builders are responding aggressively and putting the breaks on new construction projects. As you move closer to Atlanta Metro's urban center, however, the market remains resilient and is not experiencing the same negative effects that the suburbs have seen.
Although Atlanta builders have reigned in new construction starts, there has been no lack of work throughout the construction industry. Builders are still working through backlogs, and the metro area benefits from continued job and population growth. Even so, experts warn of wide-ranging negative impacts on the economy in 2023 due to housing declines.
For now, plenty of new homes for sale in Allentown still remain.
Things to Do in Atlanta, GA
Host of the 1996 Summer Olympics, the capital city of Atlanta has much to offer! The vibrant culture, natural beauty, thriving economy and amazing attractions make this the hot spot for new homebuyers. Beautiful lush tree canopies give credence to the nickname, the City in a Forest. Golfing fanatics enjoy the pristine golf courses including the Bobby Jones Golf Course, Candler Park Golf Course, Ashton Hills Golf Club and Stone Mountain Park Golf. Spend time in the 300+ parks, nature reserves, and gardens. Festivals are frequent and celebrate everything from blossoming dogwood trees to music, antiques and holidays. Atlanta attractions mean you always have something to do. Visit the Atlanta Botanical Garden, Centennial Olympic Park and the Cascade Springs Nature Preserve. Families make many memories at the Georgia Aquarium, Zoo Atlanta, the Delta Flight Museum, the World of Coca-Cola, the LEGOLAND Discovery Center, and the Center for Puppetry Arts. Rich insights can be found at the National Center for Civil and Human Rights, the Martin Luther King Jr. National Historic Site and the Atlanta History Center. Professional sports fans love supporting the Atlanta Braves, Falcons and Hawks. Retail therapy awaits you at local antique stores, art galleries, malls, boutiques and specialty shops. The Atlanta dining experience is second to none with its array of eateries ready to tantalize the taste buds.
Industries in the Atlanta Area
The vibrant economy of this metropolitan area is boosted by finance, research, technology, education, media, art, entertainment, tourism and more. Over 75% of the Fortune 1000 companies have a presence in its metro area. Some of the major employers in the area include Delta Air Lines, Emory University & Emory Healthcare, The Home Depot, Piedmont Healthcare, AT&T, UPS, Marriott International and The Coca-Cola Company. With major employers as well as a thriving small business work force, you can easily find a career path for success in Atlanta.
School Districts in the Atlanta Area
The Atlanta Public Schools will take great care in the educational needs of your children. Talented teachers will help your children reach their full potential. This large district has an excellent reputation and ranking in learning and extracurricular opportunities. Higher education makes it home in Atlanta as well with Georgia State University, Emery University, the Georgia Institute of Technology and more.
Use NewHomeSource to explore the entire real estate market in Atlanta. Your new dream home is just a click away.
Atlanta new homebuilders have an array of new home floor plans and new home neighborhoods sure to meet your unique needs. Designing and building for today’s modern families, choose from a variety of exterior styles including Craftsman, farmhouse, contemporary, traditional and Tudor. These beautiful homes often feature mixed building materials, beams, covered porches, dormers and more to enhance curb appeal. New construction is focused north and south of the city with new home communities in eastern and western suburbs as well. When you are ready for a beautiful interior, Atlanta has you covered. Enjoy abundant natural light from windows as well as modern lighting fixtures. Relax and entertain in flowing great rooms with beautiful architectural details. Oversized kitchen islands serve as the hub of the home in chef-inspired kitchens with stainless steel appliances, large pantries and pendant lighting. Dual vanities, separate shower enclosures and large soaking tubs allow you to pamper yourself after a long day. From lower maintenance townhomes to sprawling homes on larger lots, find the perfect new home for your family in the Atlanta area.
Popular Housing Developments in Atlanta, GA
Market Overview: New Homes in Atlanta, GA
Here is a quick overview of new housing developments in the Atlanta area and the new construction market for new build homes in Atlanta:
| Market Name | Atlanta |
| State Name | Georgia |
| Subdivisions | 621 |
| Homes Under Construction | 1,013 |
| Quick Move-in Homes | 1,385 |
| Floor Plans | 4,338 |
| Starting Price | $168,900 |
| Average Price | $493,557 |
| Price Per SqFt | $201 |
| New Home Builders | 135 |
| Leading Builders | - Meritage Homes
- DRB Homes
- Smith Douglas Homes
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