Atlanta's population is 5.9M, with a total workforce of 2.7M. The labor market grew by 53,700 jobs over the past year, up by 2.0%. The median household income in Atlanta is $63,986, 2.2% higher than last year and 4.3% above the national average of $61,372. In the housing market, total permits issued totaled 34,724 over the last twelve months, up 3.3% year-over-year.
Atlanta has 782 active new home projects on the market, 4.9% fewer than the 822 from last year. The average list price in the market is $326,445, 8.0% higher than last year and 2.0% above the national average. Over the last three months, new home contracts decreased by 8.7% to 4,662. Cumming and Atlanta had the highest concentration of the new home contracts in the Atlanta market.