Atlanta's population is 5.9M, with a total workforce of 2.7M. The labor market grew by 57,100 jobs over the past year, up by 2.1%. 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 781 active new home projects on the market, 6.9% fewer than the 839 from last year. The average list price in the market is $321,377, 3.8% higher than last year and 0.4% above the national average. Over the last three months, new home contracts decreased by 12.0% to 4,419. Cumming and Atlanta had the highest concentration of the new home contracts in the Atlanta market.