Buyer’s Market Conditions, Yet Atlanta Luxury Still Outpaces Last Year (first half 2025, $1M+)

Let’s take a look back at the first part of the year (January-June 2025) to take note of any trends happening.

** Link to Market Metrics page at the bottom of this post. **

All data is for condos priced above $1M
(High-Rise, Mid-Rise + Lofts, no town homes are included)

The first half of this year revealed a luxury condo market in Atlanta that shifted dramatically from strength to softness. What began with steady sales and firm pricing quickly gave way to rising inventory, slower absorption, longer days on market, and the lowest price per square foot we’ve seen so far. By June, the picture had flipped into one of the clearest buyer’s markets in recent memory.

At the beginning of the year, buyers faced a relatively tight environment with 87 condos priced at $1M or higher on the market in January. Closings were healthy, with 25 sales that month producing more than $50 million in total volume and a median price of $2.23 million. Price per square foot averaged $784, with many deals closing near 99 percent of list price. But more than half of that momentum came from a single source: The Dillon accounted for 14 of those 25 closings, or 56 percent of January sales. Those were presale contracts converting at delivery, and once that bulk of new construction closings hit, the impact of The Dillon on the wider market faded.

While the first half of 2025 tells a compelling story at a high level, the month by month data reveals how quickly the market evolved. The detailed analysis below examines pricing, concessions, days on market, inventory trends, and the shift from developer driven sales to a resale dominated market that ultimately shaped the first half of the year.

The Atlanta luxury condo market remains stronger than the headline numbers suggest, even if recent trends appear to be moving in the wrong direction. Subscribe for complimentary Insider Access to continue reading the full breakdown.