Atlanta's real estate market is experiencing a price correction, with values down 8.6% from last year. Home prices have decreased 7.4% in the past month. With 5.9 months of supply, Atlanta's inventory levels remain relatively tight. Homes are taking about 50 days to sell, which is 6 days longer than this time last year. A significant 33.2% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 19.1% of homes sold above list price, indicating some competitive segments within the market. Current trends suggest further price adjustments may occur as the market continues to favor buyers.