Ryan Serhant of Owning Manhattan opens real estate office in Atlanta,

Georgia is a hot real estate market right now for homebuyers. 

SERHANT CEO and star of the Netflix series, ‘Owning Manhattan,’ Ryan Serhant told FOX Business in an interview that his real estate brokerage has “lot of clients that are in Georgia” that are “either moving to Georgia or their companies are moving to Georgia or they want a secondary home in Atlanta or Savannah” – and that was a major reason SERHANT entered the Peach State’s real estate market last year. 

His New York-headquartered real estate company announced the launch of SERHANT Georgia in February of last year starting with Savannah. More recently, in November, SERHANT set up shop in Atlanta.

Georgia is seeing a boom in its tech and entertainment industry as the blue state exodus drive consumers and owners to business-friendly cities like Atlanta. (iStock / iStock)

The state’s vibrant economy was a factor too, with Serhant saying many Fortune 500 companies have “some kind of operations” in the capital city. 

“In Savannah, you have significant amounts of jobs being created right now,” he also told FOX Business, highlighting Hyundai’s past multi-billion-dollar investment to develop its Hyundai Motor Group Metaplant America near Savannah. That plant is supposed to hold its “grand opening” celebration later this week.

On Monday, the automaker unveiled plans to improve Kia Autoland Georgia and other American production facilities as part of a new massive investment in the U.S. 

IS THE US HOUSING MARKET BECOMING A BUYER-FRIENDLY MARKET? 

In 2024, Georgia’s economy posted 3.1% growth, according to the University of Georgia Selig Center for Economic Growth. The number of jobs in the state rose by 60,400 during the year, the Georgia Department of Labor said in January.

Over the course of last year, Georgia notched over 121,500 closed sales of homes and nearly 121,900 pending sales, figures that represented 0.3% and 0.5% increases from the prior year, per the Georgia Association of Realtors. 

The median sales price of homes in the Peach State posted a 2.9% increase year-over-year.

There is demand in the Georgia real estate market in urban and suburban areas, according to Serhant. 

WATCH WHAT HAPPENS LIVE WITH ANDY COHEN Episode 18102 Pictured: Ryan Serhant (Photo by: Charles Sykes/Bravo/NBCU Photo Bank via Getty Images) (Charles Sykes/Bravo/NBCU Photo Bank via Getty Images / Getty Images)

“It’s a little bit of both, which is interesting because typically you have really strong demand for land while the urban market tends to slow down,” he said.

“We’re seeing kind of like a 50-50 split, and I think that’s also in part due to kind of the time of the decade that we’re in right now,” he continued. “It’s 2025, we’re coming off of any type of COVID housing buzz, and so you have people who moved out of the urban areas who are saying, ‘You know what, it’s time to go…