DECEMBER HOUSING INDICATORS FOR GEORGIA

by Kimberly Yates

In December, Georgia’s housing market delivered mixed results. New Listings held steady, while Pending Sales declined and Closed Sales rose. Median Sales Price dipped slightly, and Average Sales Price saw a modest increase. Although inventory levels continue to climb, housing supply across the state remains tight.

New Listings stayed flat at 10,690
Pending Sales decreased four percent to 7,175
Closed Sales increased three percent to 10,217
Days on Market increased 9 percent to 64 days
The Median Sales Price decreased one percent to $355,000
The Average Sales Price increased three percent to $451,484
Inventory levels increased 13 percent to 40,189 units
Months Supply of Inventory was up to 3.9 months