FEBRUARY HOUSING INDICATORS

by Kimberly Yates

The Monthly Housing Indicators for Georgia are in for February. New Listings, Pending Sales, and Closed Sales continued to trend downward, while Median and Average Sales Price indictors showed a modest increase.

New Listings decreased 11 percent to 12,144
Pending Sales decreased 19 percent to 10,238
Closed Sales were down 21 percent to 8,685
Days on Market increased 58 percent to 52 days
The Median Sales Price increased three percent to $330,700
The Average Sales Price increased four percent to $383,532
Inventory levels increased 58 percent to 23,533 units
Months Supply of Inventory was up to 2.2 months