JANUARY HOUSING INDICATORS

by Kimberly Yates

The Monthly Housing Indicators for Georgia are in for January. Months Supply of Inventory increased 100 percent year over year and Average Sales Price made slight gains.

New Listings decreased two percent to 12,618
Pending Sales decreased 17 percent to 9,773
Closed Sales were down 30 percent to 6,865
Inventory levels increased 60 percent to 24,978 units
The Median Sales Price increased three percent to $319,900
The Average Sales Price increased two percent to $372,437
Days on Market increased 50 percent to 51 days
Months Supply of Inventory was up 100 percent to 2.2 months