JULY HOUSING INDICATORS FOR GEORGIA

by Kimberly Yates

New Listings saw moderate year-over-year gains, while Pending and Closed Sales declined. Median and Average Sales Prices remained flat. While inventory levels continue to rise, the lack of housing supply continues to remain a challenge across the state.

New Listings increased 10 percent to 19,380
Pending Sales decreased three percent to 10,429
Closed Sales decreased five percent to 11,233
Days on Market increased 31 percent to 51 days
The Median Sales Price stayed flat at $365,000
The Average Sales Price increased one percent to $451,148
Inventory levels increased 29 percent to 48,382 units
Months Supply of Inventory was up to 4.7 month