MARCH HOUSING INDICATORS FOR GEORGIA

by Kimberly Yates

Georgia’s housing market kicked off the spring season with mixed trends. Pending Sales declined, while Closed Sales saw a slight uptick and New Listings remained steady. The Median Sales Price was flat and the Average Sales Price posted a modest increase. Inventory levels continue to rise, but overall housing supply across the state is still tight.

- New Listings increased one percent to 20,269
- Pending Sales decreased five percent to 11,722
- Closed Sales increased four percent to 10,794
- Days on Market increased seven percent to 62 days
- Median Sales Price stayed flat at $350,000
- Average Sales Price increased one percent to $441,996
- Inventory levels increased 11 percent to 44,932 units.
- Months Supply of Inventory was up to 4.4 months.