NOVEMBER HOUSING INDICATORS FOR GEORGIA

by Kimberly Yates

New Listings were mostly flat in November, while Pending Sales and Closed Sales saw moderate declines. Prices showed mixed movement, with the Median Sale Price edging down and the Average Sales Price nudging up. Although inventory levels continue to climb, housing supply across the state remains tight.

New Listings decreased one percent to 13,166
Pending Sales decreased seven percent to 8,241
Closed Sales decreased nine percent to 8,249
Days on Market increased 5 percent to 59 days
The Median Sales Price decreased one percent to $356,000
The Average Sales Price increased two percent to $449,463
Inventory levels increased 17 percent to 46,352 units
Months Supply of Inventory was up to 4.5 months