SEPTEMBER HOUSING INDICATORS FOR GEORGIA

by Kimberly Yates

New Listings and Closed Sales each posted modest gains, while Pending Sales retracted slightly. Median Sale Price saw a slight dip, while the Average Sales Price was flat. Although inventory levels continue to climb, housing supply across the state remains tight.

New Listings increased 11 percent to 18,048
Pending Sales decreased one percent to 9,400
Closed Sales increased four percent to 10,257
Days on Market increased 19 percent to 56 days
The Median Sales Price decreased three percent to $355,000
The Average Sales Price increased one percent to $448,363
Inventory levels increased 20 percent to 47,848 units
Months Supply of Inventory was up to 4.7 months