AUGUST HOUSING INDICATORS FOR GEORGIA

by Kimberly Yates

New Listings, Pending Sales, and Closed Sales each saw modest declines. Both Median and Average Sales Prices increased slightly. While inventory levels continue to rise, lack of housing supply continues to remain a challenge across the state.

New Listings decreased three percent to 17,837
Pending Sales decreased four percent to 10,268
Closed Sales decreased four percent to 10,544
Days on Market increased 23 percent to 53 days
The Median Sales Price increased one percent to $365,000
The Average Sales Price increased three percent to $449,459
Inventory levels increased 23 percent to 48,129 units
Months Supply of Inventory was up to 4.7 months"