AUGUST HOUSING INDICATORS FOR GEORGIA

Georgia’s August housing market saw a moderate decline in both Pending Sales and Closed Sales. Meanwhile, Median Sales Price and Average Sales Price were both essentially flat. Inventory levels continue to rise, but overall housing supply across the state is still tight.

New Listings decreased one percent to 18,607
Pending Sales decreased 11 percent to 9,950
Closed Sales decreased six percent to 10,537
Days on Market increased seven percent to 58 days
Median Sales Price increased one percent to $355,580
Average Sales Price increased less than one percent to $444,971
Inventory levels increased three percent to 54,369 units
Months Supply of Inventory was up to 5.1 months