JUNE HOUSING INDICATORS FOR GEORGIA
New Listings and Closed Sales saw moderate year-over-year gains, while Pending Sales declined. Median and Average Sales Prices were flat. Inventory levels continue to rise; however, lack of housing supply continues to remain a challenge across the state.
Housing Market Highlights for June:
🔼 New Listings increased 7% to 19,675
🔽 Pending Sales decreased 4% to 10,748
🔼 Closed Sales increased 11% to 12,320
🔼 Days on Market increased 35% to 50 days
🔼 Median Sales Price increased 1% to $375,000
🔼 Average Sales Price increased 1% to $467,096
🔼 Inventory levels increased 33% to 48,751 units
🔼 Months Supply of Inventory rose to 4.8 months
Stay tuned for next month’s update to see how the Georgia housing market trends through the summer.
Categories
Recent Posts
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "