MAY HOUSING INDICATORS FOR GEORGIA

Georgia’s May housing market saw a decline in New Listings, Pending Sales, and Closed Sales. Meanwhile, Median Sales Price and Average Sales Price posted a slight increase. Inventory levels continue to rise, but overall housing supply across the state is still tight.

New Listings decreased seven percent to 19,563
Pending Sales decreased eight percent to 11,036
Closed Sales decreased three percent to 11,850
Days on Market increased six percent to 53 days
Median Sales Price increased two percent to $370,500
Average Sales Price increased two percent to $462,925
Inventory levels increased six percent to 50,001 units
Months Supply of Inventory was up to 4.9 months