SEPTEMBER HOUSING INDICATORS FOR GEORGIA

by Kimberly Yates

There was a mix of trends in the Georgia housing market with New Listings increasing but Pending and Closed Sales dipping slightly. Median and Average Sales Prices posted modest increases, while inventory levels saw substantial year-over-year growth. Click here to read the full update for September, including our Housing Supply Overview.

New Listings increased 10 percent to 15,920
Pending Sales decreased five percent to 8,855
Closed Sales decreased five percent to 9,481
Days on Market increased 37 percent to 48 days
The Median Sales Price increased two percent to $363,500
The Average Sales Price increased four percent to $444,455
Inventory levels increased 43 percent to 39,412 units
Months Supply of Inventory was up to 3.9 months