2019 Georgia Housing Market Review

Housing Indicators are in for 2019, and it was another great year for Georgia’s housing market! With a strong economy and low mortgage rates, buyer activity has been strong. However, inventory levels are still below historical norms, and prices continue to rise. A few quick facts are listed below – all indicators are year over year for existing single-family homes.

• Median Sales Price: 6% increase to $228,000

• Pending Sales: 6.7% increase to 145,087

• Closed Sales: 4.9% increase to 142,915

• New Listings: 6.4% increase to 201,215

• Average Sales Price: 4% increase to $272,207

• Days on Market: 5% decrease to 55 days

• Months Supply of Inventory: 10.8% decrease to 3.3 months

This is all of Georgia. If you would like neighborhood-specific information please contact me, not every neighborhood or price point fits into these trends.