Georgia’s September Housing Indicators

The Georgia September 2023 monthly Housing Indicators data shows declines year-over-year for New Listings, Pending Sales, and Closed Sales. Meanwhile, both Average and Median Sales Prices continued rising while inventory levels dipped slightly.

• New Listings decreased eight percent to 14,781
• Pending Sales decreased 11 percent to 9,280
• Closed Sales were down 17 percent to 10,009
• Days on Market increased 20 percent to 36 days
• The Median Sales Price increased four percent to $353,440
• The Average Sales Price increased six percent to $427,973
• Inventory levels decreased three percent to 28,970 units
• Months Supply of Inventory was 2.8 months

In terms of the Housing Supply Overview, which analyzes key metrics concerning price range, property type, and bedroom count, the Townhouse/Condo segment showed the most significant price gain, with Median Prices increasing by four percent to $345,000. The data further revealed that properties within the price range of $200,000 to $299,999 sold the quickest, typically taking 36 days to sell. On the other hand, properties priced at $124,999 or less took the longest to sell, with an average of 52
days on the market. Regarding inventory, the Townhouse/Condo segment experienced a three percent decrease. There is 2.7 months supply for Single Family homes and 2.8 months supply for Townhouse/Condo.

Click here to access the full reports (page is password-protected).