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Georgia Home Prices Continue to Climb in August
18 Sep 2018 -

New Listings increased 3.4 percent to 15,738. Pending Sales were up 5.6 percent to 11,731. Inventory levels shrank 7.8 percent to 36,754 units. Prices continued to gain traction. The Median Sales Price increased 6.7 percent to $216,500. Days on Market was down 11.8 percent to 45 days. Sellers were encouraged as Months Supply of Inventory was down 12.8 percent to 3.4 months. While some are starting to look for recessionary signs like fewer sales, dropping prices and even foreclosures, others are taking a more cautious and research based approached to their predictions. The fact remains that the trends do not yet support a dramatic shift away from what has been experienced over the last several years. Housing starts are performing admirably if not excitingly, prices are still inching upward, supply remains low and consumers are optimistic. The U.S. economy is under scrutiny but certainly not deteriorating.

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