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Modest Growth for Georgia’s Housing Market in 2018
24 Jan 2019 -

The 2018 Annual Report of the Georgia Housing Market is in, giving a big picture of housing trends in Georgia for the past year. While growth in some parts of the state was more robust than others, overall we are seeing a steady incline for sales, listings and prices, while inventory remains tight. Below are key statistics for Georgia’s five most populated cities:

                           Closed Sales      % change over 2017                 Median Price     % change over 2017

Atlanta                 88,688                   +1.5%                                      $230,905              +7.4%

Savannah            4,268                     +3.4%                                      $213,000              +3.9%

Columbus            1,948                     +5.6%                                      $129,500              +1.4%

Macon                  630                        +16.9%                                   $125,500              +10.1%

Augusta               1,891                     +4.9%                                      $123,250              +6.3%

Information for this report is derived from six MLSs* around the state to give us a representation of the housing market year-over-year for various statistics, including pending sales, median sales price, days on the market until closing, and more. While these statistics do not cover every single property in the state, we have a large enough reach through the MLS's to be confident that these reports contain a representative sample of the Georgia housing market's big picture, and are a reliable source of trends.

However, starting in 2019, our monthly housing indicators will contain data from all 13 MLSs in Georgia, which will give us a picture of the market that is more than 95 percent accurate. The first report with the upgraded data will be available on or before February 20, 2019.

 

Click here to review the full report.

 

*Georgia MLS, First Multiple Listing Service (FMLS), Greater Augusta Association of REALTORS®, Columbus Board of REALTORS®, Middle Georgia Association of REALTORS®, and Savannah Area REALTORS®

 

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