Georgia’s November Housing Market

Georgia’s November Housing Market

New Listings and Pending Sales all posted moderate year-over-year gains. Both Median and Average Sales Prices experienced modest upward movement, while inventory levels recorded substantial increases compared to the previous year.

•  New Listings increased five percent to 13,042
• Pending Sales increased four percent to 8,197
• Closed Sales increased one percent to 8,689
• Days on Market increased 46 percent to 57 days
• The Median Sales Price increased two percent to $357,000
• The Average Sales Price increased four percent to $440,440
• Inventory levels increased 34 percent to 39,137 units
• Months Supply of Inventory was up to 3.9 months

Looking at the Housing Supply Overview – which takes a closer look at key metrics in relation to price
range, property type and bedroom count – the property type with the largest price gain was the
Townhouse/Condo segment, where Median prices increased four percent to $325,000. The price range
that tended to sell the quickest was the $200,000 to $349,999 range at 44 days; the price range that
tended to sell the slowest was the $500,000 or Above range at 46 days. The property type that gained
the most inventory was the Townhouse/Condo segment, where it increased 60 percent. That amounts
to 3.8 months supply for Single Family homes and 4.5 months supply for Townhouse/Condo.

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