Georgia’s October Housing Indicators

The Georgia October 2023 monthly Housing Indicators data shows an increase in New Listings and decreases in Pending Sales and Closed Sales year-over-year. Meanwhile, both Average and Median Sales Prices continued rising while inventory levels dipped slightly.

• New Listings increased four percent to 14,628
• Pending Sales decreased three percent to 8,913
• Closed Sales were down 11 percent to 9,316
• Days on Market increased nine percent to 36 days
• The Median Sales Price increased four percent to $350,000
• The Average Sales Price increased four percent to $419,287
• Inventory levels decreased three percent to 28,559 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 seven percent to $310,000. The data further revealed that properties within the price range of $125,000 to $199,999 sold the quickest, typically taking 35 days to sell. On the other hand, properties priced at $124,999 or less took the longest to sell, with an average of 43 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).