Georgia's housing market showed modest but positive growth last month. Indicators for May are as follows:
* New Listings increased 8.8 percent to 20,660. * Pending Sales were up 6.9 percent to 14,617. * Inventory levels grew 2.6 percent to 44,318 units. * Median Sales Price increased 6.8 percent to $235,000. * Days on Market was down 7.3 percent to 51 days. * Months Supply was down 2.6 percent to 3.8 months.
Following April, inventory grew again in May. While modest, this trend is starting show a slow down in sales and absorption.
We are moving further towards a buyers market which means pricing, marketing and positioning are critical to selling.
Contact us at 770-765-6222 to get your home's value and custom marketing plan to sell for top dollar.
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