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Georgia Housing Market Snapshot - May 2019

Posted by Barry Wolfert on Thursday, June 20, 2019 at 2:46 PM By Barry Wolfert / June 20, 2019 Comment

Georgia Housing Market Snapshot: May

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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