Housing Indicators - Jan 2020
Posted by Barry Wolfert on Thursday, February 20, 2020 at 1:35 PM
By Barry Wolfert / February 20, 2020
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HOUSING INDICATORS
Key indicators for the Georgia housing market are in for January! New listings, pending sales, and prices are up as inventory levels continue to shrink:
- New Listings increased 2.5 percent to 15,928.
- Pending Sales were up 12.1 percent to 11,332.
- Inventory levels shrank 7.2 percent to 38,023 units.
- The Median Sales Price increased 7.1 percent to $225,000.
- Days on Market was down 7.5 percent to 62 days.
- Months Supply of Inventory was down 11.1 percent to 3 months.
Contact us to find out how this information affects you as a home owner or home buyer.
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