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2019 Georgia Housing Market Review

2019 Georgia Housing Market Review
Housing Indicators are in for 2019, and it was another great year for Georgia’s housing market! With a strong economy and low mortgage rates, buyer activity has been strong. However, inventory levels are still below historical norms, and prices continue to rise. A few quick facts are listed below – all indicators are year over year for existing single-family homes.
  • Median Sales Price: 6% increase to $228,000
  • Pending Sales: 6.7% increase to 145,087
  • Closed Sales: 4.9% increase to 142,915
  • New Listings: 6.4% increase to 201,215
  • Average Sales Price: 4% increase to $272,207
  • Days on Market: 5% decrease to 55 days
  • Months Supply of Inventory: 10.8% decrease to 3.3 months
NOTE: These Indicators are comprised of data from Georgia’s 13 largest MLSs, and represent more than 95% of Georgia’s housing market.

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