Georgia Housing Market Snapshot For February 2019

Georgia Housing Market Snapshot For February 2019. All information provided courtesy of the Georgia Association REALTORS®.

The housing market in Georgia remains healthy, with gains posted for Pending and Closed Sales, as well as Median and Average Prices. While Inventory is still low overall, we do see a gain in supply year over year. Indicators for February are as follows:

• New Listings decreased 0.9 percent to 15,012.
• Pending Sales were up 7.4 percent to 11,389. 
• Inventory levels grew 2.3 percent to 40,724 units.
• Median Sales Price increased 4.3 percent to $210,000.
• Days on Market was down 5.6 percent to 68 days.
• Months Supply of Inventory was down 7.9 percent to 3.5 months.

Please click below to view the full report for February 2019.

Georgia Housing Market Snapshot For February 2019 from Arthur Prescott

Lake Sidney Lanier Homes is the most comprehensive online source for information on Lake Lanier homes for sale and Lake Lanier area real estate. View the latest Lake Lanier home listings, foreclosures, lots, land, sales trends and real estate topics on Lake Lanier. Arthur Prescott is an Accredited Buyer's Representative and Certified Residential Specialist with Berkshire Hathaway HomeServices Georgia Properties. He has over seventeen years of Lake Lanier real estate experience. If you would like to schedule a free buyer or seller consultation, please feel free to contact us directly at www.LakeSidneyLanierHomes.com or 770-844-8484 or email us at Arthur.Prescott@BHHSGeorgia.com.