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
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 eighteen 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.
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