July Housing Indicators For Georgia - Courtesy Of Georgia Association of REALTORS®
New Listings and Closed Sales showed a moderate increase year-over-year, while Pending Sales showed a decrease. Median and Average Sales Prices saw modest growth and YoY inventory levels saw significant gains in July with around 12,000 more in 2024 than in 2023.
- New Listings increased 15 percent to 17,253
- Pending Sales decreased six percent to 10,145
- Closed Sales increased seven percent to 11,398
- Days on Market increased 18 percent to 39 days
- The Median Sales Price increased one percent to $365,000
- The Average Sales Price increased four percent to $446,629
- Inventory levels increased 49 percent to 36,882 units
- Months Supply of Inventory was up to 3.7 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 twenty years of Lake Lanier real estate experience. If you would like to schedule a free buyer or seller consultation, please contact us directly at www.LakeSidneyLanierHomes.com or 770-844-8484 or email us at Arthur.Prescott@BHHSGeorgia.com.
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