Georgia Housing Market Ends 2019 On A Strong Note!

2019 Georgia Housing Market Review.  All information provided courtesy of the Georgia Association REALTORS®.

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

Click here to view the full report

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.

Georgia Housing Market Snapshot For March 2019

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


The Georgia housing market posted steady numbers for March with slight increases and decreases across the board. Indicators for March are as follows:

• New Listings decreased 1.1 percent to 18,483.
• Pending Sales were up 0.5 percent to 13,911.
• Inventory levels grew 1.5 percent to 41,463 units.
• Median Sales Price increased 4.4 percent to $222,000.
• Days on Market was down 9.1 percent to 60 days.
• Months Supply of Inventory was down 5.3 percent to 3.6 months.

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

Georgia Housing Market Snapshot For March 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.

Georgia Housing Market Snapshot For November 2018

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

Key indicators for the Georgia housing market for November are in. New listings have increased, pending sales dipped and inventory levels rose slightly.

• New Listings increased 2.9 percent to 11,438.
• Pending Sales were down 2.3 percent to 8,630. 
• Inventory levels grew 1.4 percent to 36,362 units.
• The Median Sales Price increased 8 percent to $215,000. 
• Days on Market was down 7 percent to 53 days. 
• Months Supply of Inventory was down 2.9 percent to 3 months. 

Georgia's housing market remains relatively affordable compared to other markets across the U.S. Please click below to view the full report for November.

Georgia Housing Market Snapshot For November 2018 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 a decade 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.

Georgia Housing Market Snapshot For October 2018

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

Key indicators for the Georgia housing market for October are here. Prices are rising, sales have slowed and inventory continues to shrink.

• New Listings increased 11.5 percent to 14,643.
• Pending Sales were up 2.9 percent to 10,384. 
• Inventory levels shrank 0.9 percent to 37,196 units.
• The Median Sales Price increased 7.9 percent to $215,850. 
• Days on Market was down 10.9 percent to 49 days. 
• Months Supply of Inventory was down 5.4 percent to 4 months. 

Overall, Georgia's housing market remains on the incline, though not as significant as in previous years. Please click below to view the full report for October.

Georgia Housing Market Snapshot For October 2018 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 a decade 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.

Georgia Housing Market Snapshot For September 2018

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

Key indicators for the Georgia housing market for September are in. New listings, prices, and sales are up, while inventory remains low.

• New Listings increased 11.8 percent to 13,562. 
• Pending Sales were up 11.8 percent to 9,965. 
• Inventory levels shrank 5 percent to 36,875 units. 
• The Median Sales Price increased 10.6 percent to $220,000. 
• Days on Market was down 9.4 percent to 48 days. 
• Months Supply of Inventory was down 10.5 percent to 3 months. 

Indicators are pointing toward a cooling market. Please click below to view the full report for September.

Georgia Housing Market Snapshot For September 2018 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 a decade 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.

Georgia Housing Market Snapshot For July

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

Key indicators for the Georgia housing market for July are in! The market has been hot this summer, with prices continuing to rise and a slight uptick in new listings.

• New Listings increased 4.4 percent to 15,708. 
• Pending Sales were up 6.8 percent to 11,949. 
• Inventory levels shrank 10 percent to 36,312 units. 
• The Median Sales Price increased 8.3 percent to $225,900. 
• Days on Market was down 8 percent to 46 days. 
• Months Supply of Inventory was down 15 percent to 3 months. 

Please click SlideShare below to view the full report for July.

Georgia Housing Market Snapshot For July. Gar mmi 2018-07 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 a decade 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.

Georgia Housing Market Snapshot: June 2018

Georgia Housing Market Snapshot: June 2018.  Courtesy of the Georgia Association Of Realtors.

Key indicators for the Georgia housing market for June are in! The market has been hot this summer, with prices continuing to rise and a slight uptick in new listings.

• New Listings increased 2 percent to 17,182.
• Pending Sales were up 8 percent to 12,646. 
• Inventory levels shrank 12 percent to 35,485 units.
• The Median Sales Price increased 10 percent to $229,900. 
• Days on Market was down 13 percent to 46 days. 
• Months Supply of Inventory was down 18 percent to 3 months. 

Please click below to view the full report for June.

Georgia Housing Market Snapshot: June 2018. Courtesy of the Georgia Association Of Realtors 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 a decade 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.

Georgia Real Estate Market Trends Report Courtesy Of The Georgia Association Of Realtors!

Georgia Real Estate Market Trends Report Courtesy Of The Georgia Association Of Realtors!

Georgia Real Estate Market Trends 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 a decade 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.

Related articles

• Berkshire Hathaway HomeServices Georgia Properties Introduces The Industry's Most Extensive Global Exposure For Your Lake Lanier Real Estate Listings!
• Three Lake Lanier Lots For Sale At Bargain Prices Under $35,000! Located Near Don Carter Sate Park!

Georgia Association of REALTORS® Monthly Indicators For April 2014 Show Georgia Home Prices, Pending Sales Continue To Rise In April!

The Georgia Association of REALTORS® has released its monthly housing indicators for April, and they show Georgia home prices and pending sales are continuing to rise in April!  For a review of all of the latest details, checkout the following slide presentation.


 

The Georgia Association Of Realtors Monthly Indicators For April 2014 from Arthur Prescott

Related articles

• Atlanta Case-Shiller Index Reported February 2014! We Check The Atlanta Real Estate Market Trends!

GAR Reports Home Prices In Georgia Edge Higher For The Third Month In A Row!

Yesterday, I received this letter from the Georgia Association Of REALTORS regarding the current state of the real estate market in Georgia.  This report is extensive and outlines many factors associated with our state's real estate market.  The data provided is very impressive and informative.  Please read the following opening and follow the link to the full report.

Home Prices in Georgia Edge Higher for the Third Month in a Row
16 Jul 2012 - 
We’re halfway through 2012, and what a year it’s been. Residential real estate has finally taken some meaningful strides toward recovery, and they’ve all been self-powered without divine (or governmental) intervention. Yes, there have been some head fakes in the past, but there's real reason to believe that market turnaround awaits us. Beyond home prices, key metrics to watch include Days on Market, Percent of List Price Received and Months Supply of Inventory. Locally, several indicators showed improvement. Let's see what the rest of our local data has to say.

New Listings in the state of Georgia decreased 16.4 percent to 11,623. Pending Sales were up 21.8 percent to 9,730. Inventory levels shrank 31.5 percent to 48,344 units. Prices moved higher. The Median Sales Price increased 4.5 percent to $114,900. Days on Market was down 15.3 percent to 81 days. The supply-demand balance stabilized as Months Supply of Inventory was down 42.8
percent to 6.6 months.

We seem to be at a critical inflection point in our attempts to spur more hiring. Job growth provides the dual benefit of stimulating new household growth as well as relieving distressed homeowners. There's also the positive feedback loop of housing creating jobs and jobs creating housing. Keeping the affordability picture afloat, the Fed has vowed to keep interest rates around 4.0 percent through mid-2013.

Click here to see the full report for June