Housing Indicators for February show an increase in momentum for Georgia's housing market:
- Median Prices rose 31 percent
- Average Prices rose 21 percent
- New Listings decreased 6 percent
- Pending Sales were up 27 percent
- Inventory Levels shrank 30 percent
- Months Supply of Homes for Sale decreased 31 percent
- Days on Market decreased 17 percent to 80 days
- Percent of Original Price Received increased 4 percent to 95.2 percent
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We continue to see good news about the housing market in Georgia and here on Lake Lanier! This report is more evidence that normalcy is returning and markets are improving. This improvement is allowing more home buyers and sellers to become active in the real estate market. Are you considering what your Lake Lanier home value might be worth? Have you been waiting for better conditions to arrive in order to put your waterfront home on the market? Now just might be the time that you've been waiting for!
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 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 678-513-2014 or email us at APrescott@PrudentialGeorgia.com.
