Georgia housing indicators for July are in, and the market in Georgia mirrors the now two-year national trend of low inventory and higher sale prices:
 –   New Listings increased 3 percent to 14,873.
 –   Pending Sales increased 14.7 percent to 11,772.
 –   Closed Sales were stable, posting a 1 percent increase to 11,256.
 –   Days on Market decreased 9 percent to 50 days.
 –   Median Sales Price increased 4 percent to $208,500.
 –   Average Sales Price increased 4.5 percent to $256,125.
 –   Inventory levels decreased 13 percent to 38,169 units.
 –   Months Supply of Inventory was down 20 percent to 3.7 months.

Many people have been waiting for just the right moment to make a move; your time may be now.

  • Demand is high
  • The number of days a home is on the market is down
  • Multiple buyers are bidding on the same property
  • Mortgage rates are still low

Contact me to learn what is happening in your local market and how you can take advantage.

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