Georgia Home Sales in June 2021
- New Listings increased 9 percent to 18,821
- Pending Sales were down 4 percent to 15,367
- Closed Sales were up 10 percent to 15,973
- Inventory levels shrank 43 percent to 18,588 units
- The Median Sales Price increased 22 percent to $304,000
- The Average Sales Price increased 24 percent to $363,502
- Days on Market decreased 55 percent to 24 days
- Months Supply of Inventory was down 54 percent to 1.3 months
Looking at the Housing Supply Overview – which takes a closer look at key metrics in relation to price range, property type and bedroom count – stark contrasts exist between single-family homes and townhomes/condos, and as well and lower-priced (199K or less) properties.
Pending Sales were up for all properties with the exception of homes priced between $125,000 to $199,000:
- $124,999 or less – 3 percent increase
- $125,000 – $199,999 – 16 percent decrease
- $200,000 – $299,999 – 18 percent increase
- $300,000 and above – 52 percent increase
Additionally, Pending Sales for residences with one bedroom or fewer posted the largest gain at 41 percent.
Other Housing Supply Overview Indicators include:
- Days on Market decreased for all price ranges.
- Median Sales Price increased for all property types regardless of bedroom count.
- Inventory was down across all housing types, regardless of price. Four-bedroom single-family homes saw the largest decrease at 52 percent.