Thursday, April 21, 2022 / by Richard Reid
Georgia Assocation of Realtors Statistics update for March 2022
MARCH HOUSING INDICATORS
The Monthly Housing Indicators for Georgia are in for March. Average Sales Prices were up 18 percent year-over-year, Days on the Market decreased 24 percent, and Months Supply of Inventory shrank to 1.1 months.
- New Listings decreased one percent to 17,397
- Pending Sales decreased eight percent to 14,699
- Closed Sales were down six percent to 14,042
- Inventory levels shrank 13 percent to 15,284 units
- The Median Sales Price increased 22 percent to $334,000
- The Average Sales Price increased 18 percent to $394,685
- Days on Market decreased 24 percent to 29 days
- Months Supply of Inventory was down 9 percent to one month
