March Home Sale Prices Rise

Housing indicators for March show an increase in momentum for Georgia’s housing market:

• Median Prices rose 31 percent
• Average Prices rose 22 percent
• New Listings decreased 8 percent
• Pending Sales were up 15 percent
• Inventory Levels shrank 29 percent
• Months Supply of Homes for Sale decreased 32 percent
• Days on Market decreased 15 percent to 86 days
• Percent of Original Price Received increased 5 percent to 94.6 percent

– From the Georgia Association of REALTORS