Atlanta Property Management: Housing Indicators Point to Continued Recovery in September

Mike Nelson
Mike Nelson

HOUSING INDICATORS POINT TO CONTINUED
RECOVERY  IN SEPTEMBER

According to the Georgia Association of Realtors®, inventory is on the rise, with a six-year high for new construction, according to the U.S. Commerce Department. Housing indicators for Georgia for the month of September are as follows:

  • Median Prices rose 14% to $165,000
  • Average Prices rose 12% to $204,314
  • New Listings increased 10%
  • Pending Sales increased 25%
  • Closed Sales increased 12%
  • Inventory Levels increased 3.2% to 45,112
  • Months Supply of Homes for Sale decreased 3.3%
  • Days on Market increased 2.8% to 74 days
  • Percent of Original Price Received decreased .07% to 94.2%

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