It’s mostly good news for the real estate market in Georgia, according to the latest statistics out from the GA Association of REALTORS®.
April 2013 stats from GA Association of REALTORS
Although listing inventory is slightly down, there are still plenty of good deals to be had.
Under contract or “pending sales” are up 26.5%. That’s huge for sellers contemplating entering or re-entering the market! The average days on market until a sale are also down 16.7%.
The Median Sales Price has increased by 30.5% & the Average Sales Price has increased 21.1% over May 2012!
Right now there is a 4.9 months supply of inventory in the overall market. A stable market is typically considered to be a 6 months supply. These statistics favor a slight Seller’s Market at this time with more buyers competing for lower inventory.
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