January Market Indicators

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The Georgia Association of Realtors just issued January year-over-year indicators.  In general, higher demand and lower supply led to modest price increases as compared to January 2015.

  •  New Listings were down 6 percent to 11,871.
  •  Pending Sales were up 10 percent to 8,472.
  •  Closed Sales were up 9 percent to 6,094. 
  •  Days on Market decreased 6 percent to 80 days.
  •  Median Sales Price increased 7 percent to $167,000.
  •  Average Sales Price was up 5 percent to $210,600.
  •  Inventory levels shrank 11 percent to 37,885 units.
  •  Months Supply of Inventory was down 24 percent to 4.2 months.