Provided by Georgia REALTORS
The Monthly Housing Indicators for Georgia are in for the month of May. The Shelter in Place directive expired at the beginning of the month and both buyers and sellers began to test the waters in the housing market.
-New Listings decreased 20.5 percent to 16,106.
-Pending Sales were up 5.7 percent to 14,918.
-Closed Sales were down 28 percent to 10,381.
-Inventory levels shrank 17.7 percent to 35,582 units.
-The Median Sales Price increased 2 percent to $240,320.
-Days on Market was up 1.9 percent to 53 days.
-Months Supply of Inventory was down 21.1 percent to 3 months.
While the statistics above reflect year over year, when looking at the indicators from April, Pending Sales went from a 24 percent decrease in April to a six percent increase in May. Most other indicators were comparable month over month.