MARCH HOUSING INDICATORS

The Monthly Housing Indicators for Georgia are in for March. Average Sales Prices were up 18 percent year-over-year, Days on the Market decreased 24 percent, and Months Supply of Inventory shrank to 1.1 months.




New Listings decreased one percent to 17,397



Pending Sales decreased eight percent to 14,699



Closed Sales were down six percent to 14,042



Inventory levels shrank 13 percent to 15,284 units



The Median Sales Price increased 22 percent to $334,000



The Average Sales Price increased 18 percent to $394,685



Days on Market decreased 24 percent to 29 days



Months Supply of Inventory was down 9 percent to one month ...

This is a national forecast.  Local markets will vary.
Fannie Mae Predicts 'Moderate Recession'

Georgia Housing Market Snapshot: March










The Georgia housing market posted steady numbers for March with slight increases and decreases across the board. Indicators for March are as follows:




New Listings decreased 1.1 percent to 18,483. 



Pending Sales were up 0.5 percent to 13,911. 



Inventory levels grew 1.5 percent to 41,463 units. 



Median Sales Price increased 4.4 percent to $222,000. 



Days on Market was down 9.1 percent to 60 days. 



Months Supply of Inventory was down 5.3 percent to 3.6 months.  ...

Jennifer Reid Receives 2018 Pinnacle Award
Jennifer Reid, a real estate licensee with Direct Link Realty, has been awarded membership in the DeKalb REALTORS® 2018 Pinnacle Awards Celebration. The purpose of this award is to recognize REALTORS® who have achieved outstanding sales performance and commitment to their industry.
To qualify, applicants must have met exceptional levels in various categories.
DeKalb REALTORS® represents nearly 1,600 real estate agents and brokers in the Metro Atlanta area and is the Voice of Real Estate in DeKalb County.

Richard Reid Receives 2018 Pinnacle Award and is named a TOP PRODUCER for the Dekalb Board of Realtors
Richard Reid, a real estate licensee with Direct Link Realty, has been awarded membership in the DeKalb REALTORS® 2018 Pinnacle Awards Celebration. The purpose of this award is to recognize REALTORS® who have achieved outstanding sales performance and commitment to their . ...