Where Home Prices Are Dropping In Georgia For Summer 2023 The georgia mls has some interesting numbers between may 2022 and may 2023 that shed light on where the home buying activity is happening in the state. as a statewide baseline, the average home sale in may 2022 was $345,975 and may 2023 was $376,900, a sales price gain of $30,925. but the individual counties show stark differences. June 12, 2024 by marco santarelli. georgia's housing market has been heating up in recent years, outpacing the national average. this surge is fueled by a combination of factors, including a strong job market and limited housing inventory. as a result, home prices have been steadily climbing, making georgia an attractive market for investors.
Where Home Prices Are Dropping In Georgia For Summer 2023 The national association of realtors (nar) reports a year over year increase in atlanta’s home prices; however, price growth slowed significantly to just 1.1% from q1 2022 to q1 2023. on the other hand, redfin’s data for may 2023 indicates that average home prices in atlanta declined year over year by 3.2%, with homes selling for. By the summer of 2020, home prices in boise, idaho, had jumped more than 16% year over year, according to the federal housing finance agency. now, many areas that had seen wild price gains during. Georgia housing market home prices in georgia were up 0.6% year over year in august. at the same time, the number of homes sold fell 9.25% and the number of homes for sale rose 2.3%. The median sales price for an atlanta home in may 2023 was a whopping $420,000, according to the atlanta realtors association may 2023 market brief. while that represents a 2.3% price decrease.
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