Georgia's Real Estate Market Remains Steady

The Atlanta and Georgia market held up a lot better than most of the country, based on reporting from First Multiple Listing Service. April saw the real estate market staying steady for the state of Georgia, even with little lower averages compared to 2019.

We had +12,000 new listings in April 2020. Although down 24% from the same month in 2019, the US average was down 44%. Georgia and Atlanta out performed.

We had 20,000 approximate number of listings that moved to closed, under contract or pending in April. In fact, closed listings were down just 3.8% in April compared to 2019, per FMLS.

With the shelter in place order being lifted in Georgia, agents like myself take extra precautions to make sure we protect ourselves and our clients when showing homes. Showings have re-bounded to its highest level in 6 weeks, increase of +12.2% since the first week of 2020.

Average sales price of residential listings increased by +4.3%, through the end of April compared to same period in April 2019. Average sales price in Georgia is now $317,824.

If your're looking to sell, this is still the time to make it happen. I offer virtual meetings, or in person with mask and social distancing guidelines. Call me to make your FREE Market Analysis appointment specific to your home and neighborhood. 678 684-8081.

Sources: FMLS and Showing Time

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