High-end homes make a bigger comeback in June


Pending home sales made a big rebound across the state in June, jumping 21% to 16,131 from the previous month, according to the Georgia Association of Realtors.

But that number changes depending on the price of the home. Pending home sales were down 12% for homes priced at $124,999 or less, while those between $125,000 and $199,999 were down 6%, those between $200,000 and $299,999 were up 15% and those priced at $300,000 and above were up 13%.

Month-over-month new listings dropped 4% to 17,269. Inventory dropped 25% to 32,752 units.

Closed sales also saw a modest increase of 6% to 14,333, and the median sales price was up 4.6% to $250,000.

The median number of days on the market was up 8% to 53 days, and inventory dropped 29% to three months.

“Overall, these indicators show robust buyer demand, with sellers not being as eager to list their homes,” the report noted.

Read More Related to This Post

Join the conversation

New Subscribe