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.