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High-end homes make a bigger comeback in June

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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.

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