It was a record-shattering year for brokers and agents using the Georgia MLS, with sales volume jumping 18.5% from the previous year to $39.9 billion, according to the listing service.
That’s the biggest number Georgia MLS has experienced since its inception in 1962.
A total of 134,770 transactions closed in 2020, up 8.6% from 2019.
The median sales price also jumped a staggering 9.7% to $250,000 from the previous year, and the median number of days on the market was 16. Over a third (36%) of homes went under contract within a week.
“In a year of uncertainty, Georgia MLS brokers and agents pivoted to adopt new technologies and innovative service techniques to ensure home buyers and sellers had the confidence to carry out their real estate transactions,” Georgia MLS CEO Richard Boone said in the press release. “The extraordinary success of our members in 2020 confirms the partnership between our MLS and the brokerage community to work together, even more so during the most trying times, to make homeownership happen. This year we look forward to providing our members with additional technologies that will springboard them to an even greater 2021.”