Home sales dropped by more than 30% on a year-over-year basis in December, while the median price of properties sold increased, Georgia MLS reported, citing its 12-county Housing Market Snapshot. 

By unit, home sales fell 36.5% year over year and 2.6% month over month to 4,197 properties. By dollar volume, sales came in at $1.88 billion, down 32.3% year over year but up 0.4% month over month. 

The median sales price of homes sold was $370,000, up 2.8% from $360,000 in December 2021 but down 1.1% from $374,000 in November. 

New listings fell 20.9% month over month and 16.4% year over year to 4,350, while active listings were down 11.2% on a monthly basis and up 78.3% on a yearly one, at 11,452. 

Georgia MLS’ 12-county report includes Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Henry, Paulding and Rockdale counties.