WHAT TO KNOW ABOUT THE MARKET

The Georgia housing market continues to be robust in 2023 by a combination of high demand, limited supply, and steadily increasing house selling prices. As of July 31, 2023, the average home value in Georgia stands at $319,330. Over the past year, the state has seen a modest increase of 1.0% in home values. Homes in Georgia typically go pending in a short span of around 13 days, reflecting a competitive and active real estate market.

Bankrate’s recent research shows that Georgia is making waves in the U.S. housing market. Recent research conducted by Bankrate revealed that metro areas in Georgia, along with Tennessee, Florida, and North Carolina, top the charts as the country’s strongest seller markets. Major employers, including Emory Healthcare, Cox Communications, Walmart, Piedmont Healthcare, and Home Depot, across sectors like healthcare, retail trade, accommodation and food services, manufacturing, and finance, ensure steady employment levels and income streams, thereby maintaining housing demand.