Georgia Real Estate Summary

The Georgia real estate market is increasing, in both price and activity.  Georgia relocations are becoming more popular as job growth around Atlanta and other cities continues.  The economy remains strong and unemployment keeps decreasing.  The cost of living is affordable in most areas, including the city, making it popular for families, singles and older persons.

Atlanta real estate is increasing in value.  Homes are selling for an average price of $225,000, which is up 2 to 3% over a year ago.  The market is even with buyers and sellers, and houses are sitting on the market for 60 to 90 days before selling.  Sellers are getting 90 to 95% of their original asking price.

Augusta real estate is holding steady.  Prices have remained the same since last year, as the market is even with buyers and sellers.  The house supply for all price levels in good, and houses are on the market for 60 to 90 days before selling.  Houses have an average sale price of $225,000, which is 95% of the asking price.  The largest influx in population is families looking to build and transplants with new jobs.