Southwest Georgia (01/14/2019) – The Southwest Georgia Board of REALTORS® has released its fourth quarter housing indicators report, which includes statistics for the 12 months ended 12/31/2018.  Compared to 2017, the following numbers show an increase of both the Median Sales Price and the Average Sales price while the number of active listings fell 19%:

Median Sales Price is up 2% to $108,860

Average Sales Price is up 5% to $123,396

Pending Sales are down from 72 to 65

Days on Market Until Sold are up 4% percent to 242 days on average

New Listings are down 12% to 904

Active listings are down from 325 to 264

The Southwest Georgia housing indicators report is derived from data from Multiple Listing Services from the Southwest Georgia Board of REALTORS® (SW Georgia MLS). While 100 percent of all activity in  Southwest Georgia is not accounted for, the indicators do give a sample of the housing market activity and trends for Southwest Georgia.  However, activity does vary across the state. 

  The Southwest Georgia Board of REALTORS® is a voluntary professional association of approximately 100 licensed real estate brokers and salespersons engaged in all aspects of the real estate business in Southwest Georgia.