ATTOM’s Real Estate Sales Trends for Georgia
Real Estate Trends Continue to Show Georgia’s Booming Market
Georgia’s housing market is booming. Even small, rural areas are attracting out-of-state buyers and investors. ATTOM’s real estate sales trends data are one way to identify the hot spots and changing dynamics for the future.
Georgia has low taxes and housing costs are below the national average. The relatively low cost of living in this state makes it a desirable place to buy property. As with most of the nation, home prices are rising steadily and inventory is dropping.
Georgia has three large cities with vibrant culture—Atlanta with a population of 6.6 million people, Savannah with 550,000 residents, and Columbus with over 500,000. Georgia’s economy suffered a little less during the COVID-19 pandemic than other states, and there is expected to be recovery in the state’s typically robust construction and auto industries. The labor market in Georgia is buoyed by big names like Aflac, Home Depot, UPS, Coca-Cola, Delta Air Lines, Honeywell, and SunTrust Bank. Strong sectors in the state include finance and insurance, manufacturing and transportation, technology, logistics, and real estate.
Small and rural real estate markets like Augusta are attracting out-of-state investors in what is now considered the post-pandemic boom as median house prices statewide continue to rise and inventory levels plummet.
The rental market is strong in Georgia, and investors are stepping in to take advantage in cities like Johns Creek, Suwanee, Braselton, and Dunwoody.
Georgia’s Real Estate Is Trending Up, For Now
Find out if there are changing trends in the cards for the real estate market in Georgia with ATTOM’s resources.
Recognize annual home price appreciation trends.
Identify areas that are surging past pre-recession peaks.
Determine areas with significant home seller gains.
Uncover hot spots for institutional investor activity.
Find spots for first-time homebuyers.
Georgia’s housing market data reveals:
- Home seller price gains
- All-cash purchases
- Median home sales prices
- Institutional investor purchases
Various industries need Georgia’s real estate data. Real estate agents, real estate investors and marketers all need to know the markets that are exploding past pre-recession levels and markets that are hot for investors.