Rising Home Prices and Limited Inventory

Georgia’s housing market remains competitive, with home prices continuing their upward trajectory. While the pace of growth has slowed compared to previous years, strong demand and limited inventory have kept prices high. Suburban areas around Atlanta, Savannah, and other major cities have seen particularly strong demand, attracting both local and out-of-state buyers.

A few factors are driving this trend:

• Population Growth: Georgia’s cities continue to attract new residents due to job opportunities, affordability (relative to other states), and a favorable climate.

  
  

• Remote Work Influence: Many professionals are seeking larger homes in suburban and rural areas as remote work remains popular.

  
  

• Investor Activity: Institutional investors and real estate firms are purchasing single-family homes to convert them into rental properties, limiting the availability of homes for traditional buyers.

  
  

  As mortgage rates continue to play a crucial role in market activity, buyers and sellers must remain adaptable. While some potential buyers are delaying their purchases in hopes of future rate declines, others are finding ways to navigate the current financial landscape. The overall impact of high mortgage rates will depend on future economic conditions and Federal Reserve policies, making it essential for buyers to stay informed and explore all available options before making a decision.