Georgia Real Estate Market in June 2023

The Georgia real estate market is hot in June 2023. Home prices are rising, inventory is low, and competition is fierce. If you’re thinking of buying a home in Georgia, it’s important to be prepared.

Here are some things to keep in mind:

• Home prices are rising. The median home price in Georgia increased by 20% in June 2023 compared to the same month last year. This means that homes are more expensive than ever before.
• Inventory is low. There are fewer homes for sale in Georgia than there are buyers. This means that homes are selling quickly and for more than the asking price.
• Competition is fierce. With so many buyers competing for a limited number of homes, it’s important to have a strong offer. This means being prepared to waive contingencies, such as an appraisal or home inspection.

If you’re still determined to buy a home in Georgia, here are some tips to help you succeed:

• Get pre-approved for a mortgage. This will show sellers that you’re a serious buyer and that you’re financially qualified to purchase a home.
• Work with a real estate agent who knows the market. A good agent can help you find homes that meet your needs and budget, and they can negotiate on your behalf.
• Be prepared to act quickly. When you find a home that you love, be prepared to make an offer right away. Homes in Georgia are selling quickly, so you don’t want to miss out on your dream home.

The Georgia real estate market is a seller’s market, but it’s not impossible to buy a home. With careful planning and the right help, you can find the perfect home for you.