Existing Home Sales in Georgia, US, Reach HIghest Rate Since 2006

Annual existing home sales in Georgia and around the country rose throughout the summer, reaching an annual rate of six million in September, the strongest rate since late December 2006. Georgia real estate market experts say that sales would have been even higher if more homes were available for sale. Lack of available inventory of homes has led to more competition for homes as mortgage interest rates remain low, driving up prices and reducing affordability across the state of Georgia.

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