Are you wondering if it’s a good time to buy a house in Georgia right now? Or should you hold off and wait given the high mortgage interest rates, a potential recession, and housing market slowdown?
One way to tell if it’s a good time to buy a house in Georgia is to see if it is in a buyer’s market or a seller’s market right now.
Is Georgia in a Buyer’s Market or Seller’s Market right now?
According to Redfin’s December 2022 data, there is 2.7 months supply of homes in Georgia right now. This means Georgia is in a seller’s market right now.
Months of supply is a common metric used by real estate professionals to gauge whether a market is in a buyer’s market or seller’s market. It is calculated by taking the total number of homes for sale divided by the number of homes sold in one month.
A balanced market would be a 5 to 6 months supply of homes while a buyer’s market will be greater than 6 months supply of homes.
The best time to buy a house in Georgia is during a buyer’s market. A buyer’s market is when there is a lot of inventory of homes for sale but not enough buyers out there wanting to buy a home. As a buyer, you will have the upper hand when it comes to negotiating prices because there will be less competition.
Is the Entire State of Georgia in a Seller’s Market?
No, there are some counties in Georgia where it’s a buyer’s market right now. That means it’s a good time to buy a house in those markets.
Places in Georgia in a Buyer’s Market
Below is a list of counties in Georgia where it’s a good time to buy a house right now. These counties are either in a buyer’s market or a balanced market. Months of Supply Data Source: December 2022 real estate data from RedFin.
Hancock County, GA
Hancock County, GA is in a buyer’s market with 17 months supply of homes.
Burke County, GA
Burke County, GA is in a buyer’s market with 13.3 months supply of homes.
Dooly County, GA
Dooly County, GA is in a buyer’s market with 9.5 months supply of homes.
Dodge County, GA
Dodge County, GA is in a buyer’s market with 9 months supply of homes.
Jeff Davis County, GA
Jeff Davis County, GA is in a buyer’s market with 8 months supply of homes.
Macon County, GA
Macon County, GA is in a buyer’s market with 8 months supply of homes.
Pulaski County, GA
Pulaski County, GA is in a buyer’s market with 8 months supply of homes.
Thomas County, GA
Thomas County, GA is in a buyer’s market with 8 months supply of homes.
Toombs County, GA
Toombs County, GA is in a buyer’s market with 7.5 months supply of homes.
Lincoln County, GA
Lincoln County, GA is in a buyer’s market with 7.3 months supply of homes.
Tift County, GA
Tift County, GA is in a buyer’s market with 7 months supply of homes.
Wheeler County, GA
Wheeler County, GA is in a buyer’s market with 7 months supply of homes.
Wilkinson County, GA
Wilkinson County, GA is in a buyer’s market with 7 months supply of homes.
Fannin County, GA
Fannin County, GA is in a buyer’s market with 6.1 months supply of homes.
Washington County, GA
Washington County, GA is in a balanced market with 5.8 months supply of homes.
Sumter County, GA
Sumter County, GA is in a balanced market with 5.5 months supply of homes.
Butts County, GA
Butts County, GA is in a balanced market with 5.3 months supply of homes.
Morgan County, GA
Morgan County, GA is in a balanced market with 5.2 months supply of homes.
Hart County, GA
Hart County, GA is in a balanced market with 5.1 months supply of homes.
Rabun County, GA
Rabun County, GA is in a balanced market with 5.1 months supply of homes.
Crawford County, GA
Crawford County, GA is in a balanced market with 5 months supply of homes.
Jefferson County, GA
Jefferson County, GA is in a balanced market with 5 months supply of homes.
Pierce County, GA
Pierce County, GA is in a balanced market with 5 months supply of homes.
Telfair County, GA
Telfair County, GA is in a balanced market with 5 months supply of homes.
What about the Places in Georgia that are in a Seller’s Market? Should You Wait to Buy a House?
It’s a good idea to wait to buy a house in Georgia where it’s a seller’s market. In a seller’s market, the seller has the upper hand because there aren’t enough homes for sale but there are too many buyers trying to buy a home.
Bidding wars are common in a seller’s market. Homes typically sell for more than the asking price and many buyers forgo contingencies such as mortgage contingency and inspection contingency.
Also, the housing supply is seasonally low in the Winter. I recommend waiting until the Spring when there should be an increase in new listings because that is when sellers usually begin listing their homes for sale.
Places in Georgia in a Seller’s Market
Below are counties in Georgia where it’s a seller’s market. If you are thinking of buying a home in these Georgia counties, it makes sense to hold off on buying a home until the Spring when there are more homes for sale. There should be an uptick in new home listings in March when sellers begin putting their homes for sale.
McIntosh County, GA
McIntosh County, GA is in a seller’s market with 4.9 months supply of homes.
Emanuel County, GA
Emanuel County, GA is in a seller’s market with 4.8 months supply of homes.
Tattnall County, GA
Tattnall County, GA is in a seller’s market with 4.8 months supply of homes.
Charlton County, GA
Charlton County, GA is in a seller’s market with 4.7 months supply of homes.
Crisp County, GA
Crisp County, GA is in a seller’s market with 4.7 months supply of homes.
Murray County, GA
Murray County, GA is in a seller’s market with 4.7 months supply of homes.
Ware County, GA
Ware County, GA is in a seller’s market with 4.7 months supply of homes.
Greene County, GA
Greene County, GA is in a seller’s market with 4.6 months supply of homes.
Union County, GA
Union County, GA is in a seller’s market with 4.6 months supply of homes.
Bleckley County, GA
Bleckley County, GA is in a seller’s market with 4.5 months supply of homes.
Jasper County, GA
Jasper County, GA is in a seller’s market with 4.5 months supply of homes.
Upson County, GA
Upson County, GA is in a seller’s market with 4.5 months supply of homes.
Gilmer County, GA
Gilmer County, GA is in a seller’s market with 4.4 months supply of homes.
Walton County, GA
Walton County, GA is in a seller’s market with 4.4 months supply of homes.
Dougherty County, GA
Dougherty County, GA is in a seller’s market with 4.3 months supply of homes.
Bacon County, GA
Bacon County, GA is in a seller’s market with 4 months supply of homes.
Brooks County, GA
Brooks County, GA is in a seller’s market with 4 months supply of homes.
Habersham County, GA
Habersham County, GA is in a seller’s market with 4 months supply of homes.
Towns County, GA
Towns County, GA is in a seller’s market with 3.9 months supply of homes.
Monroe County, GA
Monroe County, GA is in a seller’s market with 3.8 months supply of homes.
Carroll County, GA
Carroll County, GA is in a seller’s market with 3.7 months supply of homes.
Jenkins County, GA
Jenkins County, GA is in a seller’s market with 3.7 months supply of homes.
Johnson County, GA
Johnson County, GA is in a seller’s market with 3.7 months supply of homes.
Lowndes County, GA
Lowndes County, GA is in a seller’s market with 3.7 months supply of homes.
Pickens County, GA
Pickens County, GA is in a seller’s market with 3.7 months supply of homes.
Chattooga County, GA
Chattooga County, GA is in a seller’s market with 3.6 months supply of homes.
Haralson County, GA
Haralson County, GA is in a seller’s market with 3.6 months supply of homes.
Long County, GA
Long County, GA is in a seller’s market with 3.6 months supply of homes.
Rockdale County, GA
Rockdale County, GA is in a seller’s market with 3.6 months supply of homes.
Ben Hill County, GA
Ben Hill County, GA is in a seller’s market with 3.5 months supply of homes.
Newton County, GA
Newton County, GA is in a seller’s market with 3.5 months supply of homes.
Pike County, GA
Pike County, GA is in a seller’s market with 3.5 months supply of homes.
Polk County, GA
Polk County, GA is in a seller’s market with 3.4 months supply of homes.
Glynn County, GA
Glynn County, GA is in a seller’s market with 3.3 months supply of homes.
Paulding County, GA
Paulding County, GA is in a seller’s market with 3.2 months supply of homes.
Putnam County, GA
Putnam County, GA is in a seller’s market with 3.2 months supply of homes.
Effingham County, GA
Effingham County, GA is in a seller’s market with 3 months supply of homes.
Jackson County, GA
Jackson County, GA is in a seller’s market with 3 months supply of homes.
Lumpkin County, GA
Lumpkin County, GA is in a seller’s market with 3 months supply of homes.
Montgomery County, GA
Montgomery County, GA is in a seller’s market with 3 months supply of homes.
Troup County, GA
Troup County, GA is in a seller’s market with 3 months supply of homes.
White County, GA
White County, GA is in a seller’s market with 3 months supply of homes.
Clayton County, GA
Clayton County, GA is in a seller’s market with 2.9 months supply of homes.
Elbert County, GA
Elbert County, GA is in a seller’s market with 2.9 months supply of homes.
Fulton County, GA
Fulton County, GA is in a seller’s market with 2.9 months supply of homes.
Laurens County, GA
Laurens County, GA is in a seller’s market with 2.9 months supply of homes.
Spalding County, GA
Spalding County, GA is in a seller’s market with 2.9 months supply of homes.
Appling County, GA
Appling County, GA is in a seller’s market with 2.8 months supply of homes.
Floyd County, GA
Floyd County, GA is in a seller’s market with 2.8 months supply of homes.
Henry County, GA
Henry County, GA is in a seller’s market with 2.8 months supply of homes.
Bibb County, GA
Bibb County, GA is in a seller’s market with 2.7 months supply of homes.
Douglas County, GA
Douglas County, GA is in a seller’s market with 2.7 months supply of homes.
Franklin County, GA
Franklin County, GA is in a seller’s market with 2.7 months supply of homes.
Hall County, GA
Hall County, GA is in a seller’s market with 2.7 months supply of homes.
Baldwin County, GA
Baldwin County, GA is in a seller’s market with 2.6 months supply of homes.
Bulloch County, GA
Bulloch County, GA is in a seller’s market with 2.6 months supply of homes.
Columbia County, GA
Columbia County, GA is in a seller’s market with 2.6 months supply of homes.
DeKalb County, GA
DeKalb County, GA is in a seller’s market with 2.6 months supply of homes.
Meriwether County, GA
Meriwether County, GA is in a seller’s market with 2.6 months supply of homes.
Coweta County, GA
Coweta County, GA is in a seller’s market with 2.5 months supply of homes.
Gwinnett County, GA
Gwinnett County, GA is in a seller’s market with 2.5 months supply of homes.
Cherokee County, GA
Cherokee County, GA is in a seller’s market with 2.4 months supply of homes.
Forsyth County, GA
Forsyth County, GA is in a seller’s market with 2.4 months supply of homes.
Jones County, GA
Jones County, GA is in a seller’s market with 2.4 months supply of homes.
Screven County, GA
Screven County, GA is in a seller’s market with 2.4 months supply of homes.
Barrow County, GA
Barrow County, GA is in a seller’s market with 2.3 months supply of homes.
Gordon County, GA
Gordon County, GA is in a seller’s market with 2.3 months supply of homes.
Banks County, GA
Banks County, GA is in a seller’s market with 2.2 months supply of homes.
Camden County, GA
Camden County, GA is in a seller’s market with 2.2 months supply of homes.
Cobb County, GA
Cobb County, GA is in a seller’s market with 2.2 months supply of homes.
McDuffie County, GA
McDuffie County, GA is in a seller’s market with 2.2 months supply of homes.
Bartow County, GA
Bartow County, GA is in a seller’s market with 2.1 months supply of homes.
Chatham County, GA
Chatham County, GA is in a seller’s market with 2.1 months supply of homes.
Dawson County, GA
Dawson County, GA is in a seller’s market with 2.1 months supply of homes.
Richmond County, GA
Richmond County, GA is in a seller’s market with 2.1 months supply of homes.
Wilkes County, GA
Wilkes County, GA is in a seller’s market with 2.1 months supply of homes.
Mitchell County, GA
Mitchell County, GA is in a seller’s market with 2 months supply of homes.
Quitman County, GA
Quitman County, GA is in a seller’s market with 2 months supply of homes.
Treutlen County, GA
Treutlen County, GA is in a seller’s market with 2 months supply of homes.
Twiggs County, GA
Twiggs County, GA is in a seller’s market with 2 months supply of homes.
Whitfield County, GA
Whitfield County, GA is in a seller’s market with 2 months supply of homes.
Peach County, GA
Peach County, GA is in a seller’s market with 1.9 months supply of homes.
Bryan County, GA
Bryan County, GA is in a seller’s market with 1.8 months supply of homes.
Stephens County, GA
Stephens County, GA is in a seller’s market with 1.8 months supply of homes.
Wayne County, GA
Wayne County, GA is in a seller’s market with 1.8 months supply of homes.
Fayette County, GA
Fayette County, GA is in a seller’s market with 1.7 months supply of homes.
Lamar County, GA
Lamar County, GA is in a seller’s market with 1.7 months supply of homes.
Brantley County, GA
Brantley County, GA is in a seller’s market with 1.6 months supply of homes.
Heard County, GA
Heard County, GA is in a seller’s market with 1.6 months supply of homes.
Houston County, GA
Houston County, GA is in a seller’s market with 1.6 months supply of homes.
Liberty County, GA
Liberty County, GA is in a seller’s market with 1.5 months supply of homes.
Evans County, GA
Evans County, GA is in a seller’s market with 1.3 months supply of homes.
Candler County, GA
Candler County, GA is in a seller’s market with 1.2 months supply of homes.
Irwin County, GA
Irwin County, GA is in a seller’s market with 1 months supply of homes.
Taliaferro County, GA
Taliaferro County, GA is in a seller’s market with 1 months supply of homes.
Taylor County, GA
Taylor County, GA is in a seller’s market with 1 months supply of homes.
Schley County, GA
Schley County, GA is in a seller’s market with 0.5 months supply of homes.
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