I like to look at the above graphic. It looks like a race car dashboard to me. And what it says is interesting. Some metrics are racing ahead like median sales price, and others are lagging behind, like active listings.
A quick summary of the above shows us that in the Woodstock zip code area 30189, the number closed sales are running a bit behind the 5 year average. We are in a slower time of the year. New listings are up over their 5 year average. This is great for buyers who have been dealing with a severe shortage of inventory to look at.
Actual listings on the market are lower that the 5 year average, showing us this actual low inventory. So what happens when we have low inventory? Prices tend to creep up. The last gauge shows that our median sale price is up significantly over the 5 year average.
So, in summary, inventory is low, and prices are rising. I expect that the inventory crunch will ease somewhat in February and March as the Spring market starts up.