Georgia housing indicators for August are in, and the long-term pattern of low inventory and increasing prices continues:

 -   New Listings increased 3.6 percent to 15,033.  

 -   Pending Sales increased 14 percent to 11,702. 

 -   Closed Sales increased 3.6 percent to 11,698.  

 -   Days on Market decreased 9 percent to 50 days.

 -   Median Sales Price increased 7 percent to $204,000. 

 -   Average Sales Price increased 4.5 percent to $246,999.  

 -   Inventory levels decreased 13 percent to 37,725 units. 

 -   Months Supply of Inventory was down 18 percent to 3.7 months.