TUCKER, Ga.--(BUSINESS WIRE)--Despite unprecedented times and deflated housing inventories, Georgia MLS brokers and their respective agents set single-year records for sales volume and closed transactions. These numbers represent all-time highs since Georgia MLS's inception in 1962.

In 2020, members produced $39.9 billion in sales volume, for an increase of 18.5%, or $6.18 billion over 2019's previous record numbers.

Members also recorded 134,770 closed transactions, for an increase of 8.6% over the previous year's transactions of 124,104.

Other notable highlights:

• The median sales price for homes sold in 2020 was $250,000, for an increase of $22,100 or 9.7% from 2019's median price of $227,900.
• The median days on market for residential detached properties in 2020 was 16 days.
• 36% of all residential sold listings went Under Contract within one week.
• Rental listings produced $23.1 million in dollar volume, up 11.7% from 2019.

"In a year of uncertainty, Georgia MLS brokers and agents pivoted to adopt new technologies and innovative service techniques to ensure home buyers and sellers had the confidence to carry out their real estate transactions," said Georgia MLS CEO, Richard Boone. "The extraordinary success of our members in 2020 confirms the partnership between our MLS and the brokerage community to work together, even more so during the most trying times, to make homeownership happen. This year we look forward to providing our members with additional technologies that will springboard them to an even greater 2021."

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About Georgia MLS (GAMLS)

Georgia MLS, Georgia's largest real estate marketplace, has provided real estate tools, services and education to real estate professionals for 58 years. With member offices ranging from the North Georgia Mountains, Metropolitan Atlanta, through central Georgia, and along the Georgia coast, members have consistently sold more homes through Georgia MLS than any other multiple listing service in the state. Georgia MLS combines innovative technology solutions with unmatched value so that members have the resources to respond to the changing needs of the real estate consumer. Headquartered in Tucker, GA, GAMLS services 45,000+ agents in 3,979 offices across the Southeast and the nation.

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