Georgia real estate prices soar as median home costs reach $370000

The Georgia government meeting on February 19, 2025, focused on critical issues surrounding small business development, particularly in the early childhood education and real estate sectors. Key discussions highlighted the low entry barriers for individuals entering the early childhood education profession and the ongoing challenges in the housing market.

During the meeting, participants noted that Georgia has minimal requirements for starting a career in early childhood education, which is essential for attracting new talent to the field. However, concerns were raised about the potential need for more stringent regulations to ensure quality supervision and training for educators. The Department of Early Care and Learning has been proactive in providing free training resources, particularly in health, safety, and business management, to support childcare providers.

In the real estate segment, Betsy Bradfield, the advocacy director for the Georgia Association of Realtors, presented an overview of the current housing market. She reported that the median sales price for homes in Georgia has surged, with single-family detached homes averaging $370,000 in 2024. The rising costs have made homeownership increasingly unattainable for many Georgians. The report indicated that the market remains competitive, with a current inventory of just 3.4 months for single-family homes, reinforcing the seller's market status.

Bradfield emphasized the importance of the association's role in advocating for private property rights and accessible housing, noting that their members adhere to a higher ethical standard than typical real estate agents. The meeting concluded with a call for continued support and collaboration to address the pressing issues facing small businesses and the housing market in Georgia.