Valdosta, GA Market Update

[J. Mitchell Bernier]

Valdosta GA Market Update: FEB 2025

Love is in the air!!

Over the past two months, and really two years, I have been watching and waiting to see when rising inventory and higher rates will finally affect the Valdosta real estate market. Thankfully I have not held my breath, because it may not happen. Another month, another solid report on the housing data, provided by Altos Research.

If you are a current owner, you are going to love these statistics:

• Median List Price= UP month over month
• Median New Listing Price=UP month over month
• Price Per Sqft=UP month over month
• Avg days on Market=Down month over month
• Median days on Market=Down month over month
• Inventory=Down month over month

I don’t know if it could get much better for sellers! However, in every real estate transaction there is someone else on the other end of the table. Buyers are getting beat up right now… The question remains, will the buyers ever regain control, or will it always be an uphill climb to become a new homeowner???

The one negative from this month’s report is rent rates, surprisingly went down. It would seem logical to think that the above metrics would lead to higher rent prices, but that is not the case. Last month we saw median rent at $1,500 a month and it fell back to $1,350 a month this month. What could be a factor not showing up in the data is timing. With Valdosta being a town full of college kids and military families, the busiest time for U-Haul will be around December and May. So, with a flood of renter’s leases ending at year end this could of caused the demand to increase dramatically, driving up median asking rent. Now, that demand has cooled landlords are now offering lower rents to entice new renters.

This is a working theory that we will continue to monitor. None the less, the Valdosta housing market continues to move up and up.