First Quarter Real Estate Recap
By Jess Barron
The first quarter (Q1) of 2026 was up and down for Coweta County real estate. The number of closings increased from Q1 2025 to Q1 2026. New listings were slightly up in January and March but significantly down, 17%, in February from the previous year.
The median sales price was $395,000 for Coweta County in the first quarter of 2026. The average sales price was $453,318. Those numbers were down from 2025. The median price was $409,999 and average price was $465,037 in Q1 last year. The average days on market, or the time it takes for a house listed for sale to go under contract, increased. For the first quarter of 2026 the average days on market for Coweta County was 65. The average days on market for the first quarter of 2025 was 59. There was a 4.1 months supply of listings available for the first quarter of 2026, which is considered healthy to slightly favoring the seller. In other words, it would take 4.1 months to sell all the existing listing inventory at the current sales pace. The months supply was down from 4.9 in first quarter of last year.
That’s the data. Working in this market every day, the market felt inconsistent. We would be very busy for a couple weeks then slow the next two weeks. Mortgage rates dipped into the high 5’s percent in January. This increased the buying power for prospective buyers and seemed to increase activity. The rates quickly rose back into the 6’s percent however. Along with mortgage rates, the war in Iran, rising fuel costs, and inflation all seem to be having negative effects on the housing market. Despite all of this, our office was part of some large land, multifamily and development real estate transactions in early 2026. So, larger deals are still being completed even if the residential single family home market is sluggish.
I would consider the real estate market to be in a relatively fair or even situation as it relates to sellers and buyers. It is not a bad time to purchase as sellers are coming off their list prices and conceding on the closing costs, repairs and credits. Builders, especially, are offering significant incentives for buyers including closing cost credits and allowances. If you are selling, the buyer demand is still strong. In the first quarter of this year, sellers were receiving 98.1% of their asking price.
