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The Latest Numbers From Our North Alabama Market Are In

Our June market has seen some growth from where we were at this time last year. Today, let’s take a look at the specific numbers in our latest market update.

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It’s time for us to take another look at what’s been going on in our market.

With our current five months things have definitely shifted since 2016. Between now and then, we’ve seen a rise in sales and home value both. Inventory, though, is remaining steady.

Our North Alabama residential sales this year total at 619 homes. This number shows a growth of approximately 5% compared to the same period last year.

Final sale prices, too, have gone up. With the average sales price in 2017 at just over $231,000, we have seen a 7% increase since June of 2016.

In turn, the average list price has gone up by 6% at $231,000—the same number as the average sales price.

Finally, how long does it take for these sales to happen? This is the question that is on many people’s minds, and there is definitely some good news in this area. This year, the average days on market has decreased by 30%—down to 64 days.

With five months of available inventory, we are still in a seller’s market. Buyer demand is outpacing supply, and it is ultimately a great time to get your home sold.

You can find a detailed breakdown of this market update here with this chart.

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.



This Week’s Closings:

  • Mr. and Mrs. Greg Hawkins
    Ms. Dana Cave
    Mr. John M. Ennis
    Mr. and Mrs. James and Bonnie Presley
    Ms. Nancy Spanfelner
    Mr. Andrew Maise
    Mr. and Mrs. Charles Cappelletti
    Mr. and Mrs. Rene Riviere
    Ms. Rebecca Watts
    Mr. and Mrs. Derick Hearn
    Mr. and Mrs. David Patterson
    Mr. and Mrs. Joshua Ryan
    Mr. Hwasun Lee
    Ms. Shirhak Kim
    Ms. Carol A. Luciano
    Mr. Clark Conlee
    Mr. Joseph L. Taylor
    Mr. and Mrs. Lee Berry III
    Mr. Martin Goldberg
    Mr. and Mrs. Jared Connor
    Mr. Benjamin England
    Mr. and Mrs. Chase Marona
    Ms. Jennifer Parton
    Mr. and Mrs. Robert Abraham
    Mr. Gary White

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