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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