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.
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
Hot New Listings For Sale:
211 Danville Court $179,900
111 Teakwood Drive $329,000
- Limestone/Morgan County
- 19235 Alexa Lane $154,900
3207 Avalon Lake Drive $125,000
24836 Rolling Vista Drive $199,000
2009 Breeding Drive $750,000
1501 Southampton Court $249,900
- Madison County
- 233 Riverwalk Trail $489,900
122 Mystic Arbor Drive $406,900
5904 Columbian Lane $169,000
104 Kinsman Circle $268,00
103 Indian Crest Drive $899,000
200 Brook Wind Drive $139,000
437 Shady Lane $118,900
221 Cathy Drive $299,900
114 Kings Cross Drive $240,000
- 91 Chimney Rock Road $150,000
7 Brookwood Circle $120,000
1932 Hickory Trail $259,900
4975 Wyeth Mountain Road $339,900
7322 Alabama Highway 79 S $500,000