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What Do the Latest Market Statistics Mean for You?

The latest market numbers are in. Let’s take a look at what they mean for your 2018 real estate plans.

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Our market numbers for February 2018 are in, and I wanted you to be the first to see them. As was the case last year, we are still seeing an increase in sales and home values, as well as a decrease in the number of homes for sale.

Our North Alabama residential sales saw a year-over-year increase of just over 1%. This amounted to a total of 430 residential home sales for February of 2018.

The average sales price also increased, going up 7% year over year to $219,000. Additionally, the average list price of local homes also increased by 7%, coming out at $223,000.

Now, let’s move onto the thing that everyone’s probably wondering: How long does it take these sales to happen? Well, since last year, the average days on market has decreased by almost 20%, taking us to an average of 72 days on market.



For a detailed list of today’s market statistics, refer to the chart below:

With less than three months of available inventory, we are still in a strong seller’s market. Therefore, right now is a great time to get your home sold.

Buyers can still succeed in the market, though. If you’re looking to purchase a home, make sure you’re working with a specialist who can help you put forward a strong offer.

If you have any other questions, would like more information, or want to talk about your real estate plans for 2018, feel free to give us a call or send us an email. We look forward to hearing from you soon.

This Week’s Closings, Congratulations!

Mr. and Mrs. Nathaniel and Teresa Ledbetter

Mr. and Mrs. Tim and Emily Merritt

Ms. Karen Wu

Mr. and Mrs. Daniel and Robbie Bradshaw

Mr. and Mrs. Charles and Alicia Conner

Mr. and Mrs. Doremus and Christina Montgomery

Mr. and Mrs. Jared and Catherine Strain

Ms. Britney Cook

Mr. and Mrs. Michael and Julie Mitchell

Mr. and Mrs. Daniel and Sonya Amthor

Mr. Lester Smith and Ms. Rochelle Littleton

Mr. Braden Bassham

Mr. and Mrs. Randal and Amaryliss Bivins

Mr. Shane Stephenson and Ms. Jennifer Stephenson

Mr. and Mrs. Jeffrey and Natasha McDonald

Mr. and Mrs. Jon and Dawn Whitten

Mr. and Mrs. Chris and Amy Gilliand

Mr. Thomas Snow

Mr. and Mrs. Matthew and Jessica Baker

Mr. and Mrs. Michael and Linda Lawless

Ms. Marcia Silva

Mr. and Mrs. Roman and Shirley Canava Jr.

Ms. Yolanda Kurtz

Mr. and Mrs. John and Summer McDermott

Mr. Joseph Pennington

Mr. and Mrs. Donald and Barri Garrison

Mr. Elliott Reynolds

Mr. and Mrs. John and Delilah Steen

Mr. and Mrs. Steven and Haley McCraw

Mr. and Mrs. Douglas and Katherine Thompson

Mr. and Mrs. Shane and Devera Hester

Ms. Thelma Humston

Mr. and Mrs. Arthur and Gayle Idsall

Mr. and Mrs. Cory and Jody Bynum

Ms. Andrea Laurence

Mr. and Mrs. Clifford and Carol Jones

Hot New Listings For Sale:


    0 Springhouse Road $110,000

    7803 SE Bridgewell Run $270,000

    2616 Slate Drive $188,000

    Limestone/Morgan County

    24788 Beacon Circle $425,000

    15970 Landview Lane $161,000

    Madison County

    2223 Evans Avenue $38,000

    228 Murphy Road $698,000

    108 Ferstwood Drive $175,000

    209 Hunters Cove Road $329,900

    140 Forestbrook Drive $137,500

    3103 Connomara Court $254,800

    7403 Cobblefield Drive $ 325,000

    414 Maysville Road $129,900

    176 Sarah Jane Drive $275,000

    123 Pine Landing Drive $168,500


    5020 Neely Avenue $425,000

    3408 Colonial Drive $205,000


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