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.

    Looking to buy a home? Click here for a full home search. 
    Looking to sell your home? Click here to use our free home evaluation tool. 

    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:

        Huntsville

        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

        Marshall/Jackson/Grant/Blount/Dekalb

        5020 Neely Avenue $425,000

        3408 Colonial Drive $205,000

     

    Trackback from your site.

    Categories

    About our blog

    Follow our YouTube Channel and +1 us on Google Plus!


    Equal_Housing

    Archives

    Contact Us Now

    Any questions, comments, or feedback