What’s Happening in the North Alabama Real Estate Market?

     

    Today I’m here with your market overview, comparing last year’s statistics to this year’s market. Our market has seen a few variations over the last 12 months.

    For example, the total number of residential sales fell by 3.9% from last year, with only 582 home sales this year. On the other hand, the median sales price increased by 5%, and the average sales price increased just over 8%.

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    The number of days on market also increased by 3%, as it is now taking sellers about 90 days to sell their home. The average listing price went up to almost $222,000, and there are 6.75 months of inventory available on the market.

    You will see  a complete breakdown of local market statistics below.

    With higher inventory and more days on market, we are shifting slightly into a buyer’s market. There are a few more sellers than buyers out there right now.

    If you have any questions about navigating our current market, give me a call or send me an email. I would be happy to help you!

     

    Reid


     

    This Week’s Closings:

    collage-2016-08-15 (1)

    • Ms. Maleea Ikard
    • Mr. and Mrs. Jason Holly
    • Ms. Patricia Hoffman
    • Ms. Theresa Powell
    • Ms. Cynthia Peterson
    • Mr. and Mrs. James Dempsey
    • Rachel Brown Homes, LLC
    • Mr. Jason Caldwell
    • Ms. Christina D. Guthrie
    • Mr. Gene Bunce
    • Mr. and Mrs. William Dahlberg
    • Mr. and Mrs. William Jones III
    • Mr. and Mrs. Harley Frazier
    • Mr. Mark Mitcham
    • Mr. William Allen
    • Ms. Stacey A. Staley
    • Mr. and Mrs. Subodh Mathur
    • Mr. and Mrs. Jay Fults
    • Mr. and Mrs. Daniel Shwab
    • Mr. and Mrs. Kenneth Wadsworth III
    • Mr. Daniel Silvers
    • Mr. Leon Orcutt
    • Kidd Living Trust
    • Ms. Tamyra L. Sampson
    • Mr. and Mrs. Sean Kelly
    • Mr. Aaron Midgett
    • Ms. Lori Brown
    • Mr. and Mrs. Matthew Clemmons
    • Mr. Keith Ridge
    • Mr. and Mrs. Donnie Casebolt
    • Mr. and Mrs. Alvin Poen

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