3rd Quarter Alabama Real Estate On the Upswing
I think 2014 is going to be a fabulous year for Alabama real estate. As a matter of fact, I think we’re going to have a better year than some people are even projecting. Frank Nothaft, the chief economist at Freddie Mac put it this way: We expect single family home sales and housing starts to be at the highest level since 2007, the highest level in seven years. 2012 and 2013 were pretty good years, but 2014 will blow those numbers away.
Let's look at what the Alabama real estate did in the 3rd Quarter of 2013.
Pricing
The FHFA 3rd Quarter Report broke down the numbers by sections of the country with the East South Central region showing a 4.89% increase in prices.
The same 3rd Quarter Report shows Alabama home prices increased 5%.
Days On Market
The average days on the market for an Alabama home was 86 days.
Months Of Inventory
Nationwide, the housing inventory is coming back to normal.
Search all Montgomery AL Real Estate And Homes For Sale.
Sandra Nickel and the Hat Team have distinguished themselves as leaders in the Montgomery AL real estate market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com.
Interested in buying a bank-owned home? Get bank-owned listings alerts FREE!
You can reach Sandra by filling out the online contact form below or give her a call anytime.
