Mobile’s house price index is on the rise and if current price appreciation trends continue, the index will reach a new high of 192.33 by
For this month’s market spotlight we are heading to the only part of Alabama on Eastern Standard Time, the Phenix City area. Just across the
The Alabama Center for Real Estate created the following rankings based on average days on market (DOM) for closed transactions during June. 1. Birmingham –
The Alabama Center for Real Estate created the following rankings based on new construction as a percentage of total residential sales during June. 1. Athens:
Properties are selling fast in the Birmingham metro area as June’s days on market (DOM) average was an impressive 30 days, the fastest ever month for sales
The greater Montgomery area is a region of economic diversity. In addition to the state capital and regional governments, the area is also home to
Alabama’s residential market is substantially impacted by inventory, the amount of homes listed for sale at any given moment. Inventory* levels impact months of supply,
The Alabama Center for Real Estate created the following rankings based on average days on market (DOM) for closed transactions during May. 1. Birmingham –
One of the more important drivers of demand for residential real estate is population size. The Birmingham metro area*, for example, is home to roughly
There are many takeaways from the graph above. First, we can easily see the consistently seasonal nature of residential real estate sales. Second, the effects
