With so much media coverage about "the state of the real estate market" being broadcast, I want to start doing a now and then segment to show how the market has changed from one year to the next. 

With this being the end of the year, I chose this month to do a Year in Review. 

2007
Listed Properties: 871
Average Price: $355,157
Median Range: $287,900 

2006
Listed Properties: 836
Average Price: $368,340
Median Price: $299,900 

2007
Sold Properties: 374
Average Price: $309,796
Median Price: $258,450
Average Days on Market: 99 

2006
Sold Properties: 367
Average Price: $322,824
Median Price: $263,100
Average Days on Market: 72 

If you would like to be contacted as soon as homes become available in the Homewood area just let me know, or if you would like to see statistics about other areas, don't hesitate to ask.

You can find all the Birmingham Alabama Real Estate stats on Your Guide To Living In Greater Birmingham, or on Birmingham Alabama Real Estate Blog.

 *Note these stats are accurate as of 1/11/08 according to the Birmingham MLS. They are subject to change as agents submit listed and sold properties into the MLS.

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Stephen Wolfe & Jason Secor

Living In Greater Birmingham

Your Guide To Living In Greater Birmingham