There were 38 home sales in Pelham Alabama in June 2008. This was down from a high of 47 in May but higher than the low of 23 in January The average salesprice was $206,523 - up from 194,523 in May with sales ranging from $86,000 for a home in Deer Springs $416,350 for a 4 bedroom, 3.5 bath in Emerald Lake. The median price was $168,900. Twelve of the 38 homes were new construction, many from the Ballantrae neighborhood. 
The average days on the market for sold properties was 75.74. Currently there are 348 properties on the market in Pelham which represents a 9.15 month supply.
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