home sale statistics for daphne: Sales, pendings up in March in Spanish Fort, Daphne & Fairhope
- 04/04/12 05:53 AM
It’s the beginning of the high home-buying season on the Eastern Shore of the Mobile, Alabama, metro area. Sales are up and pending sales are up. But a curious thing is happening: Inventory is falling. Does it signal a change in the housing market in Spanish Fort, Daphne and Fairhope? Are sellers so leery of the market that they’re staying put? Are they too upside down on their mortgages to sell? Will the foreclosure shadow inventory start to trickle back into the market? All things to watch, but only time will tell. Here’s what’s going on. Total houses for sale: … (0 comments)
Homes going under contract in Spanish Fort, Daphne and Fairhope stood at 170, while only 140 were under contract after the first week in December and only 146 this time last year.
Who are these buyers? My experience is that it’s a good mix of tranferees and renters who have been sitting on the fence for quite some time.
The average sales price remained largely unchanged. All good news for the real estate … (1 comments)
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