AREA 2 - MIDTOWN SOUTH
After a very slow start this year, sales are starting to pick up in Midtown South.
| Month | Year | Monthly Sales | Avg ListPrice | Avg Sale Price | % Diff Sell/list | Avg DOM | Curr Inventory | Months Inventory |
| January | 2008 | 1 | $119,900 | $117,500 | 98.00% | 16 | 41 | 41 |
| February | 2008 | 2 | $55,700 | $63,300 | 113.64% | 2 | 41 | 20.5 |
| March | 2008 | 4 | $146,320 | $145,975 | 99.76% | 106 | 48 | 12 |
| April | 2008 | 8 | $214,388 | $206,562 | 96.35% | 127 | 46 | 5.75 |
| May | 2008 | 9 | $149,067 | $143,078 | 95.98% | 66 | 53 | 5.89 |
| June | 2008 | 3 | $189,800 | $187,167 | 98.61% | 72 | 51 | 17 |
| July | 2008 | 3 | $215,300 | $205,000 | 95.22% | 63 | 49 | 16.33 |
| August | 2008 | 3 | $189,000 | $165,625 | 87.63% | 97 | 53 | 17.67 |
| September | 2008 | 5 | $154,480 | $158,640 | 102.69% | 24 | 53 | 10.6 |
| October | 2008 | 7 | $186,229 | $179,143 | 96.20% | 63 | 50 | 7.14 |
| November | 2008 | 3 | $264,300 | $261,334 | 98.88% | 32 | 45 | 15 |
| December | 2008 | 3 | $132,027 | $127,583 | 96.63% | 22 | 44 | 14.67 |
| January | 2009 | 1 | $124,900 | $124,900 | 100.00% | 8 | 47 | 47 |
| February | 2009 | N/A | $0 | $0 | 0% | 0 | 47 | 47 |
| March | 2009 | 1 | $52,500 | $48,000 | 91.43% | 55 | 52 | 52 |
| April | 2009 | N/A | $0 | $0 | 0% | 0 | 52 | 52 |
| May | 2009 | 5 | $213,168 | $206,060 | 96.67% | 76 | 52 | 10.4 |
| June | 2009 | 5 | $176,300 | $170,240 | 96.56% | 116 | 56 | 11.2 |
| Note: | The "Current Inventory" column(s) reflect the number of active and contingent (on market) listings on the 16th day of each month. |
| The "Months Inventory" column(s) value(s) equal "Current Inventory" divided by "Monthly Sales". | |
| This reflects how many months it would take to sell out of inventory at the current months rate of sale. |
--Information deemed reliable but not guaranteed--Copyright: 2009 by the Mobile Area Association of REALTORS
To search all the properties on the MLS go to www.PortCityRealty.com.
Prepared by JULIE MARTIN of PORT CITY REALTY on 7/8/2009 9:07:35 AM
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This Blog by: Julie Martin, CRB, e-PRO, Broker/Realtor, Port City Realty
Mobile, AL; 877-880-8110 toll free; 251-665-4665 my cell; julie@portcityrealty.com.
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