June 2012: Market shows signs of resiliency

By
Real Estate Agent with RE/MAX By The Bay, Daphne Alabama

 

June is typically the mop-up month for our spring home sale season on the Eastern Shore of Mobile, Ala., metro area. And there’s usually a lull in July as the market takes a breather.

There some evidence of those market rhythms in this month’s numbers, but there is welcomed strength in the stats too.

Headed into July, inventory remains virtually unchanged compared with June with 816 homes for sale in Spanish Fort, Daphne and Fairhope. Sales dropped from 159 in May to 125 in June. Pending sales were off, but not precipitously, dropping from 231 the first of June to 207 the first of July.

Here’s what’s going on.

Total houses for sale: 816            

Homes for sale in Spanish Fort AL: 122

Homes for sale in Daphne AL: 266

Homes for sale in Fairhope AL: 428

 

Pending sales:

Total: 207

Spanish Fort: 27

Daphne: 85

Fairhope: 95

Closed sales for June 2012

Total: 125 compared with 159 in May.

Average sale price: $213,004, down from $219,878 in May and $229,825 in April.

Median sales price: $179,900, down from $200,000 in May and  $207,900.

List to sale percentage: Slightly better at 96.67% compared with 96.12 % in May.

Spanish Fort: 19

Daphne: 60

Fairhope: 46

 

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Janet English

RE/Max By The Bay

 (251) 591-2411

 

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