Wiregrass Region of Alabama Housing Stats for January 2014

By
Real Estate Agent with iXL Real Estate-Wiregrasss\

Wiregrass area residential sales improve 7% in January; median sales price up 9% 

                         

Wiregrass residential sales in January totaled 47 units representing a 6.8 % improvement from the same period last year in the number of houses for sale.

Supply: Wiregrass area housing inventory went down 10.1% from last January to 879 units. The monthly inventory increased by 2.7%. For the last 4 years, the monthly inventory has normally increased from December to January by 0.3%. But, the inventory level still remains high with an inventory-to-sales ratio of 18.7 months of supply. Market equilibrium (balance) is considered to be 8 - 9 months of supply so this represents an area where continued improvement would be welcome news..

Demand: Residential sales went down 14.5% from December. Sales typically decrease from the month of December by 13.8 percent.. Days on Market (DOM) went down to 138 days, which is 22% faster than last January.

Pricing: Median price went up 6% from last January to $20,000. Historically it has been 9.1%.

Since Local Markets are just that, “LOCAL”, we highly recommend consulting with a real estate professional to discuss prices as it can, and will, vary from neighborhood to neighborhood.

"historic" = 2009-2013

Infograph courtesy of ACRE

Posted by

_______________________________

Travis Parker
Associate Broker, Military Relocation Professional
CRS, ABR, MRP, SFR, e-PRO®, BPOR, ACRE

Team Linda Simmons Real Estate, Inc.
1611 E. Park Ave.
Enterprise, AL 36330
334-494-7846 cell
334-347-8441 office
334-347-7653 fax

"follow-me" phone # 70-SOLD-MANN
www.teamlindasimmons.com

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Rainmaker
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Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Thanks for the update, know more about your market than I did before stumbling into your blog post on the local real estate shake and bake.

Mar 10, 2014 08:27 AM #1
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Rainmaker
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Travis "the SOLD man" Parker; Associate Broker

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