Wiregrass Region of Alabama Housing Stats for February 2014

By
Real Estate Agent with iXL Real Estate-Wiregrasss\

 

 

Wiregrass area residential sales slip 4% in February

 

 

 

Wiregrass residential sales in January totaled 45 units representing a 4.3 % drop from last month and 19 units below the ACRE monthly forecast.

 Supply: Wiregrass area housing inventory went down 8.4% from last February to 882 units. The monthly inventory was essentially unchanged at up 0.3%. For the last 4 years, the monthly inventory has normally increased from January to February by 0.5%. But, the inventory level still remains high with an inventory-to-sales ratio of 19.6 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 4.3% from last month. Sales typically decrease from the month of January by 27.1%. Days on Market (DOM) was 145 days, which is 24.5% faster than last February.

 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

Click HERE for a FREE Market Snapshot Report!

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Rainer
346,323
Karen Johnson, Realtor, ABR
Addison Wolfe Real Estate - Doylestown, PA
"Bucks County PA Homes"

Hi Travis, these are great numbers and an easy to read market report. I hope you receive lots of clicks and leads from it!

Mar 29, 2014 07:26 AM #1
Rainmaker
370,688
Travis "the SOLD man" Parker; Associate Broker
iXL Real Estate-Wiregrasss\ - Enterprise, AL
email: Travis@theSOLDman.me / cell: 334-494-7846

THANK YOU, Ms. Karen! I try to use the same short'n'simple tempate each month so it's easy to compare.

Mar 29, 2014 08:02 AM #2
Rainmaker
331,148
Bruce Swedal
Denver, CO
Denver Real Estate

Love the market reports you provide. They have a great presentation and feel. Any buyer or seller that needs help in the area should definitely give you a call.

Mar 29, 2014 11:35 PM #3
Rainmaker
529,640
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

Travis: Has the unusual winter weather harmed the sales numbers? If so, there is a pent-up demand now, one would assume. I like your market report, precise and easy to understand.

Mar 30, 2014 12:19 AM #4
Rainmaker
2,912,513
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Travis - Thank you for sharing an excellent blog about Wiregrass Region of Alabama housing stats for February 2014.

Mar 30, 2014 01:24 AM #5
Rainmaker
2,302,875
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Travis. Nice job with your report, you certainly have a good handle on what is going on in your market.

Make it a great weekend!

Apr 04, 2014 06:35 PM #6
Rainmaker
1,296,255
Jon Kolsky
Kolsky Realty & Management - Long Beach, CA
Licensed California Real Estate Broker

Travis~ buyers and sellers in and around Wiregrass will soak up this info, awesome market report.... 

Apr 06, 2014 02:49 AM #7
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Rainmaker
370,688

Travis "the SOLD man" Parker; Associate Broker

email: Travis@theSOLDman.me / cell: 334-494-7846
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