Remember I talk about the market taking a breather. Well, it happened in August. But it really wasn’t too bad.
In Spanish Fort, Daphne and Fairhope, 155 homes closed, compared with 196 in July. Sales prices continue to wobble up and down. Inventory dipped again.
But buyer activity in September is promising.
Here’s what’s happening on the Eastern Shore of the Mobile, Ala., metro area:
Total houses for sale: 807, compared with 849 first of July.
Homes for sale in Spanish Fort AL: 139
Homes for sale in Daphne AL: 275
Homes for sale in Fairhope AL: 393
Total: 233, compared with 277 the first of July
Spanish Fort: 36
Closed sales for August 2015
Total: 155 vs 196 in July
Average sale price: $270,192, compared with $273,643 in July.
Median sales price: $229,000, slightly down from $230,975 in July
List to sale percentage: 97.01%, compared to 98.5% in July
May home sales:
Spanish Fort: 25