ENTERPRISE, AL : June 2008 Housing Market Activity Report

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Real Estate Agent with !Daley Real Estate GRE# 297541

ENTERPRISE / FORT RUCKER AREA:  JUNE 2008 Market Recap Report

 

Enterprise, AL Real Estate Realty World

 

Real Estate Agent

 

 

Here is June 2008 Real Estate Market Activity for the Enterprise Alabama, Fort Rucker & Wiregrass area.  Each month I will highlight the current market condition and changes so check back often to stay informed or you can subscribe to the monthly Market Report for the Ft. Rucker, Enterprise and Wiregrass area.

 

During the month of June there was 159 homes listed (149 last month) in the Wiregrass MLS. The average list price was $166,865 compared to last months $172,967.  Single family homes accounted for 138 of those listings, 13 were town houses and 8 were manufactured homes.  The Wiregrass MLS (WBMLS) total Dollar Volume for new listings in the month of June was $26,531,563.

During June 2008- homes in the Enterprise AL and the surrounding areas average sale price of the Wiregrass MLS listings were $143,917 (down from last month's $158,666) with a median price of $125,000.  The total Dollar Volume of $9,354,580 reflected homes sold during the month of June 2008 in the Wiregrass area.

June 2008 yielded 65 homes sold (down from 99 in May 2008) - which means that ownership changed hands and the new owners are listed on the tax records recorded at the Coffee County Courthouse.

The Average days on the market (DOM) for the month of June 2008 was 115 days compared to 165 in May 2008.

Current Conditions as of July 1, 2008:

Active listings: 795                 Pending Listings: 133            Subject to leases: 19

 

The Absorption rate in the Enterprise / Fort Rucker and the surrounding area is 34 weeks or approximately 8 months of inventory if the current conditions remain unchanged and continue to sell at 23 homes per week.  The absorption rate stayed the same from May 2008.

An absorption rate is the ability of the real estate market to sell off all of the houses that are for sale in Enterprise / Fort Rucker and the surrounding area of Coffee and Dale County.

The Definition of Absorption Rate:

Number of weeks it takes to sell the current inventory at the present rate of sales.

 

 

Do you want to know what the value of your home is? Feel free to contact me via phone or email. I would be more than happy to supply you with a FREE Market Analysis with NO OBLIGATIONS.

Are you relocating to the Fort Rucker / Enterprise area? As a Military Spouse Relocation Specialist let me be your sponsor and help you find your next home. Please give me a call or contact Michelle Tucker via email. We can discuss your future plans, I will send you a relocation package and I can set you up on an email campaign to receive the hot new listings for the Fort Rucker / Enterprise Real Estate Market.

 

Links to past reports:

May 2008 Fort Rucker / Enterprise/ Wiregrass area Monthly Report

2008 First Quarter

 

 

"Statistics not compiled or published by WBMLS."
Equal Opportunity Housing
All information deemed reliable, but not guaranteed

 

 

Enterprise / Fort Rucker / Daleville / Ozark / New Brockton / Hartford / Geneva

Michelle Tucker / Realty World - Southern Homes & Properties

Proudly Serving US Army Fort Rucker

Coffee County / Dale County / Wiregrass

  

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Michelle Tucker ~ Pooler Real Estate

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