Home sales were up slightly to 135 solds in July, compared with 128 homes sold in June 2008 from Spanish Fort to Point Clear. The number of houses going under contract remains weak at 119 pendings, up slightly from 114 pendings in June.
July statistics aren't much different from those of a year ago, when the slowdown in home sales started. Typically, July is a slow real estate month with the majority of families with school-aged children trying to close in May/June.
Inventory continues to rise, from 1,237 on the market in June to 1,284 now on the market.
Here are the stats for the Eastern Shore in July:
Total houses for sale: 1,284
Spanish Fort: 135
Daphne: 458
Fairhope: 629
Lake Forest: 62
Pending sales
Total: 119
Spanish Fort: 16
Daphne: 47
Fairhope: 49
Lake Forest: 7
Closed sales for July 2008
Total: 105
Average sales price: $332,014
Median sales price: $246,000
List to sale percentage: 96.92%
Spanish Fort: 13
Daphne: 46
Fairhope: 39
Lake Forest: 7
Here's the comparison, looking at the same data for July 2007
Total sales: 120
Average sales price: $308,847
Median sales price: $246,700
List to sales percentage: 97.34%
Janet English, RE/MAX By The Bay, Daphne, Alabama, 251 591-2411
Comments (1)Subscribe to CommentsComment