If you look at JUST the number of homes that closed, January was not a good month for Real Estate sales in Homewood. Only 9 homes actually sold and closed. Since there are currently 306 homes on the market, you could say we have a 34 month supply of inventory!
Now having said that - all is not doom and gloom. There are contracts on 58 properties in Homewood - 42 units in the new condo complex Hallman Hill are under contract - many going under contract in the last 2 months. They haven't closed because the building is not complete. Once these units are completed, sales in Homewood will skyrocket compared to previous months. 
Of the 9 homes that sold in January, prices ranged from $68,000 for a 3 BR 1 BA in Rosedale to $647,900 for a 4 Bedroom, 2.5 Bath in Hollywood.
If you would like any specific information about YOUR neighborhood, or to sign up for Hot Breaking News about new listings, call me at 205-821-3312 or send an e-mail to Toni@ToniBird.com.
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