July 2019 was a busy month in real estate in central Alabama.
495 homes were sold in Central Alabama’s River Region in July 2019. The average sales price for real estate in central Alabama was approximately $192,000. The average days on the market was 82.
The vast majority of those homes sold were single family residences, with a few sprinklings of mobile homes, patio homes, and townhomes.
AVERAGE PRICE RANGE CENTRAL ALABAMA
The median(average minus highest and lowest) sales price for single family homes in central Alabama’s River Region at the end of July 2019 was $175,000.
|PROPERTY SUBTYPE||MEDIAN SALES PRICE|
|SINGLE FAMILY HOME ||$178,000|
EXISTING HOME SALES CENTRAL ALABAMA
A total of 495 homes sold in central Alabama in July 2019.
|MONTH||NUMBER OF UNITS SOLD|
AVERAGE DAYS ON MARKET
The average days on the market for single family homes in July 2019 was 82. This is down significantly from the first quarter 2019 average days on market of 101.
LISTING VOLUME CENTRAL ALABAMA
There are currently 1506 active listings for residential real estate. That is about 3 months worth of inventory in the current sales climate. This is still a seller’s market, but the tide could be changing.
AVERAGE LIST TO CLOSE PRICE
The average list to close ratio is right at 98%. This equates to homes are selling for very near their advertised price.
HOME VALUES BY AREA
|AREA||MEDIAN SALES PRICE||SALES THIS MONTH|
Outlook for the Future
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