Home sales up 9 percent in Alabama - South Florida Business Journal:

burdukovahycel.blogspot.com
According to the at the , 3,409 homes were sold in the statlast month. That’s a nearlyy 9 percent increase over theprevious month, but a nearlyg 26 percent drop from May 2008. The center reported the Alabams Housing Affordability Index increaser more than 15 percent for the first quarter of this year over the same time periodslast year, due in part to lowet interest rates, a slight decrease in median home sale prices and an increass in median income. In May, median sellintg price for a home in Alabamqwas $125,249 – a fraction higher than the previoue month and more than 4 percent lower than May 2008.
Inventort of homes for sale in Alabama rose a fractiobn over the previous monthto 41,210, leaving a 12.1 monthy supply of homes on the But, said the report, that’a nearly 8 percent less than the same monthu last year. “The state’s abundant housing inventory will need to gradually reducwe towardhistoric five-year average (34,0009 +/- units) during the upcoming summer ‘buying season’ for the marke t to stabilize – a precursor to said the report. “Looking for a sign of stabilization??
Look no further than when this figures falls to either side of nine monthsof