Market Update
·
Mortgage rates are still low but seem to be on the rise
· Stocks up 3-5% depending on the index
· Jobs are strong-Unemployment is 4.9
· Bonds took a beating but have now leveled out
· Most observers think the nice level climb will continue
· Appreciation will stay at about 5% next year
National Real Estate Sales up 2%
·
Prices up 5.1%
·56 Days on Market
Gulf Coast Condo Sales
·
126 Units Sold- up 27.3% vs prior year
·
813 Units for Sale (18% decrease)
· 6.5 months Inventory (35% decrease)
· Avg Condo Price-$281.5K (14.9% increase)
Baldwin County Home Sales
·
489 Units Sold (20.4% increase)
· 2,770 Units for Sale (6.4% decrease)
· 5.7 Months Inventory (22.3% decrease)
· Average Price $278.5K (4.1% increase)
Market is as hot as I have seen this time of year!
Ready to sell your condo? or buy another?
Give us a call today! (251) 421-2923
|