Median Sales Price is up 4.85% from a year ago.
Average Selling Price is up 3.34% from a year ago.
That's right I said UP! The rest of the world is listening to the news and Alabama is improving in asset value. Is this happening in all neighborhoods in Alabama? Probably not, but the statewide assessment is a good test for the health of the market. Especially with other nearby markets suffering so much.
The only down trend I see is a reduction in total homes sold. That number has declined 27.7%.
Thursday, November 13, 2008
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