Birmingham News Reports May to June 10% Drop In Dollar Sales


Today the Birmingham News featured us and our data on the front page, and followed into the main section on page 5. Thank you Jeff Hansen! They even included good citations to our web site Http://TomBrander.com.

The article begins:

Birmingham-Hoover home sales in dollars slide 10% from May to June

May to June decline worries some observers
Monday, July 21, 2008

JEFF HANSEN

News staff writer

Home sellers in the Birmingham-Hoover metro area face a rough market.

Total dollar sales in the area fell to $266.4 million in June, a 10 percent drop from May, according to the market summary released last week by Tom Brander, editor and publisher of the Rudulph/Brander Monthly Birmingham Area Real Estate Report.

Only one other time in the past decade – 2002 – have sales dropped from May to June, according to Brander’s analysis.

“Normally June is an `up’ month,” Brander said, “so the decline is particularly worrisome.”

The report shows other signs of the housing slowdown in metro Birmingham-Hoover:

Total June sales of new and used homes this year were 37.5 percent below the June 2007 sales.

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