Here is a summary of the Realtors report for March From the Birmingham News:
Area home sales rise in March, but prices slip, Realtors group says: Posted by Dawn Kent: Birmingham News April 17, 2009 10:18 AM
Metro area home sales rose 18 percent in March compared to February, the Birmingham Association of Realtors reported today.
Area home sales totaled 854 last month, compared to 725 in February. In the year-over-year comparison, sales slid 27 percent from March 2008’s total of 1,162, but in the current downturn, month-to-month comparisons have taken on greater significance.
Both the average and median sold prices dropped from the year-ago mark. Last month’s average price was $160,929, an 18 percent fall from March 2008. Meanwhile, the median price fell 14 percent from a year ago to $159,900 last month.
The board of Realtors, note a greater month to month increase than our report, 9% vs. 18% not sure exactly how, it could be due to taking that data somewhat later than our report this month and that their report does not recalculate the prior month data to account for late reported sales. The year to year decrease is within 2%. The MLS report and our report incorporate slightly different areas so our gross numbers are higher. Both reporting methods are accurate, just slightly different!