Report: Local home sales to pick up in February – Birmingham Business Journal:


More details on Birmingham in the article below this one here. Also see the 1st quarter outlook Alabama Real Estate Confidence Index article here.

Birmingham Business Journal – by Lauren B. Cooper Staff

If  history follows the 10-year average, homes sales are likely to pick up in February, said a local real estate blog.

Tom Brander, head of local real estate blog TomBrander.com, said in his January home sales report that February has always been better than January, at least for the last 10 years.

But Brander warned against outright optimism after a 25 percent drop in January homes sales over the previous month and a 7 percent year-over-year drop.

New home sales during January totaled 109, which was 33 percent less than in December, and used home sales were at 585, which was 23 percent less than December. And total local dollar sales were down 34 percent to $106.4 million, compared to $161.6 million in the previous month.

via Report: Local home sales to pick up in February – Birmingham Business Journal:.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s