The June 2008 data for Spanish Fort has 129 homes on the market. The average list price of $364,952 and a median price down slightly at $319,500, are both down about 2% from May. These homes have been on the market for an average of 133 days. The median is the point where there are the same number of prices lower than higher.

In June 14 homes have sold in Spanish Fort with an average sales price of $256,756 (down 2%) and a median sales price of $219,500, a significant drop. Average days on the market dropped from 107 to only 92 in June.

The number of homes that are presently under contract in Spanish Fort is 12 with an average sales price of $330,383. This is an incredible 20% increase in sales price over May! The median price point of $307,900 represents a 23% increase over last month. These homes were on the market an average of 105 days.

The number of homes on the market has risen to the point where buyers have many choices, not like it was a couple of years ago when inventory was very low. Even with prices on the rise, it is still a strong Buyer’s market. The Summer high season for sales is upon us, with many families making job transfers and relocating to our area. This is a prime time to choose a home in beautiful Spanish Fort, AL.

You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.