May 2012

Found 3 blog entries for May 2012.

Existing-home sales rose to 4.62 million (seasonally adjusted annualized rate) in April from a downwardly revised March rate of 4.47 million, the National Association of Realtors (NAR) reported Tuesday. Economists had forecast the April sales pace would be 4.66 million.

The median price of an existing home climbed 10.1 percent to $177,400 from $161,100 in April 2011, the strongest year-to-year gain since January 2006. The median price in April reached its highest level since July 2010 when it was $182,100.

The inventory of homes for sale in April rose to 2.54 million, the highest level since last November, bringing the months’ supply of homes on the market to 6.6.

The 10.0 percent yearly gain in the sales rate was the strongest since October

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The market is back!  This is another consecutive month of increased prices and decreases on days on market.  This is the time to buy if you are in the market for your beach home.  Please take time to see the full report here:  http://www.gulfshoresrealestate.com/files/46/Baldwin_Residential_Report-April_2012.pdf

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For all of our clients that are on the fence, now is the time to buy your dream beach property.  Please take a look at this article for further information:  http://blog.al.com/acre/2012/05/condo.html

 

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It comes down to supply and demand.  We are seeing an extremely high demand and prices are starting to increase as well.

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