Market Trends: Alabama Real Estate

Alabama Title Company Foreclosure Report September 2009

tbrander — Fri, 30 Oct 2009 19:57:55 +0000

Realtrac, sees notices of default being processed by the banks, only a small percentage of which actually result in foreclosure. So the headlines about big increases in foreclosures, may or may not presage a real increase in actual foreclosures. In the case of the Realtors who have also been reporting on foreclosures, they only see [...]

Birmingham Area Sales Surprisingly Robust in September

tbrander — Mon, 12 Oct 2009 16:25:07 +0000

Birmingham Area MLS* Monthly Observations for September 2009 September residential sales were surprisingly good and about equal to August. Normally, there is a pronounced decline from August to September. Dollar sales were down .7% to $184,140,031 in September vs. $185,505,105 in August. That is off 26% from last September ($250,547,162). We are almost certain to see [...]

September Huntsville Sales Pretty Good, Inventory Still High

tbrander — Mon, 12 Oct 2009 02:26:26 +0000

Huntsville/North Alabama Area MLS Observations Huntsville, Alabama Residential Real Estate Market September 2009: Huntsville, North Alabama market performed substantially better than expected in September coming in 2% below August results. This is the best September to August comparison in ten years. This is about the same as September 2004. It is still highly likely given the [...]

September ‘09 Baldwin County Real Estate Sales Looking UP

tbrander — Sun, 11 Oct 2009 22:57:22 +0000

Baldwin County MLS* Observations for the month of September 2009: Real Estate Statistics for the Baldwin County, Alabama Coastal Areas: Sales in September improved by 15% to $81,599,215 from August’s $70,901,748 (Sect A p.2). This is the strongest August to September percentage change on record, by far. While things are bad, with outsized inventories of [...]

August Foreclosure Data From Alabama Title

tbrander — Fri, 25 Sep 2009 19:44:01 +0000

I am pleased to present what I believe to be the best local foreclosure data. Unlike the national “foreclosure filing” data which represents delinquent loans which may or may not result in an actual foreclosure, that is most often reported, this is real foreclosure data, filed at the courthouse, from actual transactions reported on a [...]

A Note on Housing Permits in Jefferson County (July 2009 data)

tbrander — Mon, 14 Sep 2009 19:37:25 +0000

I received this from the director of the Greater Birmingham Association of Home Builders. (republished with permission) I don’t have good data on Starts vs. permits. I’d also note that the other areas we follow, including Huntsville and Shelby County also showed pretty substantial increases in permit activity. Tom, Read with interest your latest report. One item I would point out regarding Permits [...]

August Birmingham Real Estate Sales Slump 18% Month to Month

tbrander — Mon, 14 Sep 2009 19:26:49 +0000

Birmingham Area MLS* Monthly Observations for August 2009 August was a rough month for sales, sales decreased from July by a larger than normal decline. Dollar sales were down 18% to $181,500,045 in August vs. $221,788,935 in July. That is off 29% from last August ($256,219,765). The next few months will be telling as we enter into [...]

August 2009 Baldwin County/ Alabama Coastal Residential Sales Down Only Slightly

tbrander — Mon, 14 Sep 2009 19:11:30 +0000

Baldwin County MLS* Observations for the month of August 2009: Real Estate Statistics for the Baldwin County, Alabama Coastal Areas: While things are bad, with outsized inventories of homes for sale, the good news is that unlike some areas that we cover where inventories are continuing to climb (albeit from lower levels) and sales [...]

August 2009, Huntsville, North Alabama, Residential Sales Fall

tbrander — Mon, 14 Sep 2009 03:20:30 +0000

Huntsville/North Alabama Area MLS Observations Huntsville, Alabama Residential Real Estate Market August 2009: Huntsville, North Alabama market fell substantially in August coming in 23% below July results. This is about the same as August 2003. This is a substantial deterioration in the sales pattern. It is highly likely given the strong seasonal trends, that sales will continue [...]

Birmingham July 2009 Real Estate Sales Down, Inventory Climbing

tbrander — Mon, 17 Aug 2009 13:03:10 +0000

Birmingham Area MLS* Monthly Observations for July 2009 Sales decreased from June, which always happens and the decline was fairly “normal”. Dollar sales were down 8.5% to $217,833,975 in July vs. $237,970,680 in June. That is off 21.6% from last July ($277,674,298). The next few months will be telling as we enter into the weaker sales period. [...]