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Baldwin County Alambama and Escambia County Florida
Posted on 25 May 2018
by Michael Hyman, Research Data Specialist
NAR released a summary of existing-home sales data showing that housing market activity this April fell 2.5 percent from last month and dropped 1.4 percent from last year. April’s existing home sales reached 5.46 million seasonally adjusted annual rate.
The national median existing-home price for all housing types was $257,900 in April, up 5.3 percent from a year ago. This marks the 74th consecutive month of year-over-year gains.
Regionally, all four regions showed growth in prices from a year ago, with the West leading all regions with an incline of 6.2 percent. The Midwest had a gain of 4.6 percent followed by the South with a gain of 3.9 percent. The Northeast had the smallest gain of 2.8 percent from April 2017.
April’s inventory figures are up 9.8 percent from last month to 1.67 million homes for sale. However, compared with April of 2017, fewer homes are available, with inventory down 6.2 percent, marking 35 months of year-over-year declines. It will take 4.0 months to move the current level of inventory at the current sales pace. Transactions are moving faster and it takes approximately 26 days for a home to go from listing to a contract in the current housing market, down from 39 days a year ago.
From March, three of the four regions experienced declines in sales. The Northeast had the biggest decline of 4.4 percent followed by the West with a drop of 3.3 percent. The South fell 2.9 percent. The Midwest region was flat.
Three of the four regions showed declines in sales from a year ago. The Northeast had the biggest drop in sales of 11.0 percent followed by the Midwest with a decline of 3.0 percent. The West had a modest dip of 0.8 percent. The South was the only region to have a gain of 2.2 percent. The South led all regions in percentage of national sales, accounting for 42.7 percent of the total, while the Northeast had the smallest share at 11.9 percent.
In April, single-family sales declined 3.0 percent and condominiums sales rose 1.6 percent compared to last month. Single-family home sales fell 1.6 percent and condominium sales were unchanged compared to a year ago. Both single-family and condominiums had an increase in price with single-family up 5.5 percent at $259,900 and condominiums up 3.4 percent at $245,500 from April 2017.
"AWARDED TOP PRODUCING SINGLE AGENT VOLUME SOLD COMPANY WIDE IN 2016 WITH REALTY EXECUTIVES GULF COAST! WHILE WITH COLDWELL BANKER SOUTH SHORE REALTY (2002-2009) I WAS AWARDED TOP PRODUCING SINGLE AGENT COMPANY WIDE SEVEN YEARS IN A ROW! WORK ONLY WITH THE BEST!
AWARDS AND ACCOLADES WITH REALTY EXECUTIVES GULF COAST(2010- PRESENT)
Awarded Top Producing Single Agent Volume Sold Realty Executives Gulf Coast for 2016
Awarded Top Producing Single Agent Realty Executives Gulf Coast for 2014
Awarded Top Producing Single Agent Realty Executives Gulf Coast for 2013
Chairmans Club (Top 10% Nation Wide) 2013
100% Club 2013
Awarded 2nd Highest Producing Single Agent in Number of Transactions Closed Realty Executives Gulf Coast for 2012
Executive Club 2012
100% Club 1012
Executive Club 2011
100% Club 2011
Awarded Top Producing Single Agent Realty Executives Gulf Coast for 2010
Executive Club 2010
100% Club 2010
AWARDS AND ACCOLADES WITH COLDWELL BANKER SOUTH SHORE REALTY (2002- 2009)
Awarded Top Producing Agent Coldwell Banker South Shore Realty for 2009
Awarded Top Producing Agent Coldwell Banker South Shore Realty for 2008
Awarded Top Producing Agent Coldwell Banker South Shore Realty for 2007
Awarded Top Producing Agent Coldwell Banker South Shore Realty for 2006
Awarded Top Producing Team Coldwell Banker South Shore Realty for 2005
Awarded Top Producing Team Coldwell Banker South Shore Realty for 2004
Awarded Top Producing Agent Coldwell Banker South Shore Realty for 2003