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Baldwin County Alambama and Escambia County Florida
Posted on 22 Mar 2019
by Michael Hyman, Research Data Specialist
NAR released a summary of existing-home sales data showing that housing market activity this February, bounced back and was up 11.8 percent from January 2019. Despite the month over month gains, sales of existing-homes dropped 1.8 percent from February 2018. February’s existing home sales reached a 5.51 million seasonally adjusted annual rate, the highest since March 2018.
The national median existing-home price for all housing types was $249,500 in February, up 3.6 percent from a year ago. This marks the 84th consecutive month of year-over-year gains.
Regionally, all four regions showed growth in prices from a year ago. The Midwest had largest gain of 5.4 percent followed by the Northeast with a gain of 3.8 percent. The West had an increase of 3.0 percent followed by the South with an incline of 2.5 from February 2018.
February’s inventory figures are up from last month 2.5 percent to 1.63 million homes for sale. Compared with February of 2018, there was a 3.2 percent increase in inventory levels. It will take 3.5 months to move the current level of inventory at the current sales pace. It takes approximately 44 days for a home to go from listing to a contract in the current housing market, up from 37 days a year ago.
From January 2019, three of the four regions showed inclines in sales while the Northeast was unchanged. The West had the biggest gain of 16.0 percent followed by the South with an incline of 214.9 percent. The Midwest had the smallest increase of 9.5 percent.
Two of the four regions showed declines in sales from a year ago and the Midwest was flat. The Northeast had the only gain in sales of 1.5 percent. The West had the biggest decline of 7.9 percent followed by the South with the smallest drop of 0.4 percent. The South led all regions in percentage of national sales, accounting for 43.4 percent of the total, while the Northeast had the smallest share at 12.5 percent.
In February, single-family sales were up 13.3 percent and condominiums sales were unchanged to last month. Single-family home sales fell 1.4 percent and condominium sales were down 5.0 compared to a year ago. Single-family homes had an increase in price up 3.6 percent at $251,400 and condominiums modestly rose 3.1 percent at $233,300 from February 2018.
"AWARDED TOP PRODUCING SINGLE AGENT COMPANY WIDE IN 2018 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)
Top Producer 2018 Award Brokerage Wide Realty Executives Gulf Coast, Chairman Award, Executive Award and 100% Club Award
Top Producer 2017 Award & Top Sales Volume Award 2017 Company Wide
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
Chairman's 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