Zack Childress March Residential Real Estate Sales Soft

ZACK CHILDRESS MARCH RESIDENTIAL REAL ESTATE SALES SOFT Birmingham Area MLS* Monthly Observations for March 2012 Sales in March improved 17% to $162,227,603 from February´s $139,164,184, down 1% from last March´s $164,121,105. The 12 month moving average line for total dollar sales is tilted upward. Unit sales were up 15% to 1060 in March from 919 in February, an increase of 141. This is off … Continue reading

Zack Childress March 2012 Residential Sales Soft on the Alabama Coast

Baldwin County Alabama Coastal MLS*: Observations for the Month of March 2012 Sales Dollars increased 21% in March to $78,411,645 from February´s $64,803,320. This is 8% above March last year at $72,390,530. (Sect A p.2). The 12 month moving average line of sales is flat once again. Inventories are continuing to come down. It is hard to read too much into comparable sales in these … Continue reading

Zack Childress Sales Projections for Alabama Real Estate Markets 2012

ABRE Analytics studies correlation between unemployment rates and future real estate sales projections; projects statewide real estate sales growth of 13% With the release of the metro unemployment data for January 2012, ABRE Analytics is pleased to present our combined projections and commentary for the Alabama real estate market. One note, the current projections are considerably more optimistic than the preliminary ones due to the … Continue reading

Zack Childress February Birmingham Real Estate Sales a Good Harbinger for Spring

Birmingham Area MLS* Monthly Observations for February 2012 It is shaping up to be good spring! Sales in February improved 20% to $136,263,984 from January´s $113,514,352, up 18% from last February´s $115,791,214. The 12 month moving average line for total dollar sales is tilted increasingly upward. Unit sales were up 18% to 906 in February from 771 in January, an increase of 135. This is … Continue reading

Zack Childress February Real Estate Sales Soft in Huntsville

Huntsville/North Alabama Area MLS Observations: Real Estate Market February 2012 February sales improved 10% to $87,702,197 vs. January at $80,004,946. This was 6% below last year´s $93,076,486. The twelve month moving average line on the total dollar sales chart is flat. Total unit sales increased to 610 in February vs. 536 in January, an increase of 74. This was favorable to last year at 585. … Continue reading

Zack Childress guideline for Coastal Real Estate Sales off to a Slow Start in 2012

Baldwin County Alabama Coastal MLS*: Observations for the Month of February 2012 Sales Dollars increased 34% in February to $64,295,045 from January´s $48,065,756. This is 7% below February last year at $69,394,255. (Sect A p.2). The 12 month moving average line of sales is headed down once again. Inventories are continuing to come down quite dramatically. Sales for the last three months have been disappointingly … Continue reading

Zack Childress|Huntsville AL Market Trends – January 2012

2012 is off to an encouraging start. Mortgage rates have remained under 4% for nearly two months. Home sales are strengthening and pending home sales, a measure to gauge future sales, are at their highest levels since March 2010. Job growth increased during most of 2011, with unemployment dropping to 8.4%. As more people are getting jobs, consumer confidence has also been increasing.  However, underemployment … Continue reading

Zack Childress on How to Become An ‘Expert’ Real Estate Agent: Part 1

People value and pay more attention to experts in their respective fields. That´s true of most professions, including doctors, lawyers and, of course, Realtors. Experts usually earn more money, too! Would you trust a mechanic who claims to be able to fix every make of transport, be it plane, car, boat or bike? Of course not! Nor should a real estate agent claim to know … Continue reading

Zack Childress Birmingham January Real Estate Sales Better Than Last Year

Birmingham Area MLS* Monthly Observations for January 2012 Sales in January declined 23% to $111,138,976 from December´s $144,973,823, up 7.6% from last January´s $103,296,527. The 12 month moving average line for total dollar sales remains tilted slightly upward. Unit sales were down 22% to 753 in January from 963 in December, a decrease of 210. This is a 10% improvement from January 2010 at 684. This … Continue reading

Zack Childress Huntsville January Real Estate Slow but Slightly Better Than Last Year

Huntsville/North Alabama Area MLS Observations: Real Estate Market January 2012 January sales declined 28% to $79,170,046 vs. December at $110,622,406 This was virtually identical to last year at $79,352,342 The twelve month moving average line on the total dollar sales chart is flat. Total unit sales decreased to 531 in January vs. 696 in December decreasing 165. This was favorable to last year at 504 … Continue reading