Zack Childress Baldwin County Slow Real Estate in January

Baldwin County Alabama Coastal MLS*: Observations for the Month of January 2012 Sales Dollars decreased 19% in January to $46,905,756 from December´s $57,963,803. This is 14% below January last year at $54,787,622. (Sect A p.2). The 12 month moving average line of sales flattened out once again. Inventories are continuing to come down quite dramatically. Unit sales have recovered to normal levels. Dollar sales still … Continue reading

Zack Childress More on 2012 Birmingham Area Projections

Here is an interview I did for WERC 105.5 in Birmingham, the local Fox Affiliate, Discussing my outlook for the Birmingham Real Estate Market in 2012. Click here to listen. Posted in Birmingham, Forecast, Jefferson County, real estate | Tagged Birmingham Alabama,Forecast, real estate | 1 Reply Save Save

Zack Childress Birmingham Real Estate Sales Flat in 2011,2012 Should Be Better

Birmingham Area MLS* Monthly Observations for December 2011 Year end summary: As the above chart illustrates, 2011 was largely even with 2010, but that was a win compared to multiple years of decline. New Home sales were off due to lack of supply and the heavy competition with the used market. Projections: Using our newly developed projections, described here, we forecast total unit sales of … Continue reading

Zack Childress Real Estate Sales Flat in 2011

Huntsville/North Alabama Area MLS Observations: Real Estate Market December 2011 Year end summary: As the above chart illustrates, 2011 was largely even with 2010, but that was a win compared to multiple years of decline. Price pressure indicated by the decline in average prices will likely continue. Projections: We published our preliminary outlook for 2012 on the web site Here. I forecast a 2.2% increase in … Continue reading

Zack Childress Baldwin County Has a Good 2011 in Real Estate

Baldwin County Alabama Coastal MLS*: Observations for the Month of December 2011 Year end Summary: The above chart illustrates, 2011 was a very substantial improvement over 2010. New Home sales were off due to lack of supply and the heavy competition with the used market. Prices remain under pressure. Monthly Results: Dollar sales this month decreased 2% to $57,553,203 from November´s $58,582,263. This is 15% … Continue reading

Zack Childress Alabama Real Estate Confidence Index 1Q 2012

The survey projects expectations for the 1st quarter of 2012. The scale ranges from 0-100 with 0 being much worse, 100 being much better, and 50 indicating no change expected. The professional Real Estate community is considerably more optimistic. The outlook for sales (yellow) this quarter is back up into the expected expansion area at 56, a full ten point improvement from last quarter. This … Continue reading

Zack Childress Real Estate Trends 2010 and Outlook to 2011

By Laura Al-Amery Real Estate Trends in 2010 have followed a pattern that was expected: as mortgage rates and homes sales have dropped, inventories of unsold properties have risen. The inventory currently on the market is only a portion of a larger inventory of REO (Real Estate Owned) by banks, which is held back and released slowly over a period of time, in order not … Continue reading

Zack Childress Alabama, Birmingham and Huntsville Real Estate Market in 2012 – Forecast

While the Real Estate market adage is “Location, Location, Location” I submit that based on this study that maybe it should be “Jobs, Jobs, Jobs“ Over the years, I have often been asked to predict what will happen in the future in the residential real estate market. I have generally resisted providing answers to this, pointing out that the current data which I provide gives … Continue reading

Zack Childress Huntsville November Real Estate Sales

Huntsville/North Alabama Area MLS Observations: Real Estate Market November 2011 November sales declined 3% to $98,612,691 vs. October at $101,712,163. This was 1% better than last year at $97,179,181 (even with the tax incentive expiration). The twelve month moving average line on the total dollar sales chart is still poking up a bit. Total unit sales decreased to 639 in November vs. 651 in October … Continue reading

Zack Childress November Alabama Coast Real Estate – Slow Steady Improvement

Baldwin County Alabama Coastal MLS*: Observations for the Month of November 2011 Dollar sales this month decreased 18% to $57,418,263 from October´s $69,628,961. This is 10% above November last year at $52,326,531 when sales were impacted by the oil spill and the tax credit expiration (Sect A p.2). The 12 month moving average line of sales is quite clearly on an upwards tilt as mentioned … Continue reading