I think 2014 is going to be a fabulous year for Alabama real estate. As a matter of fact,  I think  we’re  going  to  have  a  better  year  than  some  people  are  even  projecting.  Frank  Nothaft,  the  chief  economist at Freddie Mac put  it this way: We expect single family home sales and housing starts to be at the highest level since 2007, the highest level in seven years. 2012 and 2013 were pretty good years, but 2014 will blow those numbers away.

Let's look at what the Alabama real estate did in the 3rd Quarter of 2013.


The FHFA 3rd Quarter Report broke down the numbers by sections of the country with the East South Central region showing a 4.89% increase in prices.

The same 3rd Quarter Report shows Alabama home prices increased 5%.


Days On Market

The average days on the market for an Alabama home was 86 days.

days on market

Months Of Inventory

Nationwide, the housing inventory is coming back to normal.

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