Slow Market? Hmmm….
I wonder if Iâ€™m wearing rose colored glasses when analyzing the housing market here in Shelby County. Or maybe Shelby County is just a â€œrosyâ€ place to live and own real estate. When talking with area Realtors, I keep hearing that â€œthings are slowâ€ and listings are not getting the traffic we came to expect this year. Maybe the increase in the supply of homes is creating an illusion of a slow market.
The Alabama Real Estate Research and Education Center has released some interesting stats. As of April, Alabama home sales were up 3.2 % over the previous year. At a national level, existing home sales fell 5.7 % in April over the past year. So, while Alabamaâ€™s housing market is still going strong, sales vary a lot from area to area. It does seem as if Shelby County is ignoring the predicted national housing slump â€¦ and thatâ€™s a good thing!