As I stated in my November LandLines newsletter, everyone at AlaLandCo are seeing positive signs of our market recovering. At AlaLandCo, we’ve sold over 40 Alabama properties this fall, so don’t believe all of those people that are telling you there is no market right now. There is! 40+ sales prove it.
And the home and real estate market is improving all over Alabama. Home sales in Alabama last month experienced the first positive year-over-year increase since July 2007, according to the Alabama Center for Real Estate.The ACRE’s latest statewide home sales report, 3,589 homes sold in the state of Alabama in October. That’s nearly 3 percent higher than September and more than 13 percent higher than October of last year.
The center’s Executive Director Grayson Glaze said in an e-mail the last time the month of October saw a positive year-over-year percentage was in 2005, when it was nearly 15 percent.