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Jamie Praytor
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Open House Sunday
251-344-7065
1521 Sawada Dr.
3bd/2ba
with huge great room. Pretty brick
fireplace. Cozy and comfortable is the feeling you get when you walk in the
door.
Directions: University to West on Overlook. First right is Sawada. House on Left
$129,900 - MLS#207155- Elaine Campbell

JANUARY 2010 HOME SALES KEEP PACE WITH 2009
NUMBER OF HOMES ON MARKET DECLINE
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249 homes were sold in January
versus 346 in December – A 28% decrease from
December-however an 8% increase over January 2009.
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Average home declined in
January with the average price declining to $144,736 versus
$158,090 in December- an 8% decrease. Average sales
price for 2009 was $157,935.00.
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The time it takes to sell a
home dropped 8 days to 83 days in January versus 91 in
December- a 7% decrease.
Average time for 2009 was
93.2.
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Supply of available inventory
rose sharply in January. At the end of January there was a
20.38 months supply of homes, in December it was 14.86 –
a 27% increase.
Average supply for 2009 was
14.25 months.
“As
expected January home sales were off significantly from
December. The seasonal drop from December to January has become
a regular occurrence on the Gulf Coast. However, this year’s
drop was less than last years and January, 2010 sales were 8%
higher than January, 2009. January, 2010 sales mark the 4th
consecutive month that home sales were higher than the previous
year. Our research indicates the last time this happened was
during the Katrina era. With the homebuyer tax credit expiring
on April 30th, the market over the near term would
seem to have room for growth. February closed sales could be
affected by the extreme weather conditions of late December and
early January. The average home price declined in December with
the follow through closings of first time homebuyers. Sellers
are still averaging close to 95% of their list price, which
indicates less expensive homes are selling. With the new
existing homeowner tax credit in place we expect the average
sales price to move higher in 2010. In November of 2009 83% of
the homes sold were under $200,000, in January it was down to
78%. If that trend continues we could finally be seeing some
move ups in the market. Available inventory was a mixed bag in
January; we’re up to a 20.38-month supply of homes, which is a
direct correlation to the lower number of sales in January. The
good news there is we reduced the number of listings in the
system by almost 300 homes. We are still holding with the idea
that sales will start soft in 2010 and build forward.”
Tommy Praytor,
President, Praytor Realty, Co., Inc.
The Homebuyer Tax Credit has
been Extended and Enhanced!
Click here for more details

Did You Miss Our Open House?
It's Not Too Late!
Call Today 251-344-7065
2171 Carrington Dr
5bd/2.5ba former Parade
Home in Popular Carrington Place. Split brick floors in kitchen awesome deck
overlooking pool nestled in landscaped back yard. Huge Walk-in Closets in every
room.
Directions: West on Cottage Hill Rd Right on Leroy Stevens and Left on
Carrington Dr. House is on the Left
$265,000 -
MLS#206595-Lora Parnell

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