Back in December Tom Horn of BirminghamAppraisalBlog.com commented on the housing market trends in Hoover in October compared to the same time last year. All in all, the results looked pretty positive for the Birmingham/Hoover new homes market when looking at median sales price, the number of new listings, and closed sales. Below is the original article posted at BirminghamAppraisalBlog.com where Tom details the year over year trend and why things are looking positive.
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HOOVER, ALABAMA HOUSING MARKET TRENDS – OCTOBER 2010 – Tom Horn
Recent sales data for the month of October provided by the Birmingham Multiple Listing Service indicates some positive trends in residential home sale prices. Some of the good news includes an increase in the median sales price over this time last year (2009). In October of this year the median sales price was $256,150 compared to $239,035 for last year, for an increase of 7.2%. The chart below shows more statistics for October of 2010..
Click Here to view the chart and read the original article posted on birminghamappraisalblog.com.