Consumer Law

Birmingham Home Sales Fall 15%

By M. Stan Herring

The Birmingham Business Journal has posted an article about the decline of Birmingham-area home sales in 2009.

In 2009, nearly 10,600 homes were sold as opposed to the 12,454 homes sold in 2008. Foreclosures accounted for 31% of December home sales. The 31% is up from 25% in October and 30% in November .

Averages prices also fell 8% to $173,065 and median price dropped 5% to $146,300.

In December, the association said sales dropped 4 percent to 765 from 798 in the same month a year ago, while average price increased 7 percent to $187,689 and median rose 8 percent to $150,500.

If you are facing foreclosure in Alabama and have questions, you might want to read our articles about The Three Stages of Foreclosure in Alabama and Wrongful Foreclosures in Alabama.

Feel free to contact us through our website or by calling 205-879-2447.

Also remember you are invited to our free tele seminar on Alabama Wrongful Foreclosures set for January 19, 2010, at 4 pm CST.

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Full post as published by Alabama Consumer Blog on January 13, 2010 (boomark / email).