ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 07/21/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL –  07/21/2011

Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL –  07/21/2011 list has  been posted.

http://bhammls.net/BAARReports/ListitLib/show_report.aspx?ID=7016118187

These  are Single Family Homes ‘Active’ on the Birmingham MLS. These homes

are  ripe for the picking. Don’t Let them pass you by. ACT NOW!!

I hope you have an awesome day, packed with smiles while searching for your active Birmingham AL Real Estate Dream.

After stumbling in April and May, existing-home sales continued to slip in June compared to the month before, according to the latest monthly report from the National Association of Realtors.

Completed sales of existing single-family homes, townhomes,  condominiums and co-ops dipped 0.8 percent to a seasonally adjusted  annual rate of   4.77   million in June from 4.81 million in May, the  report said. Sales fell 8.8 percent compared to June 2010, the scheduled  closing deadline for a federal homebuyer tax credit program.

Lawrence Yun, NAR’s chief economist, said in a statement that there was “an unusual spike” in contract cancellations last month.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

“The  underlying reason for elevated cancellations is unclear, but with  problems including tight credit and low appraisals, 16 percent of NAR  members report a sales contract was canceled in June, up from 4 percent  in May, which stands out in contrast with the pattern over the past  year,” Yun said.

The national median price for existing homes rose 0.8 percent  year-over-year last month, to   $184,300. Distressed properties,  typically sold at a discount, made up 30 percent of sales in June, down  from 31 percent in May and  from 32 percent in June 2010, the report  said.

Home sales in the metro Birmingham area declined 13 percent in June compared to a year earlier, as prices held steady or increased slightly, according to a report from the Birmingham Association of Realtors.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN YOUR AREA

A total of 987 homes sold last month in Jefferson, Shelby, St. Clair and Blount Counties, according to the report. That is down from 1,135 homes sold in those counties during June, 2010. The median sales price last month was $154,245, virtually unchanged from the $155,000 median price in June, 2010. The average sales price last month was $192,735, up 4 percent from an average of $184,427 a year before.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

Of the homes sold last month, 266 were foreclosure sales. That represents 27 percent of total sales.

Birmingham area home sales fell 23 percent in May, with average selling prices rising 10 percent.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

The Birmingham Association of Realtors said Friday total residential sales in May were 863. That is down from 1,120 a year ago. The average selling price was $184,581, up from $166,910 a year ago.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN YOUR AREA

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL –  07/21/2011

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s