The Shoals Area Housing Market Update - June/2008
By Mike Randall, Consider It Sold
(Coldwell Banker Pinnacle Properties, Florence Alabama)
It seems the "gloom and doom" news outlets are reporting this housing crisis every which way you turn. And in some markets, that may very well be the case. Here in the Shoals Area, however, things seem to be ok, and the numbers back this up. Here are some statistics on the housing market for 2008 in The Shoals Area, covering all of Lauderdale and Colbert Counties, including Florence, Muscle Shoals, Sheffield, Tuscumbia and Killen: May 2007 # of homes sold - 161 Average selling price - $134,648 Average days on the market - 79 Total dollar volume - $21,678,322 Median selling price - $108,000 # of houses on the market - 908 May 2008 # of homes sold - 174 Average selling price - $131,725 Average days on the market - 70 Total dollar volume - $22,920,119 Median selling price - $117,5...
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