Over all the housing market in Alabama has been stable with some adjusting within some markets depending on the economic conditions of the area. Tuscaloosa has remained very stable with some minor adjustments in pricing, although the decrease in home pricing has not been prevelant. With the University of Alabama, DCH, the VA and the various manufacturers located in the community the economic conditions have remained stable with some minor adjustments to manpower/employment.
Housing Statistics
June 2009 June 2008
# Homes Sold: 197 # Homes Sold: 209
New Const SFR Sold: 22 # New Const Sold: 43
Condos Sold: 9 Condos Sold: 10
AVG DOM: 119 AVG DOM: 110
# Homes on Market: 1809 Avg Selling Price: $180,140
Median Selling Price: $150,000 Median Selling Price: 152,500
Condos Active: 285 # Homes on Market: 1971
AVG Selling Price: $182,819 New Const Active: 480
New Const SFR Active: 271
*Source: West Alabama MLS
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