According to the Alabama Center for Real Estate (ACRE), June residential home sales in Alabama experienced an 11.9% increase from the prior month. This is a move in the right direction for the local housing industry. The sales transactions were supported by displaced homeowners finding a place to live after the devastating storms that hit our state in April.
The big picture is that the Alabama market out gained the national numbers, where the overall US market showed a decline of 0.8% for June. We will see what happened in July in a few weeks and determine if this growth will continue.
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