Spotlight on Florence, AL Real Estate Market - Oct. 2008

Here are the statistics for the Florence, Alabama real estate market in Oct. 2008 as compared to Oct. 2007.

Florence, AL Home Sales (including the Shoals area)
Oct. 2008

	Oct. 2008	Oct. 2007
Monthly Sales	121	159
Avg. List Price	$119,825	$133,718
Avg. Sale Price	$114,647	$126,439
% Diff. (Sale/List)	95.68%	94.56%
Current Inventory	1195	1033
Months of Inv.	9.88	6.50

All information taken from the Shoals Area MLS as of Saturday, Nov. 8, 2008.
Information is deemed reliable but not guaranteed.

Although the housing market in Florence and the Shoals is still stable, there is a downward trend in the number of homes sold and the average listing/sales price. The months of inventory available is at it's highest point since January. We are entering a period where home sales normally slow down, so it will be interesting to see what the next few months bring!

Previous Reports:
Aug. - Sept. 2008

Deidre Berry
Email: deidre@HomesOfTheShoals.com
Web: http://HomesOfTheShoals.com

The search for Florence, AL homes for sale starts right HERE!