Home Sale Activity Homewood, Alabama May 2008

The Real Estate market in Homewood has really picked up with 53 homes closing in the month of May. This was up from 31 closings in both March and April and 19 closings at the lowest point in October of 2007. The average salesprice was $287,279 with prices ranging from $77,870 for a 1 bedroom, 1 bath condo at the Hermitage to $958,000 for a 4 bedroom, 3.5 bath Spanish Style home in Hollywood. Currently there are 363 Homes on the market which represents a 6.84 month supply (down from 11.41 in April).

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