Local Decatur Al Home Sales followed through a good performing month of April 2010 with an encore. While a repeat performance is certainly good news, especially given the fact that home sales are significantly above our market lows, the current seasonal sales comparatives are even better news: Our 178 May 2010 closings represent a 34.8% increase over the same period of 2009.
Seasonal Trend Lines Looking Good
If you take a look at the seasonal trend lines on the following 5 year chart of Athens/Decatur Home Sales, you will note that after 2 years consecutive year-over-year declines, this month’s performance shows a reversal of this trend with a strong upward movement.
Some Caution is Advised
If we have had a few months of this type of seasonal uptick, the story line would be bright indeed. However, May was the first month that we have seen this type of trend in over 2 years, so it is best to keep in mind that one month’s results do not a trend make.
May 2010 home sales were also influenced by the most recent Tax-Credit which expired April 30th for transactions closed by June 30th. Thus this fact is also contributing to our cautiously optimistic market outlook.
If you are active in the local Decatur Al Real Estate market and have market related questions especially concerning any currently listed home please feel free to email me or call me directly at 256-340-0004 …I will be happy to assist in any way possible.
- Jason
