Alabama home sales rise 15.4 (10) percent in April

BIRMINGHAM, Alabama — Home sales across Alabama totaled 3,497 last month, a 15.4 percent improvement from a year ago.

Last month’s average selling price was $143,324, up 3 percent from April 2011, while the median price was flat at $121,310, according to data from the Alabama Center for Real Estate at the University of Alabama.

There was a caveat in the sales results, Grayson Glaze, ACRE’s executive director, said.

ACRE estimates that about 150 home sales that were scheduled to close in April 2011 were unable to do on the 27th through the 30th of that month because of the deadly tornado outbreak in the state.

Many of those transactions were pushed into May while some of the homes were destroyed, making those sales null and void, he said.

“But for the events of April 27th, the comparative figure in April 2011 would have been greater and thus the percent growth from April 2012 to April 2011 lower – we calculate it at roughly 10 percent,” Glaze said in a statement. “This is still significant progress for our statewide real estate market and consistent with our 2012 forecasts.”

Nationwide, existing home sales rose 3.4 percent in April, the National Association of Realtors said today.

via Alabama home sales rise 15.4 percent in April | al.com.

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