If you ask around, Lee County residents will tell you just how much they love living here. Now that Lee County’s third quarter 2019 residential report from the Alabama Center for Real Estate (ACRE) has come out, locals have even more reasons to enjoy staying in town. It compares sales in this quarter compared to sales in 2018. Here’s a breakdown of the report—and how the data can help you on your real estate journey.
Home Value Increase
We all want our investments to grow in worth. Fortunately for Lee County residents, that dream is a reality. The median home price can indicate your home’s market value and as locals are about to learn, that means great news. The median home price—and therefore value—recently grew by 4.5 percent!
Growing Sales
Get ready for some more amazing news! According to Lee County’s third quarter 2019 residential report, sellers enjoyed sensational successes. Residential sales grew by a total of 11.7 percent during this time!
Homes on the Market
Buyers love options. Luckily, the report indicates that they had their pick. In fact, during the recorded period, the homes listed on the market increased by 9.7 percent when compared to last year.
Increasing Average Sales Prices
When it comes to selling our homes, we all want to make a profit. Lee County has seen growth in its average home sale prices. The costs have grown by 1.5 percent in the past year and by 14 percent in the past five years. How cool is that?
Average Sales Price
Ever wondered what the average sales price is for a home in Lee County? Based on the report, the answer is about $269,032!
Summary
Lee County is a great place to live, work and play. It’s also a great place to buy or sell, according to Lee County’s third quarter 2019 residential report. Plus, with Ryan Roberts here to help, you can buy, sell, or both with ease.
Ready to get started? We’re ready to assist! Fill out our contact form online to get started. As for learning more about real estate and local Lee County community, don’t forget to check up on our blog here!
