I've been a licensed Real Estate Agent since January of 2012 and over the last 6 years, the prices of AL Gulf Coast Real Estate has been on a consistent climb with no topping out foreseen.
The graph of Inventory Levels* are the lowest since 2006 with ~650 units for sale in December 2017 compared to an astounding 2,904 in December of 2006!
With the low inventory environment, this brings about reduced days on market as buyers are ready and waiting to pounce when the condo hits the market fitting their personal criteria.
The Average Days On Market(DOM)* for AL Coastal condos is nearly half from one year ago; around 87 days.
With the above factors unfolding before our eyes, this is the breeding grounds for a tremendous spike in prices…