Daphne Home Prices Drop Again in Feb

List prices for Daphne homes on the market and those pending sale were pretty steady compared with January figures. Sold homes, however, dropped from an average of $220,071 (or $99.89/ square foot) to $191,312 in January ($82.13/sq foot). This represents a fifteen percent loss in one month; certainly something that has not and should not become a trend. On the positive side of the ledger, these sold homes spent 99 days on the market as compared with 126 days in January. With the national housing scene as chaotic as it is, Mobile and the Eastern Shore have done relatively well. We’ll keep our eyes on activity in March to see how this Spring shapes up. It is a great time to view the inventory of available homes with prices so low and the selection so good!