Twelve homes have sold in Spanish Fort during the month of September with an average sales price of $294,308. and a median sales price of $259,000. The average days on the market for the sold homes is 71.
Presently there are 110 homes on the market in Spanish Fort (I left pre-sales out of my calculations) with an average list price of $337,651. and a median list price of $319,700. The average days on the market for the active listings is 105. The absorbtion rate for September in Spanish Fort is 4.78 including homes that are pending as well as the home that closed. This means Spanish Fort has 4.78 months of inventory on the housing market.
Eleven homes went under contract in Spanish Fort with an average list price of $244,164. and a median list price of $239,900. Eight homes failed to sell with an average list price of $336,550. and a median list price of $327,400.
With the great number of choices that buyers have today, there has never been a better time to buy a home.
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