New Real Estate Market Data for Daphne Alabama for The Year 2007!

The real estate market in Daphne, Alabama has shown a remarkable resilience compared to other areas of the country. During the year of 2007 four hundred eighty three homes sold in the Daphne zip code with an average sales price of $251,432. and a median sales price of $217,500. The average days on the market was 93 for the year 2007.

During 2006 five hundred and two homes sold, representing a 4% decrease in home sales. The average sales price was $263,461. with a decrease in sales price of 3.7%. The average days on the market in 2006 was 70, meaning it is taking approximately 25% more time to sell a home in 2007 then it did in 2006.

Now is a perfect time for buyers to buy with interest rates low and many choices of homes on the market, however homes that are in very good condition, in a good location that are priced right are still moving very quickly.