Friday, July 29, 2011

Alamo Homes for Sale - Progress in Every Market Segment

Homebuyers who are thinking of buying a home in Alamo that the properties are divided into different market segments will notice. Each of these market segments is a market update that comes in different price range. More recently, the neighborhood homes in every market segment continues its pending rate increase sales.

May 2011 as its real estate market for single-family detached homes for 3 consecutive monthly increase in pending sales have already. The total sales of 25 properties which are in fact the highest figure since May 2007 was pending. Inventory of pending sales have risen but at the same rate.

Overall, 25 May pending sale properties 39% higher than April (7 houses) and March compared to 67% (10 houses) is. Inventory declined for 83 of the April 86, before he extended to the end of May 97. Pending inventory relative to sales in May from 4.8 in April and 5.9 months in March dropped to 3.9 months.

Alamo, close to $ 2 million pending sale price of below 92% and 78% in May, made the list. 100% of this market segment was pending sales in April and May. March 23 May 18 April and 15 is increased. Inventory increased from 76 before the end of May had dropped to 65. Relative to the 3.3 months inventory for pending sales have declined progressively from 3.6 in May to 4.6 months in April and May.

However, more than $ 2 million for the property market segment is very little activity. There are 2 pending sales total was only in May. However, compared to 0 in March and April it is still pending sales growth for this market segment. A total of 21 properties in May, sales in this market segment is insulated from April and March 1 were available for growth.

In this neighborhood with the number of homes available for sale, interested homebuyers the option of course is finding the right home in the neighborhood will be satisfied with the number of can.