MOBILE COUNTY REAL ESTATE STATISTICS - January 2008

We have compiled the monthy statistics based on the numbers found in the GulfCoast MLS system. The reports can be found on our Active Rain Blog - http://activerain.com/blogsview/387496/Mobile-County-Real-Estate

Mobile is poised to be the fastest growing economy for the next 5 years according to Moody's Economy.com research as reference in a recent Forbes magazine article - http://www.forbes.com/2008/01/30/economy-cities-alabama-biz-cx_bw_0130econcities.html. This news is should be great for the Mobile Real Estate market.

Buoyed by this great news, we are not too discouraged by January's Real Estate statistics. According to the numbers in the GulfCoastMLS, Mobile county showed a decrease in median sales price, a decrease in the number of units sold, an increase in the number of homes available for sale, an increase in the number of days on market and and increase in the number of months supply of homes. We feel that January is traditionally a slow month and as a result most of the sales numbers were down. We anticipate that February will be much better and feel that the spring and summer months will bring more buyers to our area.

Please feel free to contact us if you have any questions. Our website is http://www.gulfregionproperties.com/