Often, I’m asked, “How is the market doing in 2015 compared to 2014?” In short, I think its doing great! If you look at the graph below provided by the Alabama Center for Real Estate, you can see that February 2015 sales doubled from February 2014. In February 2015, sales were at 14, compared to sales at 7 in February 2014.
The yellow line, represents the inventory levels. The levels are the same, and certainly a lot better than they were in the dark days of 2007. Overall, when you look at the big picture, you can see that supply on the inventory side is similar and demand on the sale side is similar. We are poised for another great year here at Lake Martin.