The marketing conditions in the Lillian, Alabama area indicates an increase in active listings and an increase in the months of housing supply (total listings/absorption rate) which could jeopardize local property values.
Over the past 12 months (13 June 2009 to 13 June 2010), there has been a reduction of 63% in sales (88 sales in the past 12 months), resulting in an over 20 months absorption rate (115+ active listings at this posting).
The active listings and housing sales primarily range from $29,900+ to $999,000+, including manufactured homes, colonial, contemporary, cottage, ranch, and other accepted local styles.
The median sale price percentage is 92.616% to 94.299% when comparing to asking list prices. Properties will move quicker if asking prices are competitive. So, unless competitively priced, be patient, a rising absorption rate will result in longer times when selling your home within Lillian, Alabama.
Contact Cheney Appraisal Services for additional information by telephoning (251) 533-2424 or email your comments and questions to Albert@CheneyAppraisalServices.com.
![BLOGphoto-PottersMillDaphne-Entrance-11232009 [02]](http://www.realtyleaders.biz/wp-content/uploads/2010/01/blogphoto-pottersmilldaphne-entrance-1123200902.jpg)
Daphne, Alabama, “The Jubilee City,” was established in 1874 (incorporated in 1927). Daphne has a rich heritage and community spirit with a small town desirable ambiance.![BLOGphoto-PottersMillDaphne-House-11232009 [03]](http://www.realtyleaders.biz/wp-content/uploads/2010/01/blogphoto-pottersmilldaphne-house-1123200903.jpg)
The Potters Mill subdivision (entrance photo above) is only one residential development of many to choose from in Daphne and its surrounding areas. Asking prices for homes are from low to high, and will fit any household budget. Daphne, Alabama and the Eastern Shore are worth your time of research and, hopefully, a visit.