Alabama real estate outlook softens during 2Q, overall outlook remains steady

This survey projects expectations for the second quarter of 2016. The scale ranges from 0-100 with 0 being much worse, 100 being much better, and 50 indicating no change expected.

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The professional real estate community’s outlook for second quarter 2016 cooled somewhat over last years’ robust expectations. All of the overall residential and commercial indicators remain quite positive, comfortably over 50 but down somewhat from last year levels. The indicators indicate positive expectations for second quarter sales activity. In the aggregate the indicators suggest continued expansion expected.

The overall Total Stat, which combines all measures, is at 57, quite positive yet down 3 points from last year. The availability of credit is now rated at 51, a slight improvement from prior quarters.

This quarter showed expected seasonal expansion from prior quarters’ growth expectations. The overall total score improved by 3 from last quarter to 57, yet down by 3 from last year.

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