Homeowners perhaps looking for a tax break are moving to Lee County, AL. There's been a huge jump in Lee County residential sales lately.
According to the Alabama Center for Real Estate Sales, last month sales were up 29% from last year, and up 14% year-to-date which is consistent with statewide sales growth.
Over 160 units sold last month.
NBC 38 spoke with Lee County Association of Realtors Sylvia Paul about the dramatic rise.
"Interest rates are starting to creep up. I think a lot of buyers knew that it was coming. I didn't know when it was going to come and within a month it's gone up more than a percent. So people that are out there that know that it's a good time to buy they're looking. There's finally people that are sitting on the fence (that) are stating the fact that they need to go and find something, put something on contract because they do see that the interest rates are going up. I think that provides a lot of people to get motivated. The other thing is that we continuously see new jobs open in Lee County whether it's Auburn or Opelika with the new GE Plant, the other plants in Opelika that are expanding their workforces and the University. You know we always have new professors that come in. We have new graduate students that come in with the new programs," Paul says.
Lee County was also considered the most balanced market in Alabama last month. The median selling price in June was $172,000 dollars, the same as last June.
WLTZ NBC 38
6140 Buena Vista Rd, Columbus, GA 31907, 706-561-3838
GA News Hotline: 706-507-6397
AL News Hotline: email@example.com