Alabama State Banking Department Information

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Loan Type: Refinance Purchase

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Alabama State Banking Department http://www.banking.alabama.gov/ Supervisor: Mr. John Harrison Superintendent of Banks john.harrison@banking.alabama.gov PO Box 4600 Montgomery, AL 36103-4600 Phone:  (334) 242-3452 Fax:  (334) 242-3500 In 2007, more than 57,000 residential units were sold in the state. That's a 5 percent drop compared to the more than 60,000 units sold in 2006. There was little change in price and average days on the market for the year - $157,008 and 123 days. The year ended with 498,741 homes listed for sale, up more than 24 percent for the same time period in 2006. Home prices dropped more than 4 percent to $154,000 and number of days on the market increased more than 8 percent to 130 days for the month.

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