Alabama Center for Real Estate

The Alabama Center for Real Estate created the following rankings based on average days on market (DOM) for closed transactions during November 2019.

The Alabama Center for Real Estate created these rankings based on year-over-year (Y/Y) growth in total residential sales during October.

This report reconciles the plethora of data and conflicting views to provide the industry with a comprehensive resource for reallocating capital and realigning commercial real estate investment strategies in 2020.

Properties are selling fast in the Tuscaloosa area thus far in 2019. With an average of 56 days on market YTD, the area is the fourth fastest selling market in the state. 

Join ACRE at the 20th Annual Alabama Commercial Real Estate conference at The Club in Birmingham on Friday, February 7.

Join ACRE & BAR at the 4th Annual Alabama Residential Real Estate conference at The Club in Birmingham on Thursday, February 6.

Of the five submarkets in Birmingham’s office market, the midtown market is likely to continue outperforming others in the coming years.

Since 2010, statewide months of supply has slowly dwindled to 4.0 months, and in that same time period median sales price has increased an average of 2% per year. 

The Green Street Commercial Property Price Index gained 0.5% month-over-month in October.