Alabama Center for Real Estate

Properties sold 10 days faster than one year ago. 

Homes sold in September averaged 18 days on the market (DOM), 25 days faster than September 2019. 

Homes sold in August averaged 37 days on the market (DOM), 4 days faster than August 2019.

October residential sales increased 29% year-over-year from 603 to 778 closed transactions.

Homes sold in September averaged 73 days on the market (DOM), 4 days faster than September 2019.

Months of supply (inventory to sales ratio) decreased from 4.2 to 2.1, reflecting a market where sellers generally have elevated bargaining power.

Total condos listed for sale in October declined 42.6% year-over-year from 692 to 397 listings.

Total condos listed for sale in September declined 41.9% year-over-year from 735 to 427 listings.

August condominium sales increased 72.1% year-over-year from 129 to 222 closed transactions.

Months of supply (inventory to sales ratio) decreased from 4.0 to 2.6, reflecting a market where sellers generally have elevated bargaining power.

Homes sold in September averaged 26 days on the market (DOM), 14 days faster than September 2019.

Homes sold in August averaged 27 days on the market (DOM), 5 days faster than August 2019. 

Homes sold in October averaged 53 days on the market (DOM), 1 days slower than October 2019. 

Total homes listed for sale in September decreased 16.5% year-over-year from 720 to 601 listings.

August residential sales in the area (Calhoun, Cleburne, and Talladega Counties) increased 2.5% year-over-year (Y/Y) from 199 to 204 closed transactions.

A fourth quarter 2019 overview of residential market trends in Cherokee, Covington, Jackson, Monroe, and Talladega Counties.  

A 3Q19 review of Alabama's small residential markets.

A 2Q19 review of Alabama's small residential markets.

A 1Q19 review of Alabama's small residential markets.

Although Alabamians pay their property taxes in October, taxes are on everyone’s mind as federal and state income tax returns are due in April.

Alabama was not immune to the permit slowdowns seen nationally and within the south region.

October residential sales increased 4.2% year-over-year from 95 to 99 closed transactions.

Total homes listed for sale in September declined 55.1% year-over-year from 472 to 212 listings.

Total homes listed for sale in August declined 45.1% year-over-year from 446 to 245 listings.

Months of supply declined from 6.0 to 2.6, reflecting a market where sellers generally have elevated bargaining power. 

September residential sales in the Dothan area increased 30.6% year-over-year from 160 to 209 closed transactions.

Months of supply declined from 5.2 to 3.1, reflecting a market where sellers generally have elevated bargaining power.

Total homes listed for sale in October decreased 46.7% year-over-year from 403 to 215 listings.

September residential sales in the Gadsden area increased 19.8% year-over-year from 91 to 109 closed transactions.

Months of supply dropped from 4.1 to 1.8, reflecting a market where sellers generally have elevated bargaining power.

After an 18.7% gain (Y/Y) in October, sales are now up 9.2% year-to-date. 

Homes sold in September averaged 17 days on the market (DOM), 17 days faster than September 2019. 

Months of supply decreased from 1.5 to 1.2, reflecting a market where sellers generally have elevated bargaining power. 

The Alabama Center for Real Estate addressed this question by analyzing closed transactions from the state’s metro areas in 2018.

The Alabama Center for Real Estate created these rankings based on median price appreciation in February.

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

Homes sold an average of 64 days faster than one year ago. 

Total homes listed for sale in September declined 36.4% year-over-year from 498 to 317 listings.

One lesson that we all have learned from the coronavirus is that people love to quarantine at Lake Martin.

Total homes listed for sale declined 47.5% year-over-year from 221 to 116 listings.

Months of supply declined from 6.0 to 2.4, reflecting a market where sellers generally have slightly elevated bargaining power.

August waterfront sales increased 47.4% year-over-year from 38 to 56 closed transactions.

Months of supply decreased from 3.9 to 2.9, reflecting a market where sellers generally have elevated bargaining power.

Months of supply decreased from 3.9 to 2.9, reflecting a market where sellers generally have elevated bargaining power.

August residential sales in the Auburn-Opelika area increased 18.5% year-over-year from 205 to 243 closed transactions.

Months of supply dropped from 3.7 to 1.7, reflecting a market where sellers generally have elevated bargaining power. 

September residential sales increased 38.3% year-over-year from 81 to 112 closed transactions.

August residential sales increased 20.2% year-over-year from 99 to 119 closed transactions.

Homes sold in October averaged 38 days on the market (DOM), 14 days faster than October 2019. 

September home sales in the area increased 19.5% year-over-year (Y/Y) from 385 to 460 closed transactions.

Homes sold in August averaged 52 days on the market (DOM), 11 days faster than August 2019. 

This article provides a preview of closed sales activity during May 2020, which provides limited insight regarding the impact of the pandemic to residential sales activity. 

Falling interest rates helped offset rising home prices, leading to a slight gain in home affordability from one year ago. 

The Alabama Statewide Housing Affordability Index (AHAI) decreased 0.75% 3Q19 to 199.5 when compared to Q2’s score of 201.0.

After a 41% gain from one year ago, sales in the area are now up 12.5% year-to-date. 

Homes sold in August averaged 92 days on the market (DOM), 1 days slower than August 2019.

Homes sold in October averaged 39 days on the market (DOM), 2 days faster than October 2019.

Homes sold in September averaged 37 days on the market (DOM), 21 days faster than September 2019.

Homes sold in July averaged 44 days on the market (DOM), 11 days faster than July 2019.

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Listen to ACRE Director of Research KC Conway on the Appraisal Institutte's AI Answers podcast.

New home sales in Alabama increased 33% from one year ago and are now up 22% year-to-date. 

September new home sales in the state increased 20.1% year-over-year from 798 to 958 closed transactions.

New home sales represented 13.1% of all residential sales in Alabama during August, up from 11.9% one year ago.

October residential sales in the Phenix City area increased 55.1% year-over-year from 107 to 166 closed transactions.

September residential sales in the Phenix City area increased 34.8% year-over-year from 112 to 151 closed transactions.

Months of supply (inventory to sales ratio) decreased from 2.5 to 1.5, reflecting a market where seller’s generally have elevated bargaining power.

The Alabama Center for Real Estate created these rankings based on new construction as a percentage of total residential sales during February.

One crucial metric can be used as a tell-all on whether or not the market is strong for income-producing residential properties - Price-to-Rent ratio.

While it will be intriguing to see how statewide real estate performs in 2019, there are five local markets we are keeping our eye on: Phenix City, Mobile, Huntsville, Athens, and ...

October residential sales increased 24.6% year-over-year and 18.4% year-to-date.

September residential sales increased 33.9% year-over-year from 192 to 257 closed transactions.

Homes sold in August averaged 62 days on the market (DOM), 4 days faster than August 2019. 

Total residential sales are now up almost 11% year-to-date after rising over 30% (Y/Y) in October. 

Significant gains in median sales price were offset somewhat by falling mortgage rates. 

September home sales in the state increased 21.9% year-over-year from 5,510 to 6,719 closed transactions.

The Birmingham area was Alabama's fastest selling market in January with a DOM average of 41 days. 

The Birmingham area was Alabama's fastest selling market in December with a DOM average of 38 days. 

According to the Alabama Housing Affordability Index for the 2Q19, there were five metro areas identified as cities where the average Alabamian making roughly $65,000 a year can afford to own a ...

October home sales in the area increased 24.5% year-over-year (Y/Y) from 212 to 264 closed transactions, marking five consecutive months of Y/Y gains.

Homes sold in September averaged 39 days on the market (DOM), 16 days faster than September 2019. 

The 35 new homes sold represented 12.1% of total residential sales in August.

A prolonged slowdown in new construction activity at the nationwide level could be interpreted as a warning sign for Alabama’s new construction market, although the downturn would not hit Alabama until ...

The Alabama Center for Real Estate created these rankings based on total single family building permits in 2018.

There are two ways to address the Tenant Improvement Allowance, a very important component of your office lease.

Homes sold in October averaged 76 days on the market (DOM), 23 days faster than October 2019.

Total homes listed for sale in August declined 47.9% year-over-year from 493 to 257 listings.

Sales increased 13.9% from June, and after the significant gain in July, sales are now up 20.3% year-to-date.