Alabama Center for Real Estate

Area sales are down 5.3% year-to-date, and are likely to decline (Y/Y) in the months ahead because of slowing economic activity related to the pandemic.

Months of supply increased from 1.9 to 2.0, reflecting a seller’s market in the area. 

Danielle Hale, chief economist for Realtor.com, recently released a revised economic and housing forecast. 

New home sales represented 15.7% of all residential sales in May, up from 12.4% one year ago.

Months of supply (inventory to sales ratio) increased from 4.1 to 4.3, reflecting a market where seller’s generally have increased bargaining power.

New home sales represent a significant portion of all residential sales nationwide, usually around 10-12%.

Total condos listed for sale in May declined 13.2% year-over-year from 751 to 652 listings.

Sales are down 11.6%% year-to-date, and future demand is likely to soften due to the growing economic impact of the COVID-19 pandemic.

Total sales are up slightly on the year, but are likely to moderate due to the coronavirus pandemic. 

The median sales price in May was $244,000, an increase of 3.8% from one year ago and a decrease of 0.4% from April.

Sales are up slightly year-to-date, but are likely to moderate amid the economic impact of the pandemic. 

Sales are up 2.9% year-to-date, but are likely to moderate amid the COVID-19 pandemic. 

Months of supply (inventory to sales ratio) dropped from 3.9 to 3.8, reflecting a market where sellers generally have elevated bargaining power.

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. 

Area sales are up 20.5% year-to-date, but are likely to moderate in the months ahead due to slowing economic activity related to the coronavirus pandemic.

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.

Total homes listed for sale in May declined 28.5% year-over-year from 481 to 344 listings.

As anticipated, home sales across the state and in the Cullman area declined in April due to the economic impact of the pandemic. 

Sales are now up 28.8% year-to-date, but are likely to moderate due to the COVID-19 pandemic.

Year-to-date sales (686) are equal to one year ago, but are likely to moderate amid the economic impact of COVID-19.

While sales are up on the year, they are likely to moderate due to the economic impact of COVID-19. 

Sales are up 10.3% year-to-date, but are likely to moderate in the months ahead due to the economic impact of COVID-19.

As expected, April home sales were down in the area but sales prices remain stable.  

Residential sales growth was quite strong in the first quarter, but sales are likely to moderate in the months ahead due to the economic impact of COVID-19.

Following seasonal trends, sales increased 6.8% from April.

Sales activity in the area slowed from April 2019, but the median sales price increased from one year ago. 

While first quarter sales growth was very strong, it is likely that the coronavirus pandemic will slow residential sales activity in the months ahead. 

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 in May averaged 137 days on the market (DOM), 7 days faster than May 2019.

I ask my buyers to try to fill in the blanks on sentences like, “If nothing else, when I am at my lake house I want to be able to : ...

While sales activity declined in the area in April, sales prices remained somewhat stable as they increased slightly from the prior month. 

Lake homes sold in May averaged 124 days on the market (DOM), 10 days faster than May 2019.

Waterfront home sales are up on the year, but are likely to moderate due to the growing economic impact of the pandemic. 

The Lake Martin area is home to two very different residential markets: “the waterfront” and the “off the water” markets.

The area’s median sales price in May was $261,900, an increase of 11.5% from one year ago and an increase of 1.7% from April.

Sales are now up 6.7% year-to-date, but sales activity is likely to slow in the months ahead due to the growing economic impact of the COVID-19 pandemic.

Lee County was one of only two metro areas in the state with an inventory gain (properties listed for sale) from March 2019. 

Homes sold in May averaged 81 days on the market (DOM), 7 days faster than May 2019. 

Sales are now up 3.6% year to date, but are likely to moderate amid the growing economic impact of the COVID-19 pandemic.

With an average of 54 days on the market, Marshall County was the fastest-selling non-metro area in the state during March. 

Homes listed for sale decreased 40.6% from 1,471 listings one year ago to 874 in May.

Months of supply dropped from 3.4 to 2.1, reflecting a seller’s market in the area.

Sales growth during the first quarter was solid at 7.3%, but future results are clouded by the economic impact of the coronavirus. 

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.

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 ...

Sales are now down 2.1% year-to-date, and are likely to moderate due to the growing economic impact of COVID-19.

Months of supply decreased from 4.2 to 3.6, reflecting a seller’s market in the area.

Going forward, sales activity is likely to slow somewhat, while home sales prices should remain stable. 

Total homes listed for sale in May declined 43.8% year-over-year from 354 to 199 listings.

April sales were six units, or 4%, below the Alabama Center for Real Estate’s (ACRE) monthly forecast.

Sales activity in the area is down on the year, but home sales prices are expected to remain stable. 

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

The list is comprised from an annual study conducted among the Counselors’ members and is intended to bring attention to the trends and burgeoning issues most impacting the commercial real estate ...

According to recent data from the U.S Census Bureau, the number of adults living with a parent or grandparent hit 32 million in April, a record high.

New construction sales increased in seven of the 11 markets reporting closed sales activity for May.

Buyers are incentivized by historically low rates, but finding (and financing) that new house has become somewhat more challenging in the COVID era. 

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

Total homes listed for sale in May declined 28.9% year-over-year from 398 to 283 listings.

Residential markets nationwide and in Alabama faced inventory shortages for several years before the pandemic, and one of the more notable outcomes thus far is the effect on residential listings. ...

Months of supply (inventory to sales ratio) increased from 2.8 to 3.0, reflecting a seller’s market in the area.

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 ...

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 ...

Months of supply declined from 4.1 to 2.6, reflecting a market where sellers generally have elevated bargaining power.

Home sales in the area are up 22% year-to-date, but are likely to moderate due to the growing economic impact of the pandemic. 

While sales are up almost 20% year-to-date, they are expected to moderate in future months due to the coronavirus pandemic. 

Sales are now down slightly (-0.2%) year-to-date, and are likely to decline in the months ahead due to the growing economic impact of the COVID-19 pandemic.

The Alabama Housing Finance Authority (AHFA) has taken action to help Alabama families affected by the COVID‐19 pandemic by reopening Hardest Hit Alabama (HHA). 

Economic data from April 2020 showed a quick decline in overall business activity across the nation.

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. 

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

Homes listed for sale decreased 16.2% Y/Y from 820 listings one year ago to 687 in May.

Area home sales slowed in April due to the growing impact of COVID-19. 

The area's median sales price is up almost 4% year-to-date. 

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 May averaged 81 days on the market (DOM), 24 days faster than May 2019.

Homes sold in April averaged 96 days on the market (DOM), 6 days faster than April 2019.

Area sales were stong during the first quarter, up 31.5% from Q1 2019, but are likely to moderate amid the coronavirus pandemic.