Alabama Center for Real Estate

The area was Alabama's fastest selling market in January. 

December residential sales in the area increased 37.7% year-over-year (Y/Y) from 175 to 241 closed transactions.

November residential sales in the area increased 10.9% year-over-year (Y/Y) from 156 to 173 closed transactions.

January residential sales increased 18.2% year-over-year from 457 to 540 closed transactions.

Total homes listed for sale in December declined 49.1% year-over-year from 2,626 to 1,337 listings.

Total sales in the area are now up 10.8% year-to-date.

The Baldwin County condo median sales price in December was $398,000, an increase of 8.7% from one year ago and an increase of 0.7% from November.

Condos sold in November averaged 64 days on the market (DOM), 9 days faster than one year ago. 

January home sales in the Birmingham area increased 22.3% year-over-year (Y/Y) from 973 to 1,190 closed transactions, marking eight consecutive months of Y/Y gains.

December home sales in the Birmingham area increased 28.2% year-over-year (Y/Y) from 1,229 to 1,575 closed transactions.

Months of supply (inventory to sales ratio) decreased from 4.2 to 2.7, reflecting a market where sellers generally have elevated bargaining power.

January residential sales in the area (Calhoun, Cleburne, and Talladega Counties) increased 19.9% year-over-year (Y/Y) from 131 to 157 closed transactions.

December residential sales in the area (Calhoun, Cleburne, and Talladega Counties) decreased 0.7% year-over-year (Y/Y) from 150 to 149 closed transactions.

Home sales in the area are up almost 24% year-to-date. 

Alabama Center for Real Estate Research Coordinator Stuart Norton shares data and insights on the Alabama residential real estate market for transactions closed in October 2020.

Alabama Center for Real Estate Data Analytics Coordinator Stuart Norton shares data and insights on the Alabama residential real estate market for transactions closed in September 2020.

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.

January residential sales increased 24.6% year-over-year from 69 to 86 closed transactions.

January residential sales increased 24.6% year-over-year from 69 to 86 closed transactions.

December residential sales increased 69.6% year-over-year from 69 to 117 closed transactions.

Total homes listed for sale in January declined 51.5% year-over-year from 688 to 334 listings.

December residential sales in the Dothan area increased 39.8% year-over-year from 113 to 158 closed transactions.

 Total homes listed for sale in November declined 45.5% year-over-year from 728 to 397 listings.

January residential sales in the Gadsden area increased 15.8% year-over-year from 57 to 66 closed transactions.

December residential sales in the Gadsden area increased 20.5% year-over-year from 78 to 94 closed transactions.

Following regional trends but to a greater degree, total homes listed for sale in November decreased 47.6% year-over-year from 387 to 203 listings.

Months of supply decreased from 1.5 to 1.0, reflecting a market where sellers generally have elevated bargaining power.

December home sales in the Huntsville area increased 26.9% year-over-year from 683 to 867 closed transactions.

The Air Force notified Governor Kay Ivey that the preferred site for United States Space Command will be Redstone Arsenal, located in Huntsville, Alabama.

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.

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

Homes sold in January averaged 116 days on the market (DOM), 48 days faster than January 2020.

Months of supply decreased from 6.6 to 3.6, reflecting a market where sellers generally have elevated bargaining power.

November residential sales (waterfront and non-waterfront) increased 73.2% year-over-year and are now up 16.6% year-to-date. 

Lake homes sold in January averaged 167 days on the market (DOM), 54 days faster than January 2020. 

Home sales along the waterfront were up 30.6% year-over-year in 2020. 

November waterfront sales increased 105.9% year-over-year from 17 to 35 closed transactions.

January residential sales in the Auburn-Opelika area increased 37.5% year-over-year from 128 to 176 closed transactions.

December residential sales in the Auburn-Opelika area increased 24.4% year-over-year from 156 to 194 closed transactions.

Homes sold in November averaged 69 days on the market (DOM), 29 days faster than November 2019.

January residential sales increased 49.2% year-over-year (Y/Y) from 61 to 91 closed transactions, marking nine consecutive months of Y/Y gains.

December residential sales increased 44.4% year-over-year from 72 to 104 closed transactions.

November residential sales increased 58.7% year-over-year from 63 to 100 closed transactions.

Months of supply dropped from 3.8 to 1.4, reflecting a market where sellers generally have elevated bargaining power.

December home sales in the area increased 2.2% year-over-year (Y/Y) from 407 to 416 closed transactions.

November home sales in the area increased 25.6% year-over-year and are now up 12.8% year-to-date. 

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.

January home sales in the area increased 21.1% from 294 to 356 closed transactions.

December home sales in the area increased 24.5% from 396 to 493 closed transactions.

November home sales in the area increased 37.6%, bringing the year-to-date total to 14.5%.

January residential sales in the Decatur area (Morgan and Lawrence Counties) increased 31.3% year-over-year from 99 to 130 closed transactions.

Total homes listed for sale in December declined 44.6% year-over-year from 289 to 160 listings.

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

December marked 17 consecutive months of year-over-year increases in new home sales in the state.

Christopher Lee, president and CEO of CEL & Associates, will be speaking at the 21st annual commercial real estate conference (ACREcom) on February 26, 2021.

January new home sales in the state increased 14.7% year-over-year (Y/Y) from 652 to 748 closed transactions, marking 18 consecutive months of Y/Y gains.

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.

Homes sold in January averaged 36 days on the market (DOM), 79 days faster than January 2019.  

Homes sold in December averaged 34 days on the market (DOM), 81 days faster than December 2019.

Home sales in the area increased 11% year-over-year. 

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.

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 January declined 59.2% year-over-year from 718 to 293 listings.

December residential sales increased 20.5% year-over-year from 161 to 194 closed transactions.

Home sales in the area are up almost 18% year-to-date. 

January home sales in the state increased 17.2% year-over-year (Y/Y) from 4,122 to 4,829 closed transactions, marking eight consecutive months of Y/Y gains.

December home sales in the state increased 24.2% year-over-year from 5,116 to 6,355 closed transactions.

November new home sales in the state increased 19.8% year-over-year (Y/Y) from 713 to 854 closed transactions, marking 17 consecutive months of Y/Y gains.

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 ...

January home sales in the area increased 31.2% year-over-year (Y/Y) from 173 to 227 closed transactions, marking eight consecutive months of Y/Y gains.

Homes sold in December averaged 43 days on the market (DOM), 18 days faster than December 2019. 

November home sales increased 25.1% year-over-year (Y/Y) from 187 to 234 closed transactions, marking six consecutive months of Y/Y gains.

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 ...

January residential sales decreased 10.9% year-over-year from 101 to 90 closed transactions, ending 7 consecutive months of Y/Y gains.

December residential sales increased 40% year-over-year from 90 to 126 closed transactions, marking 7 consecutive months of Y/Y gains.

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