Alabama Center for Real Estate

July residential sales in the area increased 24.3% year-over-year (Y/Y) from 189 to 235 closed transactions.

Months of supply decreased from 2.0 to 1.2, reflecting a market where sellers generally have elevated bargaining power.

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

After declining sales activity (Y/Y) in April and May, sales rebounded in June and July.

According to the Baldwin Realtors, June residential sales increased 31.4% year-over-year from 672 to 883 closed transactions.

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

After the significant gain in July, condo sales are now up 4.2% year-to-date.

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

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

After Y/Y declines in April and May, sales rebounded with gains in June and July. Residential sales in the area are now up 0.4% year-to-date.

June home sales in the Birmingham area increased 10.1% year-over-year from 1,581 to 1,741 closed transactions.

July residential sales in the area (Calhoun, Cleburne, and Talladega Counties) increased 29% year-over-year (Y/Y) from 183 to 236 closed transactions.

June sales were 1 unit, or 0.6%, above the Alabama Center for Real Estate’s (ACRE) monthly forecast.

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

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 August declined 45.1% year-over-year from 446 to 245 listings.

Largely a result of pent-up demand, sales increased 34.1% from June. Sales are now up 6.5% year-to-date.

Sales are now up 3.2% year-to-date, but are likely to moderate due to the growing economic impact of COVID-19.

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

Months of supply declined from 5.3 to 2.4, reflecting a market where sellers generally have elevated bargaining power.

Total homes listed for sale in June declined 42.3% year-over-year from 873 to 504 listings.

According to the Etowah-Cherokee Association of Realtors, July residential sales in the Gadsden area decreased 5.1% year-over-year from 98 to 93 closed transactions.

Homes sold in June averaged 86 days on market, 14 days faster than June 2019.

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.

Homes listed for sale decreased 16.9% from 1,231 to 1,23 listings. Months of supply decreased from 1.4 to 1.1, reflecting a market where sellers generally have elevated bargaining power. 

Months of supply decreased from 1.5 to 1.1, reflecting a market where sellers generally have elevated bargaining power. 

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

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.

Total homes listed for sale in August declined 36.5% year-over-year from 540 to 343 listings.

July 2020 was a really big month for waterfront home sales at Lake Martin, Alabama.

Total homes listed for sale in July declined 34.7% year-over-year from 568 to 371 listings. Months of supply decreased from 6.2 to 3.2, reflecting a market where sellers generally have elevated ...

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

According to the Lake Martin Area Association of Realtors, July waterfront sales increased 30.9% year-over-year from 55 to 73 closed transactions.

July residential sales in the Auburn-Opelika area increased 36.6% year-over-year from 224 to 306 closed transactions.

According to the Lee County Association of Realtors, June residential sales in the Auburn-Opelika area increased 42.9% year-over-year from 182 to 260 closed transactions.

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.

Homes sold in July averaged 61 days on the market (DOM), 8 days faster than July 2019.

Months of supply dropped from 4.6 to 1.9, reflecting a  market where sellers generally have elevated bargaining power.

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

Sales were up 4.1% from June and are now up 9.8% year-to-date.

According to the Mobile Area Association of REALTORS, June home sales in the area increased 21.9% year-over-year from 465 to 567 closed transactions.

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

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.

According to the Montgomery Area Association of REALTORS, June home sales in the area increased 32.1% from 452 to 597 closed transactions. Sales were up 31.5% from May, largely as a ...

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

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

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.

The conditions for the 25% quartile struggling to make rent and mortgage payments are not making their way into the housing headlines and are being overlooked by the homebuilding industry and ...

Twelve of the fifty largest metropolitan areas in the United States have reached the January recovery baseline according to the Realtor.com

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

New homes sold in July averaged 58 days on the market (DOM), 14 days faster than one year ago.

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. 

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.

Sales increased 50% from June and are now up 10.2% year-to-date.

Months of supply (inventory to sales ratio) decreased from 2.6 to 1.8, 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 ...

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

Total homes listed for sale in July declined 45.5% year-over-year from 817 to 445 listings. Months of supply declined from 4.2 to 1.8, reflecting a market where sellers generally have elevated ...

Total homes listed for sale in June declined 46.1% year-over-year from 840 to 453 listings. Months of supply declined from 4.4 to 1.7, reflecting a market where sellers generally have elevated ...

Homes listed for sale decreased 27.9% from 21,865 listings one year ago to 15,772 in July.

Although median family incomes were on the rise in 7 of 12 metro areas, and rates on a 30-year fixed mortgage are nearing historic lows (composite rate of 3.23% in Q2 2020), ...

June residential sales in the Decatur area (Morgan and Lawrence Counties) increased 15.8% year-over-year from 146 to 169 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 ...

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

After rebounding in June, residential sales in the area increased again (Y/Y) in June.

June home sales in the area increased 29% year-over-year (Y/Y) from 248 to 320 closed transactions.

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.

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

Months of supply declined from 5.0 to 2.1, reflecting a market where sellers generally have elevated bargaining power.

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