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

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

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.

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

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

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

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.

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