Alabama Center for Real Estate

Total homes listed for sale in April declined 61.9% year-over-year from 315 to 120 listings, hitting a record low

March residential sales in the area increased 31.6% year-over-year (Y/Y) from 174 to 229 closed transactions, marking ten consecutive months of Y/Y gains.

February residential sales in the area increased 25% year-over-year (Y/Y) from 124 to 155 closed transactions, marking nine consecutive months of Y/Y gains.

Homes sold in May averaged 42 days on the market (DOM) a record low, and 30 days faster than May 2020.

April residential sales increased 67.5% year-over-year (Y/Y) from 507 to 849 closed transactions, marking seven consecutive months of Y/Y gains.

March residential sales increased 38.7% year-over-year (Y/Y) from 695 to 964 closed transactions, marking six consecutive months of Y/Y gains.

May condominium sales increased 107.5% year-over-year from 94 to 195 closed transactions. Sales are now up 22.77% year-to-date. 

April condominium sales increased 225.3% year-over-year from 79 to 257 closed transactions.

March condominium sales increased 94% year-over-year from 151 to 293 closed transactions, a record high.

May home sales in the Birmingham area increased 33% year-over-year (Y/Y) from 1,297 to 1,725 closed transactions, marking 12 consecutive months of Y/Y gains.

April home sales in the Birmingham area increased 35.9% year-over-year (Y/Y) from 1,308 to 1,777 closed transactions, marking 11 consecutive months of Y/Y gains

March home sales in the Birmingham area increased 22.5% year-over-year (Y/Y) from 1,375 to 1,684 closed transactions, marking 10 consecutive months of Y/Y gains.

May residential sales in the area (Calhoun, Cleburne, and Talladega Counties) increased 37.1% year-over-year (Y/Y) from 143 to 196 closed transactions. Sales are now up 18.2% year-to-date

April residential sales in the area (Calhoun, Cleburne, and Talladega Counties) increased 4.4% year-over-year (Y/Y) from 161 to 168 closed transactions. Sales are now up 13.7% year-to-date.

March residential sales in the area (Calhoun, Cleburne, and Talladega Counties) increased 18.2% year-over-year (Y/Y) from 176 to 208 closed transactions.

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.

May residential sales increased 52.5% year-over-year from 80 to 122 closed transactions. Going along with seasonal trends, sales increased 3.4% from April.

April residential sales increased 35.6% year-over-year from 87 to 118 closed transactions.

March residential sales increased 38.6% year-over-year from 83 to 115 closed transactions.

Total homes listed for sale in May declined 59.7% year-over-year from 538 to 217 listings, a record low.

Total homes listed for sale in April declined 64.3% year-over-year from 616 to 220 listings, a record low.

March residential sales in the Dothan area decreased 0.6% year-over-year (Y/Y) from 174 to 173 closed transactions, ending 6 consecutive months of Y/Y gains.

Homes sold in May averaged 42 days on market, a record low and 58 days faster than May 2020.

April residential sales in the Gadsden area increased 14.9% year-over-year from 74 to 85 closed transactions.

March residential sales in the Gadsden area increased 23.7% year-over-year from 93 to 115 closed transactions.

May home sales in the Huntsville area increased 3.9% year-over-year (Y/Y) from 719 to 747 closed transactions, marking 12 consecutive months of Y/Y gains.

April home sales in the Huntsville area increased 11% year-over-year (Y/Y) from 667 to 740 closed transactions, marking 10 consecutive months of Y/Y gains

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.

Total homes listed for sale in May declined 42.9% year-over-year from 424 to 242 listings.

High speed, reliable internet is a necessity of a utility.

April residential sales (waterfront and non-waterfront) increased 69.23% year-over-year (Y/Y) from 52 to 88 closed transactions, marking ten consecutive months of Y/Y gains

 May waterfront sales increased 13.2% year-over-year from 38 to 43 closed transactions. Following seasonal trends, sales increased 30.3% from April. Sales are now up 20% year-to-date.

April waterfront sales increased 10% year-over-year from 30 to 33 closed transactions

March waterfront sales increased 15.2% year-over-year from 33 to 38 closed transactions.

May residential sales in the Auburn-Opelika area increased 50.3% year-over-year from 189 to 284 closed transactions, marking 12 consecutive months of Y/Y gains. Following seasonal trends, sales increased 8.4% from April. ...

April residential sales in the Auburn-Opelika area increased 61.7% year-over-year from 162 to 262 closed transactions, marking eleven consecutive months of Y/Y gains

March residential sales in the Auburn-Opelika area increased 42.8% year-over-year from 180 to 257 closed transactions, marking ten consecutive months of Y/Y gains.

April residential sales increased 33.8% year-over-year (Y/Y) from 71 to 95 closed transactions, marking eleven consecutive months of Y/Y gains

March residential sales increased 25.3% year-over-year (Y/Y) from 87 to 109 closed transactions, marking ten consecutive months of Y/Y gains.

February residential sales increased 29.9% year-over-year (Y/Y) from 67 to 87 closed transactions, marking nine consecutive months of Y/Y gains.

Homes sold in May averaged 22 days on the market (DOM), a record low and 27 days faster than May 2020.

April home sales in the area increased 15.5% year-over-year (Y/Y) from 485 to 560 closed transactions, marking 11 consecutive months of Y/Y gains

March home sales in the area increased 23.4% year-over-year (Y/Y) from 419 to 517 closed transactions, marking 10 consecutive months of Y/Y gains.

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.

Homes sold in May averaged 58 days on the market (DOM) a record low, 37 days faster than May 2020.

April home sales in the area increased 40.3% year-over-year (Y/Y) from 429 to 602 closed transactions, marking eleven consecutive months of Y/Y gains

February home sales in the area increased 32.1% year-over-year (Y/Y) from 333 to 440 closed transactions, marking nine consecutive months of Y/Y gains.

April residential sales in the Decatur area (Morgan and Lawrence Counties) increased 11.9% year-over-year (Y/Y) from 143 to 160 closed transactions, marking eight consecutive months of Y/Y gains. Following seasonal trends, ...

March residential sales in the Decatur area (Morgan and Lawrence Counties) increased 4.1% year-over-year (Y/Y) from 148 to 154 closed transactions, marking seven consecutive months of Y/Y gains.

February residential sales in the Decatur area (Morgan and Lawrence Counties) increased 13% year-over-year (Y/Y) from 100 to 113 closed transactions, marking six consecutive months of Y/Y gains.

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.

April new home sales in the state increased 20% year-over-year (Y/Y) from 814 to 977 closed transactions, marking 22 consecutive months of Y/Y gains.

The March total was the second-highest level on record, with the peak of 1,134 new home sales reached in December 2020.

February new home sales in the state increased 20% year-over-year (Y/Y) from 664 to 797 closed transactions, marking 20 consecutive months of Y/Y gains.

May residential sales in the Phenix City area increased 19.8% year-over-year (Y/Y) from 121 to 145 closed transactions, marking eleven consecutive months of Y/Y gains

March residential sales in the Phenix City area increased 12.8% year-over-year (Y/Y) from 117 to 132 closed transactions, marking 9 consecutive months of Y/Y gains.

February residential sales in the Phenix City area increased 1% year-over-year (Y/Y) from 100 to 101 closed transactions, marking 8 consecutive months of Y/Y gains.

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.

Following seasonal trends, sales increased 14.7% from March. Sales are now up 25.8% year-to-date

March residential sales increased 20.2% year-over-year from 198 to 238 closed transactions.

February residential sales increased 23.6% year-over-year from 157 to 194 closed transactions.

Housing inventory in the state continued to tighten, reaching another record low of 9,363 listings across the state in May, a decrease of 2.3% from April and down 45.1% from one ...

Housing inventory in the state continued to tighten, reaching another record low of 9,582 listings in April, down 1.4% from March and 46.6% from one year ago, also a record decline.   ...

Homes listed for sale decreased 46.4% from 18,122 listings one year ago to 9,721 in March, a record low.

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 ...

Homes listed for sale decreased 42.8% Y/Y from 687 listings one year ago to 393, a record low, in May

It seems like new apartments and condominium developments are being built around every corner.

April home sales in the area increased 42.8% year-over-year (Y/Y) from 243 to 347 closed transactions.

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 ...

May residential sales increased 36.5% year-over-year from 104 to 142 closed transactions.

April residential sales increased 61.9% year-over-year from 97 to 157 closed transactions 

March residential sales increased 9.7% year-over-year from 124 to 136 closed transactions.