Alabama Center for Real Estate

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

Properties sold 10 days faster than one year ago. 

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.

October residential sales increased 29% year-over-year from 603 to 778 closed transactions.

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. 

Total condos listed for sale in October declined 42.6% year-over-year from 692 to 397 listings.

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.

Months of supply (inventory to sales ratio) decreased from 4.0 to 2.6, reflecting a market where sellers generally have elevated bargaining power.

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. 

Homes sold in October averaged 53 days on the market (DOM), 1 days slower than October 2019. 

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.

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.

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

Months of supply (inventory to sales ratio) declined from 6.3 to 2.4, reflecting a market where sellers generally have elevated bargaining power.

October residential sales increased 4.2% year-over-year from 95 to 99 closed transactions.

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

Months of supply declined from 6.0 to 2.6, reflecting a market where sellers generally have elevated bargaining power. 

September residential sales in the Dothan area increased 30.6% year-over-year from 160 to 209 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.

Total homes listed for sale in October decreased 46.7% year-over-year from 403 to 215 listings.

September residential sales in the Gadsden area increased 19.8% year-over-year from 91 to 109 closed transactions.

Months of supply decreased from 1.7 to 1.2, reflecting a market where sellers generally have elevated bargaining power. 

After an 18.7% gain (Y/Y) in October, sales are now up 9.2% year-to-date. 

Homes sold in September averaged 17 days on the market (DOM), 17 days faster than September 2019. 

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.

The Alabama Center for Real Estate created these rankings based on median price appreciation in February.

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

Homes sold an average of 64 days faster than one year ago. 

Total homes listed for sale in September declined 36.4% year-over-year from 498 to 317 listings.

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

Total homes listed for sale declined 47.5% year-over-year from 221 to 116 listings.

Months of supply declined from 6.0 to 2.4, reflecting a market where sellers generally have slightly elevated bargaining power.

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

Months of supply decreased from 3.9 to 2.9, reflecting a market where sellers generally have elevated bargaining power.

Months of supply decreased from 3.9 to 2.9, reflecting a market where sellers generally have elevated bargaining power.

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

Months of supply dropped from 3.7 to 1.7, reflecting a market where sellers generally have elevated bargaining power. 

September residential sales increased 38.3% year-over-year from 81 to 112 closed transactions.

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. 

Homes sold in October averaged 38 days on the market (DOM), 14 days faster than October 2019. 

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.

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

After a 41% gain from one year ago, sales in the area are now up 12.5% year-to-date. 

Homes sold in August averaged 92 days on the market (DOM), 1 days slower than August 2019.

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

Homes sold in September averaged 37 days on the market (DOM), 21 days faster than September 2019.

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

Industrial and manufactured home parks are the best-performing property types since the beginning of the pandemic. 

The housing sector rebounded somewhat quickly from lows seen earlier in the year, but the overall economy is recovering at a slower pace. 

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.

New home sales represented 13.1% of all residential sales in Alabama during August, up from 11.9% one year ago.

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. 

October residential sales in the Phenix City area increased 55.1% year-over-year from 107 to 166 closed transactions.

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.

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.

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

October residential sales increased 24.6% year-over-year and 18.4% year-to-date.

September residential sales increased 33.9% year-over-year from 192 to 257 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.

Home sales in Alabama increased for the sixth consecutive month in November, rising 23.3% year-over-year.

Total residential sales are now up almost 11% year-to-date after rising over 30% (Y/Y) in October. 

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 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.

October home sales in the area increased 24.5% year-over-year (Y/Y) from 212 to 264 closed transactions, marking five consecutive months of Y/Y gains.

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 ...

The Alabama Center for Real Estate created these rankings based on total single family building permits in 2018.

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

Total homes listed for sale in August declined 47.9% year-over-year from 493 to 257 listings.

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