Athens (Limestone County)
Athens-area home sales up significantly in February
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.
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Athens-area home sales average 17 days on market in January
The area was Alabama's fastest selling market in January.
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Athens-area home sales up significantly in December
December residential sales in the area increased 37.7% year-over-year (Y/Y) from 175 to 241 closed transactions.
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Baldwin County - All
Baldwin County home sales rise significantly in February
February residential sales increased 23.4% year-over-year (Y/Y) from 535 to 660 closed transactions, marking five consecutive months of Y/Y gains.
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Baldwin County home sales continue to rise in January
January residential sales increased 18.2% year-over-year from 457 to 540 closed transactions.
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Baldwin County home sales continue to rise in December
Total homes listed for sale in December declined 49.1% year-over-year from 2,626 to 1,337 listings.
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Baldwin County - Condo Only
February condo sales in Baldwin County up significantly from one year ago
February condominium sales increased 32.5% year-over-year from 114 to 151 closed transactions.
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January condo sales in Baldwin County up 5% from one year ago
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December condo sales in Baldwin County up 4.8% from one year ago
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.
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Birmingham Metro
Rising home sales continue in the Birmingham area in February
February home sales in the Birmingham area increased 11.1% year-over-year (Y/Y) from 1,126 to 1,251 closed transactions, marking nine consecutive months of Y/Y gains.
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Rising home sales continue in the Birmingham area in January
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.
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Birmingham-area home sales up significantly in December
December home sales in the Birmingham area increased 28.2% year-over-year (Y/Y) from 1,229 to 1,575 closed transactions.
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Calhoun County
Home sales in the Cullman area decline in February
February residential sales decreased 14.4% year-over-year from 76 to 65 closed transactions.
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Calhoun County home sales rise in February
February residential sales in the area (Calhoun, Cleburne, and Talladega Counties) increased 13.2% year-over-year (Y/Y) from 144 to 163 closed transactions.
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Calhoun County home sales up significantly year-over-year in January
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.
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Cherokee County
November 2020 Residential Real Estate Webinar
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.
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October 2020 Residential Real Estate Webinar
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.
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Small Market Update: Fourth Quarter 2019
A fourth quarter 2019 overview of residential market trends in Cherokee, Covington, Jackson, Monroe, and Talladega Counties.
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Covington County
Small Market Update: Third Quarter 2019
A 3Q19 review of Alabama's small residential markets.
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Small Market Update: Second Quarter 2019
A 2Q19 review of Alabama's small residential markets.
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Small Market Update: Quarter 4
A 1Q19 review of Alabama's small residential markets.
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Cullman County
Home sales in the Cullman area up significantly in January
January residential sales increased 24.6% year-over-year from 69 to 86 closed transactions.
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Home sales in the Cullman area up significantly in January
January residential sales increased 24.6% year-over-year from 69 to 86 closed transactions.
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Home sales in the Cullman area up significantly in December
December residential sales increased 69.6% year-over-year from 69 to 117 closed transactions.
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Dothan
Southeast Alabama home sales up significantly in February
February residential sales in the Dothan area increased 30.7% year-over-year (Y/Y) from 101 to 132 closed transactions, marking 6 consecutive months of Y/Y gains.
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January home sales in Southeast Alabama up 7% from one year ago
Total homes listed for sale in January declined 51.5% year-over-year from 688 to 334 listings.
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December home sales in Southeast Alabama up from one year ago
December residential sales in the Dothan area increased 39.8% year-over-year from 113 to 158 closed transactions.
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Gadsden
Gadsden-area home sales decline in February
February residential sales in the Gadsden area decreased 14.8% year-over-year from 81 to 69 closed transactions.
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January home sales in the Gadsden area up from one year ago
January residential sales in the Gadsden area increased 15.8% year-over-year from 57 to 66 closed transactions.
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December home sales in the Gadsden area up from one year ago
December residential sales in the Gadsden area increased 20.5% year-over-year from 78 to 94 closed transactions.
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Huntsville-Madison County
Huntsville-area home sales increase 6% in February
Homes sold in February averaged 20 days on the market (DOM), 20 days faster than February 2020.
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Huntsville-area home sales up 6% year-over-year in January
Months of supply decreased from 1.5 to 1.0, reflecting a market where sellers generally have elevated bargaining power.
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Huntsville area home sales average 17 days on the market in December
December home sales in the Huntsville area increased 26.9% year-over-year from 683 to 867 closed transactions.
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Jackson County
Alabama Counties with the Largest Property Tax Payments in 2018
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.
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New Construction Permits Decline in February 2019
Alabama was not immune to the permit slowdowns seen nationally and within the south region.
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ADDITIONAL CONTRIBUTION BY CHRISTIAN SCHOERNER
What Is the Best Month to Sell a House?
The Alabama Center for Real Estate addressed this question by analyzing closed transactions from the state’s metro areas in 2018.
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Lake Martin Area
Lake Martin area home sales rise in February
February residential sales (waterfront and non-waterfront) increased 52.3% year-over-year (Y/Y) from 44 to 67 closed transactions, marking nine consecutive months of Y/Y gains.
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2020 Was Great For Sales
Was 2020 a peak? Our market cannot sustain this torrid pace forever. We haven’t had a buyers’ market since 2008.
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Lake Martin area home sales up 3% year-over-year in January
Homes sold in January averaged 116 days on the market (DOM), 48 days faster than January 2020.
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Lake Martin - Waterfront Only
Waterfront home sales growth on Lake Martin continues in February
February waterfront sales increased 93.3% year-over-year from 15 to 29 closed transactions.
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Waterfront home sales on Lake Martin down slightly in January
Lake homes sold in January averaged 167 days on the market (DOM), 54 days faster than January 2020.
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Waterfront home sales on Lake Martin continue to rise in December
Home sales along the waterfront were up 30.6% year-over-year in 2020.
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Lee County
February home sales in Lee County up from one year ago
February residential sales in the Auburn-Opelika area increased 11.9% year-over-year from 168 to 188 closed transactions, marking nine consecutive months of Y/Y gains.
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January home sales in Lee County up significantly from one year ago
January residential sales in the Auburn-Opelika area increased 37.5% year-over-year from 128 to 176 closed transactions.
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December home sales in Lee County up from one year ago
December residential sales in the Auburn-Opelika area increased 24.4% year-over-year from 156 to 194 closed transactions.
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Marshall County
Marshall County home sales up significantly in February
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.
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Marshall County home sales up significantly in January
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.
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Marshall County home sales up significantly in December
December residential sales increased 44.4% year-over-year from 72 to 104 closed transactions.
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Mobile Area
Mobile-area home sales continue to rise in February
February home sales in the area increased 17.4% year-over-year (Y/Y) from 333 to 391 closed transactions, marking nine consecutive months of Y/Y gains.
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January home sales in the Mobile area increase 14% from one year ago
Months of supply dropped from 3.8 to 1.4, reflecting a market where sellers generally have elevated bargaining power.
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Mobile-area home sales increase slightly in December
December home sales in the area increased 2.2% year-over-year (Y/Y) from 407 to 416 closed transactions.
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Monroe County
A preview of May 2020 sales activity in select Alabama markets
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.
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Alabama Housing Affordability Increases Slightly in Fourth Quarter
Falling interest rates helped offset rising home prices, leading to a slight gain in home affordability from one year ago.
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How Affordable is Housing in Alabama? (Q319)
The Alabama Statewide Housing Affordability Index (AHAI) decreased 0.75% 3Q19 to 199.5 when compared to Q2’s score of 201.0.
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Montgomery Area
Montgomery-area home sales increase again in February
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.
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January home sales in the Montgomery-area increase from one year ago
January home sales in the area increased 21.1% from 294 to 356 closed transactions.
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Montgomery-area home sales increase from one year ago
December home sales in the area increased 24.5% from 396 to 493 closed transactions.
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Morgan County (Decatur)
Morgan County home sales increase in February from one year ago
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.
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Morgan County home sales increase again in January
January residential sales in the Decatur area (Morgan and Lawrence Counties) increased 31.3% year-over-year from 99 to 130 closed transactions.
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December home sales in the Morgan County area up 10% from one year ago
Total homes listed for sale in December declined 44.6% year-over-year from 289 to 160 listings.
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National
Alabama’s new home sales hit record high in December
December marked 17 consecutive months of year-over-year increases in new home sales in the state.
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Christopher Lee Returns to ACREcom to Discuss Future-Proofing Your Company for Success
Christopher Lee, president and CEO of CEL & Associates, will be speaking at the 21st annual commercial real estate conference (ACREcom) on February 26, 2021.
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What lies ahead for the housing market in 2021?
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New Construction
Alabama's new home sales continue to trend upwards in February
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.
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Alabama’s new home market continues growth in January
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.
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New home sales continue to trend upwards in October
New home sales in Alabama increased 33% from one year ago and are now up 22% year-to-date.
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Phenix City Area
East Alabama home sales increase 13% in March
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.
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East Alabama home sales up slightly in February
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.
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East Alabama home sales average 36 days on market in January
Homes sold in January averaged 36 days on the market (DOM), 79 days faster than January 2019.
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Selma
Top 5 Markets for Home Price Appreciation
The Alabama Center for Real Estate created these rankings based on median price appreciation in February.
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Top 5 Most Improved Markets
The Alabama Center for Real Estate created these rankings based on year-over-year (YoY) growth in total residential sales during February.
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Top 5 Markets for New Construction In February
The Alabama Center for Real Estate created these rankings based on new construction as a percentage of total residential sales during February.
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Shoals Area
Shoals-area home sales rebound in February
February residential sales increased 23.6% year-over-year from 157 to 194 closed transactions.
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Shoals-area home sales down 2% in January
Total homes listed for sale in January declined 59.2% year-over-year from 718 to 293 listings.
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Shoals-area home sales up again in December
December residential sales increased 20.5% year-over-year from 161 to 194 closed transactions.
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Statewide
Alabama’s housing inventory reaches record low in February
Homes listed for sale decreased 44% from 17,770 listings one year ago to 9,950 in February, a record low.
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Alabama home sales grow in January amid tight inventory
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.
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Alabama's real estate market continues growth in December
December home sales in the state increased 24.2% year-over-year from 5,116 to 6,355 closed transactions.
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Talladega County
Alabama's Fastest Selling Markets in January 2020
The Birmingham area was Alabama's fastest selling market in January with a DOM average of 41 days.
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Alabama's Fastest Selling Markets (December 2019)
The Birmingham area was Alabama's fastest selling market in December with a DOM average of 38 days.
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Alabama Cities Where You Can Afford to Buy a Home with $65,000 Annual Income
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 ...
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Tuscaloosa Area
Tuscaloosa-area home sales increase 18% in March
March home sales in the area increased 17.7% year-over-year (Y/Y) from 266 to 313 closed transactions.
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Tuscaloosa-area home sales decline 6% in February
February home sales in the area decreased 5.6% year-over-year (Y/Y) from 232 to 219 closed transactions, ending eight consecutive months of Y/Y gains.
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Tuscaloosa-area home sales up significantly from one year ago
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.
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Walker County
Price-to-Rent Ratio
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.
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additional contribution by Christian Schoerner
Five Alabama Markets to Watch in 2019
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 ...
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Alabama Begins 2019 With Gain in New Single Family Permits
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 ...
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Wiregrass
Wiregrass region home sales increase in February from one year ago
February residential sales increased 14.3% year-over-year from 84 to 96 closed transactions.
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Wiregrass region home sales decline in January from one year ago
January residential sales decreased 10.9% year-over-year from 101 to 90 closed transactions, ending 7 consecutive months of Y/Y gains.
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Wiregrass region home sales continue to rise in December
December residential sales increased 40% year-over-year from 90 to 126 closed transactions, marking 7 consecutive months of Y/Y gains.
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