Market Update For Week Ending March 28, 2020
Here are some highlights of the most recent comprehensive housing data we have for North Alabama for the week ending March 28, 2020:
- New listings increased 10.5% week-over-week, staying above our 3-month average at 358 homes listed.
- The number of pending home sales decreased week over week, but stayed above the 3-month average at 329 pending.
- Inventory continued to declined 20% week-over-week
SINGLE FAMILY
For the week ending March 28:
- New Listings increased 10.5% to 358
- Pending Sales increased 11.5% to 329
- Inventory decreased 20.0% to 2,572
For the month of February:
- Median Sales Price increased 11.1% to $199,900
- Days on Market decreased 21.4% to 55
- Pct of List Price Rec’d increased 0.6% to 98.1%
- Months Supply decreased 24.1% to 2.2
TOWNHOUSE/CONDO
For the week ending March 28:
- New Listings decreased 5.9% to 16
- Pending Sales decreased 35.7% to 9
- Inventory decreased 40.7% to 86
For the month of February:
- Median Sales Price decreased 10.9% to $132,000
- Days on Market decreased 61.9% to 24
- Pct of List Price Rec’d increased 1.6% to 99.2%
- Months Supply decreased 44.8% to 1.6
