Market Update For Week Ending April 4, 2020
Here are some highlights of the most recent comprehensive housing data we have for North Alabama for the week ending April 4, 2020:
- New listings increased week-to-week and 4.4% year-over-year, staying above our 3-month average at 381 homes listed.
- The number of pending home sales increased week-over-week to 330
- Inventory continued to drop, at 2,555 single family homes, a 19.8% drop year-over-year
SINGLE FAMILY
For the week ending April 4:
- New Listings increased 4.4% to 381
- Pending Sales increased 3.1% to 330
- Inventory decreased 19.8% to 2,555
For the month of March:
- Median Sales Price increased 12.0% to $214,999
- Days on Market decreased 26.5% to 50
- Pct of List Price Rec’d increased 0.3% to 98.3%
- Months Supply decreased 27.6% to 2.1
TOWNHOUSE/CONDO
For the week ending April 4:
- New Listings increased 9.1% to 12
- Pending Sales decreased 55.6% to 8
- Inventory decreased 31.4% to 94
For the month of March:
- Median Sales Price decreased 4.9% to $150,000
- Days on Market decreased 21.4% to 33
- Pct of List Price Rec’d increased 2.8% to 99.7%
- Months Supply decreased 41.9% to 1.8
