Market Update For Week Ending March 21, 2020
Here are some highlights of the most recent comprehensive housing data we have for North Alabama for the week ending March 21, 2020:
- New listings remained above our 3-month average at 349 homes listed.
- The number of pending home sales showed a slight gain week over week, but also was above our 3-month average at 355 pending.
- Inventory continues to decline as total inventory is down nearly 20%
SINGLE FAMILY
For the week ending March 21:
- New Listings decreased 0.9% to 349
- Pending Sales increased 34.0% to 355
- Inventory decreased 20.2% to 2,541
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 21:
- New Listings increased 14.3% to 16
- Pending Sales increased 25.0% to 15
- Inventory decreased 44.6% to 82
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
