Using percent change from 2016 to 2017 to compare Alabama's residential markets
Annual Trends in Alabama's Residential Real Estate Markets
Topics: Research, Residential Real Estate
Markets: Baldwin County - All, Birmingham Metro, Dothan, Gadsden, Lake Martin Area, Montgomery Area
The following graphs were created using annual data from 2016 and 2017. Local markets are ranked by percent change from year to year. Each graph also contains statewide and national percent changes for context and comparison.
Total residential sales increased year-over-year in 16 of 18 Alabama residential markets.
Median sales price increased year-over-year in 14 of 18 Alabama residential markets.
The average number of days on the market decreased in every residential market except one. Notice how all but two markets outperformed the national DOM average.
Inventory is down in every residential market in Alabama.
Average months of supply is also down year-over-year in every residential market in Alabama.