ALABAMA REAL ESTATE JOURNAL

Highlights from Alabama’s January 2020 Residential Sales

23.2%

January residential sales growth from one year ago (4,122 vs 3,347 closed transactions)

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5.3%

Residential sales growth during 2019 (64,279 vs 61,062 closed transactions)

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$166,998

Median sales price of a home in Alabama during January, an increase of $17,562 (11.8%) from one year ago ($149,436)

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11.8%

Median sales price growth during January ($166,998 vs $149,436)

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5.7%

Median sales price growth during 2019 ($167,936 vs $158,818)

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$193,717

Average sales price of a home in Alabama during January, an increase of $14,080 (7.8%) from one year ago ($179,637)

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7.8%

Average sales price growth during January ($193,717 vs 179,637)

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3.9%

Average sales price growth during 2019 ($195,734 vs $188,389)

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92 days

Days on market average during January, down 15 days from one year ago

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-17%

Decrease in January residential listings statewide versus one year ago (17,951 vs 21,634 listings)

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4.4 months

Statewide months of supply during January, down from 6.5 one year ago

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