ALABAMA REAL ESTATE JOURNAL

Home sales in the Calhoun County area increase 7% in June

Sales: According to the Calhoun County Board of Realtors, June residential sales in the area (Calhoun, Cleburne, and Talladega Counties) increased 7.4% year-over-year (Y/Y) from 162 to 174 closed transactions. Following seasonal trends, sales increased 21.7% from May. Total residential sales in the area are up 12.2% year-to-date. Two more resources to review: Quarterly Report and Annual Report.

For all of Calhoun County’s housing data, click here.

Inventory: Total homes listed for sale in June increased 25.3% year-over-year from 606 to 759 listings. Months of supply (inventory to sales ratio) increased from 3.7 to 4.4, reflecting a market where sellers generally have elevated bargaining power.

Pricing: The area’s median sales price in June was $147,450, an increase of 5.4% from one year ago and an increase of 5.4% from May. The differing sample size (number of residential sales of comparative months) can contribute to statistical volatility, including pricing. ACRE recommends consulting with a local real estate professional to discuss pricing, as it will vary from neighborhood to neighborhood.

Homes sold in June averaged 76 days on the market (DOM), 6 days slower than June 2019.

Forecast: June sales were 1 unit, or 0.6%, above the Alabama Center for Real Estate’s (ACRE) monthly forecast. ACRE projected 173 sales for the month, while actual sales were 174 units. ACRE forecast a total of 887 residential sales in the area year-to-date, while there were 929 actual sales through June, a difference of 4.7%.

Click here to view the entire monthly report.

The Calhoun County Residential Monthly Report is developed in conjunction with the Calhoun County Board of Realtors to better serve area consumers.

Editor’s Note: All information in this article reflects data provided to the Alabama Center for Real Estate for the time period June 1 – 30, 2020. Thus, the performance represented is historical and should not be used as an indicator of future results, particularly considering the upcoming impact of COVID-19 on the housing market. 

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