Sales: According to the Calhoun County Board of Realtors, December residential sales in the area (Calhoun, Cleburne, and Talladega Counties) increased 28.2% year-over-year (Y/Y) from 149 to 191 closed transactions. Sales increased 1.6% from November. Total residential sales in the area are up 11.0% 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 December decreased 18.7% year-over-year from 541 to 440 listings. At the current sales pace, all the active inventory on the market would sell in 2.3 months, down from 2.4 months in November and 3.6 months in December 2020. The equilibrium point where buyers and sellers have roughly equal bargaining power is 6 months of supply.
Pricing: The area’s median sales price in December was $172,500, an increase of 11.5% from one year ago and a decrease of 1.4% from November. 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 December averaged 32 days on the market (DOM), 11 days faster than December 2020.
Forecast: December sales were 20 units, or 11.6%, above the Alabama Center for Real Estate’s (ACRE) monthly forecast. ACRE projected 171 sales for the month, while actual sales were 191 units. ACRE forecast a total of 2,151 residential sales in the area year-to-date, while there were 2,389 actual sales through December, a difference of 11.1%.
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 December 1 – 31, 2020. Thus, the performance represented is historical and should not be used as an indicator of future results.
