Sales: According to the Calhoun County Board of Realtors, April residential sales in the area (Calhoun, Cleburne, and Talladega Counties) increased 14.3% year-over-year (Y/Y) from 168 to 192 closed transactions. Following seasonal trends, sales decreased 2.5% from March. Total residential sales in the area are up 5.6% 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 (516) in April increased 12.9% from March and decreased 0.8% from one year ago. At the current sales pace, all the active inventory on the market would sell in 2.7 months, up from 2.3 months in March and down from 3.1 months in April 2021. 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 April was $182,450, an increase of 20.6% from one year ago and an increase of 4.3% from March. 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 April averaged 32 days on the market (DOM), 8 days faster than April 2021.
Forecast: April sales were equal to the Alabama Center for Real Estate’s (ACRE) monthly forecast. ACRE projected 192 sales for the month, while actual sales were 192 units. ACRE forecast a total of 722 residential sales in the area year-to-date, while there were 735 actual sales through April, a difference of 1.8%.
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.