Sales: According to the Calhoun County Board of Realtors, December residential sales in the area (Calhoun, Cleburne, and Talladega Counties) decreased 33.0% year-over-year (Y/Y) from 191 to 128 closed transactions. Sales decreased 1.5% from November, and are now down 10.6% year-to-date. Two more resources to review: Quarterly Report and Annual Report.
For all of Calhoun County’s housing data, click here.
Inventory: December listings (457) decreased 10.9% from November and increased 3.9% from one year ago. At the current sales pace, all the active inventory on the market would sell in 3.6 months, down from 3.9 months in November and up from 2.3 in December 2021. The equilibrium point where buyers and sellers have roughly equal bargaining power is 4-5 months of supply.
Pricing: The area’s median sales price in December was $179,450, an increase of 4.0% from one year ago and a decrease of 9.8% 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 58 days on the market (DOM), 26 days slower than December 2021.
Forecast: December sales were 48 units, or 27.2%, below the Alabama Center for Real Estate’s (ACRE) monthly forecast. ACRE projected 176 sales for the month, while actual sales were 128 units. ACRE forecast a total of 2,370 residential sales in the area year-to-date, while there were 2,137 actual sales through December, a difference of 9.8%.
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.
