Calhoun County home sales decline 47% year-over-year in January

Sales: According to the Calhoun County Board of Realtors, January residential sales in the area (Calhoun, Cleburne, and Talladega Counties) decreased 47.3% year-over-year (Y/Y) from 188 to 99 closed transactions. Sales decreased 22.7% from December, and are now down 47.3% year-to-date. Two more resources to review: Quarterly Report and Annual Report.  

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

Inventory: January listings (569) increased 24.5% from December and increased 24.2% from one year ago. At the current sales pace, all the active inventory on the market would sell in 5.7 months, up from 3.6 months in December and up from 2.4 in January 2022. 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 January was $179,900, an increase of 2.8% from one year ago and an increase of 0.3% from December. 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 January averaged 47 days on the market (DOM), 10 days slower than January 2022. 

Forecast: January sales were 23 units, or 18.6%, below the Alabama Center for Real Estate’s (ACRE) monthly forecast. ACRE projected 122 sales for the month, while actual sales were 99 units. ACRE forecast a total of 122 residential sales in the area year-to-date, while there were 99 actual sales through January, a difference of 18.6%. 

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.