According to the Calhoun County Board of Realtors, January residential sales in the area (Calhoun, Cleburne, and Talladega Counties) increased 12.3% year-over-year (Y/Y) from 106 to 119 closed transactions. Sales decreased 11.2% from December and are now up 12.3% 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 (585) increased 1.2% from December and increased 14.9% from one year ago. At the current sales pace, all the active inventory on the market would sell in 4.9 months, up from 4.3 months in December and up from 4.8 months in January 2024. The equilibrium point where buyers and sellers have roughly equal bargaining power is roughly 6 months of supply.
Pricing: The area’s median sales price in January was $190,000, an increase of 1.6% from one year ago and a decrease of 4.4% 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 46 days on the market (DOM), 6 days slower than January 2024.
Forecast: January sales were 2 units, or 1.8%, above the Alabama Center for Real Estate’s (ACRE) monthly forecast.
New Construction: The 19 new homes sold represent 16.0% of all residential sales in the area in January. Total sales increased 280.0% year-over-year. The median sales price in January was $225,640, a decrease of 1.7% from December and an increase of 6.6% from one year ago.
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.
