According to the Athens-Limestone Association of Realtors, February residential sales in the area increased 4.4% year-over-year (Y/Y) from 158 to 165 closed transactions. Sales increased 20.4% from January. Sales are up 11.0% year-to-date. Two more resources to review: Quarterly Report and Annual Report.
For all of the Athens (Limestone County) housing data, click here.
Inventory: February listings (940) increased 1.1% from January and increased 36.2% from one year ago. At the current sales pace, all the active inventory on the market would sell in 5.7 months, down 1.1 from January and up 1.3 months from February 2024. The equilibrium point where buyers and sellers have roughly equal bargaining power is 4-6 months of supply.
Pricing: The area’s median sales price in February was $374,832, an increase of 16.2% from one year ago and an increase of 19.6% from January. 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 February averaged 74 days on the market (DOM), 34 days slower than February 2024.
Forecast: February sales were 5 units, or 3.0%, below the Alabama Center for Real Estate’s (ACRE) monthly forecast. ACRE projected 170 sales, and actual sales were 165 units.
New Construction: The 95 new homes sold represent 57.6% of all residential sales in the area in February. Total sales increased 15.9% year-over-year. The median sales price in February was $325,300, an increase of 4.6% from January and an increase of 0.9% from one year ago.
Click here to view the entire monthly report.
The Athens Area (Limestone County) Monthly Residential Report is developed in conjunction with the Athens-Limestone Association of Realtors to better serve area consumers.
