According to the Calhoun County Board of Realtors, May residential sales in the area (Calhoun, Cleburne, and Talladega Counties) increased 1.3% year-over-year (Y/Y) from 157 to 159 closed transactions. Sales increased 8.9% from April and are now down 0.2% year-to-date. Two more resources to review: Quarterly Report and Annual Report.
For all of Calhoun County’s housing data, click here.
Inventory: May listings (652) increased 1.4% from April and 19.9% from one year ago. At the current sales pace, all the active inventory on the market would sell in 4.1 months, down from 4.4 months in April and up from 3.5 months in May 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 May was $208,000, an increase of 4.1% from one year ago and a decrease of 1.2% from April. 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 May averaged 57 days on the market (DOM), 11 days slower than May 2024.
Forecast: May sales were 28 units, or 15.1%, below the Alabama Center for Real Estate’s (ACRE) monthly forecast. ACRE forecasted a total of 722 home sales year-to-date, while there were 687 actual sales through May, a difference of 4.8%.
New Construction: The 13 new homes sold represent 8.2% of all residential sales in the area in May. Total sales increased 44.4% year-over-year. The median sales price in May was $225,300, an increase of 4.8% from April and a decrease of 1.0% 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.
