According to the Tuscaloosa Association of Realtors, December home sales in the area were up 17.8% year-over-year at 251 closed transactions. Sales increased 42.6% from November. Two more resources to review: Quarterly Report and Annual Report.
For all Tuscaloosa-area housing data, click here.
Inventory: December listings (745) decreased 5.3% from November and increased 14.6% from one year ago. At the current sales pace, all the active inventory on the market would sell in 3.0 months, down from 4.5 months in November, and down from 3.1 months in December 2024. The equilibrium point where buyers and sellers have roughly equal bargaining power is roughly 6 months of supply.
Pricing: The median sales price in December was $285,600, an increase of 2.0% from one year ago and a decrease of 6.7% 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 62 days on the market (DOM), 8 days slower than December 2024.
Forecast: December sales were 33 units, or 15.2%, above the Alabama Center for Real Estate’s (ACRE) monthly forecast. ACRE projected 218 sales for the month, while actual sales were 251 units. ACRE forecasted a total of 2,972 home sales year-to-date, while there were 2,885 actual sales through December, a difference of 2.9%.
New Construction: The 56new homes sold represented 22.3% of all residential sales in the area in December. Total sales increased 24.4% year-over-year. The median sales price was $291,900, a decrease of 7.3% from one year ago and a decrease of 9.8% from November.
Click here to view the entire monthly report. The Tuscaloosa Residential Monthly Report is developed in connection with the Tuscaloosa Association of Realtors.
