Welcome to the Alabama Residential Real Estate Index™ (AL RREI™). The AL RREI™ measures residential real estate expectations for the upcoming quarter gathered from a broad group of professionals working in residential real estate and related fields. Six key indicators create a composite index of overall market conditions and an outlook for the state’s metropolitan areas. Through the survey, panelists can take the pulse of the state’s residential real estate market as well as compare their own forecasts to those of their peers.
Click the “Register for the Survey” button below to register and complete the Q1 2025 survey beginning December 1st, 2024. If you are a returning participant, you do not need to re-register.
The Alabama Residential Real Estate Index (AL RREI™) is a quarterly survey of residential brokers, sales agents, affiliates (loan officers, title agents, bankers, appraisers, etc.), and other industry professionals that measures market expectations for the upcoming quarter. An index value of 50 indicates a neutral outlook. Scores below 50 indicate a contractionary outlook while scores above 50 indicate an expansionary outlook.
In the Alabama Center for Real Estate’s survey, respondents in the Q4 2024 RREI™ registered an index score of 57.9. This means real estate professionals across the state have moderate confidence that the statewide real estate market will expand during the fourth quarter. The Q4 index is 5.5 points higher than the Q3 2024 RREI™, marking the fourth consecutive quarter where the RREI recorded an index score above a 50. Five of the six components of the AL RREI™ registered scores above 50 for the Fourth quarter, indicating expectations of an overall expansion of market activity for residential real estate during Q4 2024.
Panelists are very strongly confident that interest rates will decrease, moderately confident that home sales and home listings will increase, but mildly confident that home sales prices will decrease during Q4 2024 when compared to one year ago.
