
Alabama home sales down in July as rising rates cool buyer demand
Statewide Summary: Home sales in the state declined in July as rising mortgage rates sidelined some potential buyers. Sales declined 18.2% year-over-year and are down

Statewide Summary: Home sales in the state declined in July as rising mortgage rates sidelined some potential buyers. Sales declined 18.2% year-over-year and are down

Sales: According to the Greater Alabama MLS, July home sales in the Birmingham area decreased 18.9% year-over-year (Y/Y) from 1,742 to 1,412 closed transactions. Following

Sales: According to the Shoals Area Association of Realtors, July residential sales decreased 9.8% year-over-year from 234 to 211 closed transactions. Following seasonal trends, sales

Sales: According to the Lee County Association of Realtors, July residential sales in the Auburn-Opelika area decreased 14.8% year-over-year from 283 to 241 closed transactions.

Sales: According to the Lake Martin Area Association of Realtors, waterfront home sales during July decreased 20.5% year-over-year from 39 to 31 closed transactions. Going

Sales: According to the Lake Martin Area Association of Realtors, July residential sales (waterfront and non-waterfront) decreased 36.3% year-over-year (Y/Y) from 91 to 58 closed

Sales: According to the Tuscaloosa Association of Realtors, July home sales in the area decreased 20.2% year-over-year (Y/Y) from 362 to 289 closed transactions. Following

Sales: According to the Southeast Alabama Association of Realtors, July residential sales in the Dothan area decreased 12.6% year-over-year from 182 to 159 closed transactions.

Sales: According to the Northeast Alabama Association of Realtors, July residential sales in the Gadsden area increased 17.2% year-over-year from 87 to 102 closed transactions.

Sales: According to the Baldwin Realtors, July condominium sales decreased 44.1% year-over-year (Y/Y) from 213 to 119 closed transactions, the fifth consecutive Y/Y decline. Following
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