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 Q4 2024 survey beginning September 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 Q3 2024 RREI™ registered an index score of 52.4. This means real estate professionals across the state have mild confidence that the statewide real estate market will expand during the third quarter. The Q3 index is 10.2 points lower than the Q2 2024 RREI™, marking the third 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 third quarter, indicating expectations of an overall expansion of market activity for residential real estate during Q3 2024.
Panelists are mildly confident that interest rates will decrease, home sales and home sale prices will increase, and moderately confident that listings will increase during Q3 2024 when compared to one year ago.
