The Alabama Center for Real Estate created the following rankings based on new construction as a percentage of total residential sales during June. 1. Athens:
The greater Montgomery area is a region of economic diversity. In addition to the state capital and regional governments, the area is also home to
While permits for new single family housing units increased 6.5% nationally and 8.8% in the south region, they decreased in Alabama during May. Single family permits decreased 15.8% year-over-year (y/y)
Alabama’s residential market is substantially impacted by inventory, the amount of homes listed for sale at any given moment. Inventory* levels impact months of supply,
The Alabama Center for Real Estate created the following rankings based on average days on market (DOM) for closed transactions during May. 1. Birmingham –
The Alabama Center for Real Estate created the following rankings based on new construction as a percentage of total residential sales during May. 1. Athens:
The Alabama Center for Real Estate created the following rankings based on year-over-year (y/y) growth in total residential sales during May. 1. Lake Martin Area 38.7% 2. Cullman
The Alabama Center for Real Estate created the following rankings based on median price appreciation in May 2019: 1. Montgomery Area – 21.0% 2. Cullman Area –
One of the more important drivers of demand for residential real estate is population size. The Birmingham metro area*, for example, is home to roughly
There are many takeaways from the graph above. First, we can easily see the consistently seasonal nature of residential real estate sales. Second, the effects
