Alabama Economic and Real Estate Report
The Alabama Economic and Real Estate Report is a monthly statistics report produced by the Alabama Association of REALTORS® and their team of economists. The numbers and figures in this report are drawn from numerous government and proprietary data sources and represent best estimates at the time of release. As new data emerges, Alabama REALTORS® may, from time to time, update these figures to reflect more recent information.
Key Takeaways from the Most Recent Report
November 2024 Report
- Alabama had 5,168 home sales in November,an increase of 5.9% month-over-month and a decrease of 2.5% year-over-year, breaking a trend of three consecutive months of declining sales.
- The median sales price rose by $6,093 from last year to $221,111. This is an increase of 0.4% month-over-month and 2.8% year-over-year.
- The sold volume in November was $1.24 billion, marking a 19.2% increase from the previous month and of 2.48% from last November.
- The 19,272 active listings at the end of November represent a 0.30% monthly decrease and an increase of 28.0% compared to the 15,055 one year ago.
- The 416 foreclosures in November represent a 3.7% monthly decrease and a 22.2% annual decrease.
2024 Reports
2024 Fast Stats
Help your clients by providing them with easy-to-understand, current economic information. We’ve made doing that easy by offering fast stat graphics that are ready for you to download and share! Feel free to share these graphics however you'd like: on social media, in meetings, and directly with clients!
Click on each graphic below to download.
News Releases
Affordability and Inventory Remain Steady Amidst Slowdown in Alabama’s Housing Market
November 22, 2024
Recent Fed Rate Cut Brings Positive News as Alabama’s Housing Market Cools but Remains Strong
September 23, 2024
Alabama’s Real Estate Market Continues to Shine in July with Rising Sales and Strong Economic Performance
August 20, 2024
Alabama’s Housing Market Continues to Grow and Flourish in June
July 22, 2024
All inquiries regarding the Economic and Real Estate Report may be directed to:
Abby Wilson, Director of Marketing
abby@alabamarealtors.com | 334-386-5645