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

October 2024 Report 

  • Alabama had 4,880 home sales in October, marking a 8.6% decrease from the previous month and a 12.8% decrease from last year. 
  • The median sales price decreased by 2.1% month-over-month to $220,196. This is an annual increase of 6.7%.
  • The sold volume was $1.04 billion, down 18.8% month-over-month, representing a 20.6% decrease compared to last September.
  • The 19,329 active listings at the end of October mark a 2.7% increase over last month and a 32.6% increase compared to one year ago.
  • The 432 foreclosures in October represent a 0.7% decrease from the previous month and a 14.5% year-over-year decrease.
 

2024 Reports

 
Market Stats October2024
 

October

 
Market Stats August2024 Cover
 
 
Market Stats July2024
 
 
Market Stats June2024
 
 
Market Stats May2024
 
 
Market Stats Apr2024 Cover
 
 
Market Stats Mar2024 Cover
 
 
 
 
 
 

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.

 
Market Stats October2024 Social
Market Stats September2024 Social
Market Stats August2024 Social
Market Stats July2024 Social
Market Stats June2024 Social
Market Stats May2024 Social (2)
Market Stats Apr2024 Social
Market Stats Mar2024 Social
Market Stats Feb2024 Social
Jan 2024 Fast Stats
 
 
 

News Releases

Alabama’s December Housing Market Sees Increases in Key Areas Despite Continued Sales Decline

Alabama’s December Housing Market Sees Increases in Key Areas Despite Continued Sales Decline

According to the December 2023 Alabama Economic and Real Estate Report, home sales in Alabama remain down amid ongoing market challenges. Still, several approaching seasonal and economic changes suggest that sales ...
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November Data Suggests Alabama’s Housing Market Is Poised to Rebound in 2024

November Data Suggests Alabama’s Housing Market Is Poised to Rebound in 2024

Alabama’s housing market continues to stagnate but positive indicators, such as steadily declining interest and inflation rates, offer strong hope for a rebound in the coming year.
Read More
Alabama’s Real Estate Market Remains Down In October, But Declining Interest Rates Offer Hope For Future Rebound

Alabama’s Real Estate Market Remains Down In October, But Declining Interest Rates Offer Hope For Future Rebound

According to October's report, the state’s housing market remains down, but declining interest rates and increases in two key areas - housing supply and average sales price - offer strong hope for ...
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Alabama’s Active Listings Continue to Increase in September

Alabama’s Active Listings Continue to Increase in September

September marked the sixth consecutive monthly increase in active listings, and AAR’s economists anticipate this trend to continue into October. Continue reading to learn more.
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Alabama Home Prices Continue to Rise Despite Sales Slowdown

Alabama Home Prices Continue to Rise Despite Sales Slowdown

Alabama’s August home sales activity decreased relative to last month, marking the second consecutive month of declining sales. Continue reading to learn the key points from August's report.
Read More
 

All inquiries regarding the Economic and Real Estate Report may be directed to:
Anna Grace Gamble, Director of Communications
annagrace@alabamarealtors.com | 334-386-5368