Alabama experienced 5,778 homes sales in November, a scant 0.1% uptick from the prior month and a 3.8% increase from one year earlier.
According to data from the Alabama Association of Realtors (AAR), the 20,725 active monthly listings at the end of November marked 4.8 months of supply, which is 7.5% higher than the 19.272 of one year before, while and the 71 days on average that homes remained on the market were just one day longer than in October and three days longer than in November 2024.
The median sales price in Alabama grew by $39,275 year-over-year to $251,784, an 18.5% annual increase but a 0.6% drop month-over-month. The sold dollar volume in November, which is the combined sales price of all homes closed during the month, was $1.63 billion, a 21.8% increase over the same period last year but 1.8% lower than the month prior.
AAR Economist Evan Moore is predicting the state will experience a stabilized housing market in the coming year.
“The housing market will be more balanced in 2026, as supply is increasing and there will likely be five to six months of supply available for much of the year,” said Moore, adding that “sellers should expect moderate price appreciation, but nothing like the price increases seen in 2021 and 2022. The supply of new homes will continue to face hurdles, such as higher material costs due to tariffs, potential labor scarcity stemming from immigration policy, and first-time buyers having difficulty with down payments.”
Photo: Andrew S. / Flickr Creative Commons
