Alabama recorded 5,791 home sales during April, down 6.8% from the prior month but up 10.8% from one year earlier.
According to data from the Alabama Association of Realtors (AAR), the state had 19,144 active listings at the end of April, a 27% upswing compared to the 15,072 listings from one year ago. Also on the rise were foreclosures – 495 last month, up by 11.2% from March and up 2.7% from April 2024.
The median sales price of $224,967 marked a 2.2% monthly decrease ($5,033) and an annual increase of 13.3% from the $198,486 price recorded one year earlier. The sold volume was $1.54 billion in April, a 3.1% decrease month-over-month but also a 30.5% annual increase.
“The slight sales dip in April may be tied to negative attitudes regarding the national economy, but late spring and early summer are usually months for increasing home sales activity in Alabama,” said AAR economist Evan Moore. “Even if economic pessimism continues to dampen sales, the numbers in coming months should be higher than the same period in recent years.”
Photo: Andrew S. / Flickr Creative Commons
