Weekly Real Estate News
Home sales in Alabama during June totaled 5,423 transactions, up 4.1% from May for the fifth consecutive month of increases, according to data from the Alabama Association of Realtors (AAR). However, sales were also down by 17.5% from one year earlier.
Alabama’s median sales price in June was $228,970, a 12.1% increase from May and a 1.2% uptick from June 2023. The sold volume was $1.31 billion in June was a 10.1% increase month-over-month but an 11.3% annual year-over-year decrease.
Last month recorded 16,549 active listings, up by 4.9% from the previous month and 43% above the June 2023 level. increase over last month and a 43.0% increase compared to the 11,570 one year ago. During June, Alabama recorded 454 foreclosures, a 1.7% decrease from the previous month but a 12.1% year-over-year increase.
AAR CEO Jeremy Walker said the overall data picture “underscores a positive trend in our housing market, driven by economic growth and favorable mortgage rates.”
Photo: Allard1 / iStock
