Weekly Market Activity Report

For Week Ending December 18, 2021 Quick Facts

Data current as of December 27, 2021
Single-family rents increased 10.9% year-over-year as of last measure, the fastest year- + 5.3% + 100.0% - 0.4% + 60.0% - 15.2% - 22.6%
over-year increase in more than 16 years, and more than 3 times the rate of increase a
Single Family Townhouse/Condo Single Family Townhouse/Condo Single Family Townhouse/Condo
year earlier, according to the CoreLogic Single-Family Rent Index (SFRI). Vacancy rates
are at a 25-year low, as demand for rental units has surged this year due to Year-Over-Year Change Year-Over-Year Change Year-Over-Year Change
skyrocketing sales prices and low inventory in the residential housing sector, leading New Listings Pending Sales Homes for Sale
some aspiring buyers to rent while waiting for the market to moderate.

A research tool provided by ValleyMLS.com covering the Alabama counties

of Cherokee, DeKalb, Etowah, Jackson, Lawrence, Limestone, Madison,
SINGLE FAMILY
Marshall and Morgan.
For the week ending December 18:
• New Listings increased 5.3% to 259
• Pending Sales decreased 0.4% to 275
• Inventory decreased 15.2% to 1,457 Metrics by Week
New Listings 2
For the month of November: Pending Sales 3
• Median Sales Price increased 19.9% to $281,690 Inventory of Homes for Sale 4
• Days on Market decreased 37.0% to 17
• Pct of List Price Rec'd increased 0.8% to 100.0%
• Months Supply decreased 7.7% to 1.2 Metrics by Month
Days on Market 5
TOWNHOUSE/CONDO Median Sales Price 6
For the week ending December 18: Percent of List Price Received 7
• New Listings increased 100.0% to 32 Housing Affordability Index 8
• Pending Sales increased 60.0% to 16
• Inventory decreased 22.6% to 48
Months Supply of Inventory 9

For the month of November:

• Median Sales Price decreased 2.2% to $239,900
• Days on Market decreased 71.0% to 9
• Pct of List Price Rec'd increased 0.8% to 102.1%
• Months Supply decreased 27.3% to 0.8

Current as of December 27, 2021. All data from ValleyMLS. Report © 2021 ShowingTime.
New Listings
A count of the properties that have been newly listed on the market in a given week.

Current Single Family Current Townhouse/Condo

Last Three Months One Year Ago Single Family One Year Ago Townhouse/Condo
Data for the
Week Ending…
Single
Family
Year-Over-Year
Change
Townhouse/
Condo
Year-Over-Year
Change
450
9/25/2021 318 - 7.0% 9 - 25.0%
400 10/2/2021 402 + 8.6% 13 + 116.7%
10/9/2021 316 + 1.6% 14 + 40.0%
350
10/16/2021 350 + 0.3% 16 + 77.8%
300
10/23/2021 331 + 4.4% 9 - 47.1%

250 10/30/2021 345 + 18.2% 15 + 87.5%

11/6/2021 347 + 6.4% 15 0.0%
200
11/13/2021 306 + 2.3% 17 + 88.9%
150 11/20/2021 301 - 4.1% 7 - 36.4%
11/27/2021 199 - 6.6% 3 - 57.1%
100
12/4/2021 331 + 21.2% 23 + 27.8%
50 12/11/2021 257 + 8.4% 10 - 50.0%

0 12/18/2021 259 + 5.3% 32 + 100.0%

9/25/21 10/2/21 10/9/21 10/16/21 10/23/21 10/30/21 11/6/21 11/13/21 11/20/21 11/27/21 12/4/21 12/11/21 12/18/21 3-Month Avg. 312 + 4.4% 14 + 15.8%

Historical New Listing Activity Single Family Townhouse/Condo

500

450

400

350

300

250

200

150

100

50

0
1-2015 1-2016 1-2017 1-2018 1-2019 1-2020 1-2021

Current as of December 27, 2021. All data from ValleyMLS. Report © 2021 ShowingTime. | 2
Pending Sales
A count of the properties in either a contingent or pending status in a given week.

Current Single Family Current Townhouse/Condo

Last Three Months One Year Ago Single Family One Year Ago Townhouse/Condo
Data for the
Week Ending…
Single
Family
Year-Over-Year
Change
Townhouse/
Condo
Year-Over-Year
Change
350
9/25/2021 314 + 6.4% 4 - 82.6%
10/2/2021 317 - 3.9% 17 + 41.7%
300
10/9/2021 280 - 5.4% 11 + 22.2%

250 10/16/2021 282 - 9.9% 13 - 23.5%

10/23/2021 309 + 9.6% 19 + 46.2%
200 10/30/2021 308 + 4.8% 10 - 23.1%
11/6/2021 259 - 6.8% 7 0.0%
150
11/13/2021 277 - 6.7% 15 + 114.3%
11/20/2021 329 + 6.5% 13 + 62.5%
100
11/27/2021 207 - 12.3% 6 - 45.5%
12/4/2021 243 - 0.4% 11 - 21.4%
50
12/11/2021 272 + 8.4% 12 0.0%

0 12/18/2021 275 - 0.4% 16 + 60.0%

9/25/21 10/2/21 10/9/21 10/16/21 10/23/21 10/30/21 11/6/21 11/13/21 11/20/21 11/27/21 12/4/21 12/11/21 12/18/21 3-Month Avg. 282 - 0.8% 12 - 1.3%

Historical Under Contract Single Family Townhouse/Condo

450

400

350

300

250

200

150

100

50

0
1-2015 5-2015 9-2015 1-2016 5-2016 9-2016 1-2017 5-2017 9-2017 1-2018 5-2018 9-2018 1-2019 5-2019 9-2019 1-2020 5-2020 9-2020 1-2021 5-2021 9-2021

Current as of December 27, 2021. All data from ValleyMLS. Report © 2021 ShowingTime. | 3
Inventory of Homes for Sale
The number of properties available for sale in active status at the end of a given week.

Current Single Family Current Townhouse/Condo

Last Three Months One Year Ago Single Family One Year Ago Townhouse/Condo
Data for the
Week Ending…
Single
Family
Year-Over-Year
Change
Townhouse/
Condo
Year-Over-Year
Change
2,500
9/25/2021 1,600 - 16.9% 54 - 21.7%
10/2/2021 1,591 - 18.2% 56 - 9.7%
2,000 10/9/2021 1,623 - 16.0% 51 - 16.4%
10/16/2021 1,636 - 14.3% 48 - 14.3%
10/23/2021 1,642 - 13.6% 44 - 18.5%
1,500
10/30/2021 1,617 - 14.0% 41 - 25.5%
11/6/2021 1,635 - 13.3% 49 - 7.5%

1,000 11/13/2021 1,661 - 9.9% 48 - 12.7%

11/20/2021 1,616 - 12.9% 50 - 7.4%
11/27/2021 1,552 - 13.7% 45 - 18.2%
500
12/4/2021 1,580 - 10.6% 45 - 21.1%
12/11/2021 1,524 - 14.4% 54 - 8.5%

0 12/18/2021 1,457 - 15.2% 48 - 22.6%

9/25/21 10/2/21 10/9/21 10/16/21 10/23/21 10/30/21 11/6/21 11/13/21 11/20/21 11/27/21 12/4/21 12/11/21 12/18/21 3-Month Avg. 1,595 - 14.1% 49 - 15.8%

Historical Inventory of Homes for Sale Single Family Townhouse/Condo

7,500

5,000

2,500

0
1-2015 5-2015 9-2015 1-2016 5-2016 9-2016 1-2017 5-2017 9-2017 1-2018 5-2018 9-2018 1-2019 5-2019 9-2019 1-2020 5-2020 9-2020 1-2021 5-2021 9-2021

Current as of December 27, 2021. All data from ValleyMLS. Report © 2021 ShowingTime. | 4
Days on Market Until Sale
Average number of days between when a property is listed and when an offer is accepted in a given month.

November Data for the

month of…
Single
Family
Year-Over-Year
Change
Townhouse/
Condo
Year-Over-Year
Change

Dec-2020 27 - 44.9% 16 - 63.6%

47 Jan-2021 28 - 49.1% 12 - 67.6%
Feb-2021 31 - 43.6% 14 - 39.1%
Mar-2021 28 - 44.0% 25 - 24.2%

31 Apr-2021 25 - 46.8% 9 - 78.0%

27 26 May-2021 18 - 60.0% 22 - 56.9%
Jun-2021 16 - 59.0% 13 - 13.3%
17 Jul-2021 12 - 66.7% 15 - 34.8%
Aug-2021 12 - 66.7% 11 - 45.0%
9 Sep-2021 13 - 56.7% 17 - 26.1%
Oct-2021 16 - 42.9% 12 - 74.5%
2019 2020 2021 2019 2020 2021 Nov-2021 17 - 37.0% 9 - 71.0%
+ 14.2% - 37.0% + 19.2% - 71.0% Average 20 - 51.4% 15 - 53.5%
Single Family Townhouse/Condo

Historical Market Time Single Family Townhouse/Condo

250

200

150

100

50

0
1-2015 1-2016 1-2017 1-2018 1-2019 1-2020 1-2021

Current as of December 27, 2021. All data from ValleyMLS. Report © 2021 ShowingTime. | 5
Median Sales Price
Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month.

November Data for the

month of…
Single
Family
Year-Over-Year
Change
Townhouse/
Condo
Year-Over-Year
Change

$281,690 Dec-2020 $245,000 + 16.1% $205,000 - 0.4%

Jan-2021 $237,780 + 14.3% $196,000 + 49.9%
$245,400 $239,900
$234,900 Feb-2021 $240,000 + 20.5% $184,250 + 35.5%
$205,664 Mar-2021 $252,900 + 17.6% $220,510 + 47.0%
$190,000 Apr-2021 $256,175 + 16.6% $190,000 + 26.7%
May-2021 $260,000 + 15.6% $248,450 + 45.3%
Jun-2021 $269,900 + 17.4% $170,000 + 4.0%
Jul-2021 $275,000 + 19.6% $196,000 + 1.8%
Aug-2021 $272,002 + 16.4% $234,500 + 73.7%
Sep-2021 $275,000 + 19.3% $194,500 - 12.6%
Oct-2021 $279,092 + 19.5% $235,000 + 25.0%
2019 2020 2021 2019 2020 2021 Nov-2021 $281,690 + 19.9% $239,900 - 2.2%
+ 14.2% + 19.9% + 29.2% - 2.2% Median $262,423 + 16.6% $213,260 + 21.7%
Single Family Townhouse/Condo

Historical Median Sales Price Single Family Townhouse/Condo

$300,000

$250,000

$200,000

$150,000

$100,000

$50,000
1-2015 1-2016 1-2017 1-2018 1-2019 1-2020 1-2021

Current as of December 27, 2021. All data from ValleyMLS. Report © 2021 ShowingTime. | 6
Percent of List Price Received
Percentage found when dividing a property’s sales price by its most recent list price, then taking the average for all properties sold
in a given month, not accounting for seller concessions.

November Data for the

month of…
Single
Family
Year-Over-Year
Change
Townhouse/
Condo
Year-Over-Year
Change

Dec-2020 99.3% + 1.2% 100.7% + 3.3%

98.4% 99.2% 100.0% 99.2% 101.3% 102.1% Jan-2021 99.4% + 0.9% 101.0% + 3.2%
Feb-2021 99.5% + 1.4% 100.5% + 1.3%
Mar-2021 100.1% + 1.8% 100.7% + 1.1%
Apr-2021 100.7% + 2.0% 102.8% + 3.4%
May-2021 101.4% + 2.6% 101.8% + 2.4%
Jun-2021 101.6% + 2.5% 102.3% + 2.4%
Jul-2021 101.4% + 2.3% 103.3% + 3.7%
Aug-2021 101.0% + 1.8% 100.4% + 1.0%
Sep-2021 100.6% + 1.3% 101.1% + 1.4%
Oct-2021 100.2% + 1.1% 100.3% + 1.9%
2019 2020 2021 2019 2020 2021 Nov-2021 100.0% + 0.8% 102.1% + 0.8%
+ 0.8% + 0.8% + 2.1% + 0.8% Average 100.5% + 1.7% 101.4% + 2.1%
Single Family Townhouse/Condo

Historical Percent of Original List Price Received Single Family Townhouse/Condo

105%

100%

95%

90%

85%
1-2015 1-2016 1-2017 1-2018 1-2019 1-2020 1-2021

Current as of December 27, 2021. All data from ValleyMLS. Report © 2021 ShowingTime. | 7
Housing Affordability Index
This index measures housing affordability for the region. For example, an index of 120 means the median household income was 120%
of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.

November Data for the

month of…
Single
Family
Year-Over-Year
Change
Townhouse/
Condo
Year-Over-Year
Change

Dec-2020 146 - 3.3% 175 + 13.6%

167 Jan-2021 152 - 3.2% 185 - 26.0%
155 151 149
145 Feb-2021 150 - 9.6% 195 - 20.1%
127 Mar-2021 138 - 11.0% 159 - 28.4%
Apr-2021 137 - 10.5% 185 - 17.8%
May-2021 136 - 9.9% 143 - 27.8%
Jun-2021 131 - 12.1% 208 - 0.5%
Jul-2021 130 - 13.9% 182 + 1.1%
Aug-2021 131 - 12.1% 152 - 41.3%
Sep-2021 130 - 14.5% 184 + 16.5%
Oct-2021 128 - 15.2% 152 - 19.1%
2019 2020 2021 2019 2020 2021 Nov-2021 127 - 15.9% 149 + 2.8%
- 2.6% - 15.9% - 13.2% + 2.8% Average 136 - 13.2% 172 - 1.1%
Single Family Townhouse/Condo

Historical Housing Affordability Index Single Family Townhouse/Condo

425
400
375
350
325
300
275
250
225
200
175
150
125
100
1-2015 1-2016 1-2017 1-2018 1-2019 1-2020 1-2021

Current as of December 27, 2021. All data from ValleyMLS. Report © 2021 ShowingTime. | 8
Months Supply of Inventory
The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months.

November Data for the

month of…
Single
Family
Year-Over-Year
Change
Townhouse/
Condo
Year-Over-Year
Change

Dec-2020 1.2 - 50.0% 1.1 - 21.4%

2.6 Jan-2021 1.0 - 56.5% 0.9 - 43.8%

Feb-2021 0.9 - 59.1% 0.8 - 50.0%
Mar-2021 0.9 - 59.1% 0.8 - 50.0%
Apr-2021 0.9 - 59.1% 0.7 - 61.1%
May-2021 0.9 - 55.0% 0.8 - 52.9%
1.3 1.4 Jun-2021 0.9 - 50.0% 0.9 - 55.0%
1.2
1.1 Jul-2021 1.1 - 35.3% 0.9 - 50.0%
0.8 Aug-2021 1.2 - 25.0% 1.0 - 23.1%
Sep-2021 1.2 - 20.0% 1.0 - 9.1%
Oct-2021 1.2 - 14.3% 0.8 - 20.0%
2019 2020 2021 2019 2020 2021 Nov-2021 1.2 - 7.7% 0.8 - 27.3%
- 50.0% - 7.7% - 21.4% - 27.3% Average 1.0 - 44.9% 0.9 - 42.0%
Single Family Townhouse/Condo

Historical Months Supply of Inventory Single Family Townhouse/Condo

9

0
1-2016 1-2017 1-2018 1-2019 1-2020 1-2021

Current as of December 27, 2021. All data from ValleyMLS. Report © 2021 ShowingTime. | 9