Weekly Market Activity Report

For Week Ending February 5, 2022 Quick Facts

Data current as of February 14, 2022
Despite falling temperatures and a surge in COVID-19 cases across the country, the + 33.0% + 150.0% - 11.5% + 54.5% - 11.0% - 33.3%
U.S. real estate market remains active, with homes selling in record time due to robust
Single Family Townhouse/Condo Single Family Townhouse/Condo Single Family Townhouse/Condo
buyer demand and a shortage of housing options. With inventory down 28.4%
compared to a year ago, the average home spent just 61 days on the market in Year-Over-Year Change Year-Over-Year Change Year-Over-Year Change
January, a 14% drop from last year and the fastest pace of any January on record, New Listings Pending Sales Homes for Sale
according to Realtor.com’s monthly housing report.

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 February 5:
• New Listings increased 33.0% to 375
• Pending Sales decreased 11.5% to 307
• Inventory decreased 11.0% to 1,211 Metrics by Week
New Listings 2
For the month of January: Pending Sales 3
• Median Sales Price increased 16.9% to $277,726 Inventory of Homes for Sale 4
• Days on Market decreased 35.7% to 18
• Pct of List Price Rec'd increased 0.5% to 99.9%
• Months Supply decreased 10.0% to 0.9 Metrics by Month
Days on Market 5
TOWNHOUSE/CONDO Median Sales Price 6
For the week ending February 5: Percent of List Price Received 7
• New Listings increased 150.0% to 30 Housing Affordability Index 8
• Pending Sales increased 54.5% to 17
• Inventory decreased 33.3% to 30
Months Supply of Inventory 9

For the month of January:

• Median Sales Price increased 4.6% to $205,000
• Days on Market remained flat at 12
• Pct of List Price Rec'd increased 0.9% to 101.9%
• Months Supply decreased 37.5% to 0.5

Current as of February 14, 2022. All data from ValleyMLS. Report © 2022 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
400
11/13/2021 309 + 3.3% 17 + 88.9%

350 11/20/2021 302 - 3.8% 7 - 36.4%

11/27/2021 199 - 6.6% 4 - 42.9%
300
12/4/2021 329 + 20.5% 23 + 27.8%

250
12/11/2021 256 + 8.0% 10 - 50.0%
12/18/2021 259 + 5.3% 32 + 100.0%
200 12/25/2021 164 + 13.1% 5 + 25.0%
1/1/2022 170 + 5.6% 3 - 76.9%
150
1/8/2022 247 - 11.5% 11 - 45.0%
100 1/15/2022 333 + 12.1% 12 + 20.0%
1/22/2022 304 + 21.6% 19 + 280.0%
50
1/29/2022 282 - 4.7% 20 + 42.9%

0 2/5/2022 375 + 33.0% 30 + 150.0%

11/13/21 11/20/21 11/27/21 12/4/21 12/11/21 12/18/21 12/25/21 1/1/22 1/8/22 1/15/22 1/22/22 1/29/22 2/5/22 3-Month Avg. 271 + 7.2% 15 + 21.4%

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 1-2022

Current as of February 14, 2022. All data from ValleyMLS. Report © 2022 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
400
11/13/2021 279 - 5.7% 14 + 100.0%

350 11/20/2021 312 + 1.0% 12 + 50.0%

11/27/2021 203 - 14.0% 6 - 45.5%
300
12/4/2021 237 - 2.9% 11 - 21.4%

250
12/11/2021 267 + 6.4% 11 - 8.3%
12/18/2021 257 - 6.9% 15 + 50.0%
200 12/25/2021 174 + 4.2% 16 + 100.0%
1/1/2022 202 + 11.6% 2 - 83.3%
150
1/8/2022 216 - 16.9% 7 - 61.1%
100 1/15/2022 295 - 1.0% 17 - 5.6%
1/22/2022 289 - 9.4% 19 + 46.2%
50
1/29/2022 315 - 13.5% 15 + 15.4%

0 2/5/2022 307 - 11.5% 17 + 54.5%

11/13/21 11/20/21 11/27/21 12/4/21 12/11/21 12/18/21 12/25/21 1/1/22 1/8/22 1/15/22 1/22/22 1/29/22 2/5/22 3-Month Avg. 258 - 5.5% 12 + 4.5%

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 1-2022

Current as of February 14, 2022. All data from ValleyMLS. Report © 2022 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
2,000
11/13/2021 1,636 - 11.2% 47 - 14.5%
1,800 11/20/2021 1,601 - 13.7% 50 - 7.4%
1,600 11/27/2021 1,554 - 13.6% 46 - 16.4%
12/4/2021 1,580 - 10.6% 48 - 15.8%
1,400
12/11/2021 1,540 - 13.5% 56 - 5.1%
1,200
12/18/2021 1,494 - 13.1% 51 - 17.7%
1,000 12/25/2021 1,464 - 11.6% 66 - 4.3%

800 1/1/2022 1,438 - 11.9% 61 - 6.2%

1/8/2022 1,329 - 16.2% 61 - 3.2%
600
1/15/2022 1,278 - 18.7% 64 + 4.9%
400
1/22/2022 1,302 - 14.6% 58 + 18.4%
200 1/29/2022 1,229 - 15.0% 45 0.0%

0 2/5/2022 1,211 - 11.0% 30 - 33.3%

11/13/21 11/20/21 11/27/21 12/4/21 12/11/21 12/18/21 12/25/21 1/1/22 1/8/22 1/15/22 1/22/22 1/29/22 2/5/22 3-Month Avg. 1,435 - 13.4% 53 - 7.6%

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 1-2022

Current as of February 14, 2022. All data from ValleyMLS. Report © 2022 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.

January Data for the

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

Feb-2021 31 - 43.6% 14 - 39.1%

55 Mar-2021 28 - 44.0% 25 - 24.2%
Apr-2021 25 - 46.8% 9 - 78.0%
May-2021 18 - 60.0% 22 - 56.9%

37 Jun-2021 16 - 59.0% 14 - 6.7%

Jul-2021 11 - 69.4% 15 - 34.8%
28 Aug-2021 12 - 66.7% 11 - 45.0%
Sep-2021 13 - 56.7% 16 - 30.4%
18
Oct-2021 16 - 42.9% 12 - 74.5%
12 12 Nov-2021 17 - 37.0% 9 - 71.0%
Dec-2021 16 - 40.7% 9 - 43.8%
2020 2021 2022 2020 2021 2022 Jan-2022 18 - 35.7% 12 0.0%
+ 14.2% - 35.7% - 67.6% 0.0% Average 18 - 51.0% 14 - 46.6%
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 1-2022

Current as of February 14, 2022. All data from ValleyMLS. Report © 2022 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.

January Data for the

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

Feb-2021 $240,000 + 20.5% $184,250 + 35.5%

$277,726
Mar-2021 $252,900 + 17.6% $220,510 + 47.0%
$237,570 Apr-2021 $256,175 + 16.6% $190,000 + 26.7%
$208,000 $205,000 May-2021 $260,000 + 15.6% $248,450 + 45.3%
$196,000
Jun-2021 $269,900 + 17.4% $175,000 + 7.0%
Jul-2021 $275,000 + 19.6% $196,000 + 1.8%
$130,750 Aug-2021 $272,002 + 16.4% $234,500 + 73.7%
Sep-2021 $275,000 + 19.3% $194,750 - 12.5%
Oct-2021 $279,092 + 19.5% $235,000 + 25.0%
Nov-2021 $282,000 + 20.1% $239,900 - 2.2%
Dec-2021 $293,435 + 19.8% $210,000 + 2.4%
2020 2021 2022 2020 2021 2022 Jan-2022 $277,726 + 16.9% $205,000 + 4.6%
+ 14.2% + 16.9% + 49.9% + 4.6% Median $269,900 + 17.4% $213,760 + 17.5%
Single Family Townhouse/Condo

Historical Median Sales Price Single Family Townhouse/Condo

$350,000

$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 1-2022

Current as of February 14, 2022. All data from ValleyMLS. Report © 2022 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.

January Data for the

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

Feb-2021 99.5% + 1.4% 100.5% + 1.3%

98.5% 99.4% 99.9% 97.9% 101.0% 101.9% 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% 102.2% + 2.3%
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%
Nov-2021 100.0% + 0.8% 102.1% + 0.8%
Dec-2021 100.0% + 0.7% 102.3% + 1.6%
2020 2021 2022 2020 2021 2022 Jan-2022 99.9% + 0.5% 101.9% + 0.9%
+ 0.9% + 0.5% + 3.2% + 0.9% Average 100.6% + 1.6% 101.6% + 1.8%
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 1-2022

Current as of February 14, 2022. All data from ValleyMLS. Report © 2022 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.

January Data for the

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

Feb-2021 150 - 9.6% 195 - 20.1%

Mar-2021 138 - 11.0% 159 - 28.4%
250 Apr-2021 137 - 10.5% 185 - 17.8%
May-2021 136 - 9.9% 143 - 27.8%
185 174 Jun-2021 131 - 12.1% 202 - 3.3%
157 152 Jul-2021 130 - 13.9% 182 + 1.1%
129 Aug-2021 131 - 12.1% 152 - 41.3%
Sep-2021 130 - 14.5% 184 + 16.5%
Oct-2021 128 - 15.2% 152 - 19.1%
Nov-2021 127 - 15.9% 149 + 2.8%
Dec-2021 122 - 16.4% 170 - 2.9%
2020 2021 2022 2020 2021 2022 Jan-2022 129 - 15.1% 174 - 5.9%
- 3.2% - 15.1% - 26.0% - 5.9% Average 132 - 14.1% 171 - 4.0%
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 1-2022

Current as of February 14, 2022. All data from ValleyMLS. Report © 2022 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.

January Data for the

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

Feb-2021 0.9 - 59.1% 0.8 - 50.0%

2.3 Mar-2021 0.9 - 59.1% 0.8 - 50.0%
Apr-2021 0.9 - 59.1% 0.6 - 66.7%
May-2021 0.9 - 55.0% 0.8 - 52.9%
1.6 Jun-2021 0.9 - 50.0% 0.8 - 60.0%
Jul-2021 1.1 - 35.3% 0.8 - 55.6%
Aug-2021 1.1 - 31.3% 1.0 - 23.1%
1.0 0.9
0.8 Sep-2021 1.2 - 20.0% 0.9 - 18.2%
Oct-2021 1.2 - 14.3% 0.7 - 30.0%
0.5
Nov-2021 1.2 - 7.7% 0.8 - 27.3%
Dec-2021 1.1 - 8.3% 1.0 - 9.1%
2020 2021 2022 2020 2021 2022 Jan-2022 0.9 - 10.0% 0.5 - 37.5%
- 56.5% - 10.0% - 50.0% - 37.5% Average 1.0 - 39.7% 0.8 - 42.8%
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 1-2022

Current as of February 14, 2022. All data from ValleyMLS. Report © 2022 ShowingTime. | 9