Weekly Market Activity Report

For Week Ending March 19, 2022 Quick Facts

Data current as of March 28, 2022
Rising sales prices and a surge in mortgage rates haven’t been enough to cool demand + 16.7% 0.0% + 7.2% - 12.5% - 8.0% - 11.3%
and ease competition heading into the spring market. Agents are reporting homes are
Single Family Townhouse/Condo Single Family Townhouse/Condo Single Family Townhouse/Condo
selling at lightning speed and often with multiple offers. According to the National
Association of REALTORS®, 84% listings were on the market less than 30 days last Year-Over-Year Change Year-Over-Year Change Year-Over-Year Change
month, with an average of 5 offers on each home sold, and 48% of offers above list New Listings Pending Sales Homes for Sale
price nationwide.

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 March 19:
• New Listings increased 16.7% to 350
• Pending Sales increased 7.2% to 312
• Inventory decreased 8.0% to 1,117 Metrics by Week
New Listings 2
For the month of February: Pending Sales 3
• Median Sales Price increased 23.7% to $296,789 Inventory of Homes for Sale 4
• Days on Market decreased 35.5% to 20
• Pct of List Price Rec'd increased 1.0% to 100.5%
• Months Supply remained flat at 0.9 Metrics by Month
Days on Market 5
TOWNHOUSE/CONDO Median Sales Price 6
For the week ending March 19: Percent of List Price Received 7
• New Listings remained flat at 16 Housing Affordability Index 8
• Pending Sales decreased 12.5% to 14
• Inventory decreased 11.3% to 47
Months Supply of Inventory 9

For the month of February:

• Median Sales Price increased 14.0% to $210,000
• Days on Market decreased 14.3% to 12
• Pct of List Price Rec'd increased 0.9% to 101.4%
• Months Supply increased 12.5% to 0.9

Current as of March 28, 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
12/25/2021 163 + 12.4% 5 + 25.0%

350 1/1/2022 168 + 4.3% 3 - 76.9%

1/8/2022 249 - 10.8% 11 - 45.0%
300
1/15/2022 332 + 11.8% 13 + 30.0%

250
1/22/2022 303 + 21.7% 19 + 280.0%
1/29/2022 283 - 4.4% 20 + 42.9%
200 2/5/2022 370 + 31.2% 30 + 150.0%
2/12/2022 321 + 4.6% 20 + 122.2%
150
2/19/2022 332 + 23.0% 22 + 340.0%
100 2/26/2022 341 + 12.2% 12 - 45.5%
3/5/2022 341 + 7.2% 13 0.0%
50
3/12/2022 340 - 7.1% 13 - 55.2%

0 3/19/2022 350 + 16.7% 16 0.0%

12/25/21 1/1/22 1/8/22 1/15/22 1/22/22 1/29/22 2/5/22 2/12/22 2/19/22 2/26/22 3/5/22 3/12/22 3/19/22 3-Month Avg. 299 + 8.9% 15 + 14.5%

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 March 28, 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
12/25/2021 174 + 4.2% 14 + 75.0%

350 1/1/2022 203 + 12.8% 2 - 83.3%

1/8/2022 215 - 17.3% 7 - 61.1%
300
1/15/2022 286 - 4.0% 18 0.0%

250
1/22/2022 279 - 12.3% 17 + 30.8%
1/29/2022 301 - 17.5% 15 + 15.4%
200 2/5/2022 288 - 17.2% 16 + 45.5%
2/12/2022 329 + 14.6% 6 - 33.3%
150
2/19/2022 316 + 11.7% 17 + 54.5%
100 2/26/2022 320 + 6.7% 15 - 11.8%
3/5/2022 338 + 4.6% 13 + 30.0%
50
3/12/2022 327 - 1.8% 15 + 7.1%

0 3/19/2022 312 + 7.2% 14 - 12.5%

12/25/21 1/1/22 1/8/22 1/15/22 1/22/22 1/29/22 2/5/22 2/12/22 2/19/22 2/26/22 3/5/22 3/12/22 3/19/22 3-Month Avg. 284 - 1.7% 13 - 0.6%

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 March 28, 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
1,800
12/25/2021 1,472 - 11.3% 74 + 7.2%
1,600 1/1/2022 1,449 - 11.4% 69 + 6.2%
1/8/2022 1,346 - 15.3% 69 + 9.5%
1,400
1/15/2022 1,298 - 17.6% 72 + 18.0%
1,200
1/22/2022 1,330 - 13.0% 68 + 38.8%

1,000 1/29/2022 1,276 - 11.9% 57 + 26.7%

2/5/2022 1,282 - 5.9% 43 - 4.4%
800
2/12/2022 1,276 - 0.9% 45 + 4.7%
600 2/19/2022 1,198 - 7.4% 61 + 52.5%
2/26/2022 1,220 - 1.5% 59 + 40.5%
400
3/5/2022 1,176 - 4.9% 52 + 15.6%
200 3/12/2022 1,143 - 5.7% 50 + 8.7%

0 3/19/2022 1,117 - 8.0% 47 - 11.3%

12/25/21 1/1/22 1/8/22 1/15/22 1/22/22 1/29/22 2/5/22 2/12/22 2/19/22 2/26/22 3/5/22 3/12/22 3/19/22 3-Month Avg. 1,276 - 9.3% 59 + 15.0%

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 March 28, 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.

February Data for the

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

Mar-2021 28 - 44.0% 25 - 24.2%

55 Apr-2021 25 - 46.8% 9 - 78.0%
May-2021 18 - 60.0% 22 - 56.9%
Jun-2021 16 - 59.0% 14 - 6.7%
Jul-2021 12 - 66.7% 15 - 34.8%

31 Aug-2021 12 - 66.7% 11 - 45.0%

Sep-2021 13 - 56.7% 16 - 30.4%
23 Oct-2021 16 - 42.9% 12 - 74.5%
20
14 Nov-2021 17 - 37.0% 9 - 71.0%
12 Dec-2021 16 - 40.7% 9 - 43.8%
Jan-2022 18 - 35.7% 12 0.0%
2020 2021 2022 2020 2021 2022 Feb-2022 20 - 35.5% 12 - 14.3%
+ 20.5% - 35.5% - 39.1% - 14.3% Average 17 - 50.9% 14 - 46.0%
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 March 28, 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.

February Data for the

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

Mar-2021 $252,900 + 17.6% $220,510 + 47.0%

$296,789 Apr-2021 $256,175 + 16.6% $190,000 + 26.7%

May-2021 $260,000 + 15.6% $248,450 + 45.3%
$240,000 Jun-2021 $269,900 + 17.4% $175,000 + 7.0%

$199,220 $210,000 Jul-2021 $275,000 + 19.6% $196,000 + 1.8%

$184,250 Aug-2021 $272,002 + 16.4% $234,500 + 73.7%
Sep-2021 $275,000 + 19.3% $194,750 - 12.5%
$135,950
Oct-2021 $279,092 + 19.5% $235,000 + 25.0%
Nov-2021 $281,905 + 20.0% $239,900 - 2.2%
Dec-2021 $293,435 + 19.8% $210,000 + 2.4%
Jan-2022 $277,000 + 16.6% $205,000 + 4.6%
2020 2021 2022 2020 2021 2022 Feb-2022 $296,789 + 23.7% $210,000 + 14.0%
+ 20.5% + 23.7% + 35.5% + 14.0% Median $272,550 + 17.6% $214,555 + 16.0%
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 March 28, 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.

February Data for the

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

Mar-2021 100.1% + 1.8% 100.7% + 1.1%

98.1% 99.5% 100.5% 99.2% 100.5% 101.4% 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%
Jan-2022 99.9% + 0.5% 101.9% + 0.9%
2020 2021 2022 2020 2021 2022 Feb-2022 100.5% + 1.0% 101.4% + 0.9%
+ 1.4% + 1.0% + 1.3% + 0.9% Average 100.6% + 1.6% 101.7% + 1.7%
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 March 28, 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.

February Data for the

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

Mar-2021 138 - 11.0% 159 - 28.4%

Apr-2021 137 - 10.5% 185 - 17.8%
244 May-2021 136 - 9.9% 143 - 27.8%
Jun-2021 131 - 12.1% 202 - 3.3%
195 Jul-2021 130 - 13.9% 182 + 1.1%
166 170
Aug-2021 131 - 12.1% 152 - 41.3%
150
Sep-2021 130 - 14.5% 184 + 16.5%
120
Oct-2021 128 - 15.2% 152 - 19.1%
Nov-2021 127 - 15.9% 149 + 2.8%
Dec-2021 122 - 16.4% 170 - 2.9%
Jan-2022 129 - 15.1% 174 - 5.9%
2020 2021 2022 2020 2021 2022 Feb-2022 120 - 20.0% 170 - 12.8%
- 9.6% - 20.0% - 20.1% - 12.8% Average 130 - 13.6% 169 - 4.2%
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 March 28, 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.

February Data for the

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

Mar-2021 0.9 - 59.1% 0.7 - 56.3%

2.2 Apr-2021 0.9 - 59.1% 0.6 - 66.7%

May-2021 0.9 - 55.0% 0.8 - 52.9%
Jun-2021 0.9 - 50.0% 0.8 - 60.0%
1.6 Jul-2021 1.1 - 35.3% 0.8 - 55.6%
Aug-2021 1.2 - 25.0% 0.9 - 30.8%
Sep-2021 1.2 - 20.0% 0.9 - 18.2%
0.9 0.9 0.9 Oct-2021 1.2 - 14.3% 0.8 - 20.0%
0.8
Nov-2021 1.2 - 7.7% 0.8 - 27.3%
Dec-2021 1.1 - 8.3% 1.2 + 9.1%
Jan-2022 1.0 0.0% 0.7 - 12.5%
2020 2021 2022 2020 2021 2022 Feb-2022 0.9 0.0% 0.9 + 12.5%
- 59.1% 0.0% - 50.0% + 12.5% Average 1.0 - 35.4% 0.8 - 37.4%
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 March 28, 2022. All data from ValleyMLS. Report © 2022 ShowingTime. | 9