Weekly Market Activity Report

For Week Ending April 30, 2022 Quick Facts

Data current as of May 9, 2022
70% of metropolitan areas saw the median existing-home sales price rise by double - 1.5% + 116.7% - 3.6% + 16.7% + 17.2% + 51.3%
digits annually in the first quarter of 2022, up from 66% of metro areas in the previous
Single Family Townhouse/Condo Single Family Townhouse/Condo Single Family Townhouse/Condo
quarter, according to the National Association of REALTORS® (NAR) latest quarterly
report. In 27 U.S. markets, buyers needed at least $100,000 annual income to afford a Year-Over-Year Change Year-Over-Year Change Year-Over-Year Change
10% down payment, with first time buyers typically spending 28.4% of monthly income New Listings Pending Sales Homes for Sale
on mortgage payments, exceeding the 25% threshold NAR considers unaffordable.

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 April 30:
• New Listings decreased 1.5% to 401
• Pending Sales decreased 3.6% to 322
• Inventory increased 17.2% to 1,318 Metrics by Week
New Listings 2
For the month of April: Pending Sales 3
• Median Sales Price increased 21.7% to $311,795 Inventory of Homes for Sale 4
• Days on Market decreased 48.0% to 13
• Pct of List Price Rec'd increased 0.6% to 101.3%
• Months Supply increased 11.1% to 1.0 Metrics by Month
Days on Market 5
TOWNHOUSE/CONDO Median Sales Price 6
For the week ending April 30: Percent of List Price Received 7
• New Listings increased 116.7% to 13 Housing Affordability Index 8
• Pending Sales increased 16.7% to 14
• Inventory increased 51.3% to 59
Months Supply of Inventory 9

For the month of April:

• Median Sales Price increased 10.8% to $210,500
• Days on Market remained flat at 9
• Pct of List Price Rec'd decreased 0.1% to 102.7%
• Months Supply increased 66.7% to 1.0

Current as of May 9, 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
500
2/5/2022 367 + 30.6% 30 + 150.0%
450 2/12/2022 316 + 2.9% 20 + 122.2%
400 2/19/2022 331 + 22.6% 22 + 340.0%
2/26/2022 338 + 11.2% 12 - 45.5%
350
3/5/2022 339 + 6.6% 12 - 7.7%
300
3/12/2022 337 - 7.9% 13 - 55.2%
250 3/19/2022 348 + 16.0% 16 0.0%

200 3/26/2022 347 + 1.5% 16 + 33.3%

4/2/2022 438 + 40.8% 22 + 100.0%
150
4/9/2022 391 + 6.5% 14 - 17.6%
100
4/16/2022 370 + 5.7% 37 + 236.4%
50 4/23/2022 432 + 15.8% 10 - 23.1%

0 4/30/2022 401 - 1.5% 13 + 116.7%

2/5/22 2/12/22 2/19/22 2/26/22 3/5/22 3/12/22 3/19/22 3/26/22 4/2/22 4/9/22 4/16/22 4/23/22 4/30/22 3-Month Avg. 366 + 10.7% 18 + 34.7%

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 May 9, 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
2/5/2022 288 - 17.2% 16 + 45.5%

350 2/12/2022 322 + 12.2% 6 - 33.3%

2/19/2022 305 + 7.0% 17 + 54.5%
300
2/26/2022 319 + 6.3% 13 - 23.5%

250
3/5/2022 331 + 2.2% 13 + 30.0%
3/12/2022 318 - 4.8% 12 - 14.3%
200 3/19/2022 296 + 1.0% 14 - 12.5%
3/26/2022 308 - 7.2% 19 + 26.7%
150
4/2/2022 338 + 15.0% 11 + 37.5%
100 4/9/2022 351 + 5.7% 27 + 285.7%
4/16/2022 350 + 3.6% 13 - 18.8%
50
4/23/2022 336 - 9.7% 15 + 15.4%

0 4/30/2022 322 - 3.6% 14 + 16.7%

2/5/22 2/12/22 2/19/22 2/26/22 3/5/22 3/12/22 3/19/22 3/26/22 4/2/22 4/9/22 4/16/22 4/23/22 4/30/22 3-Month Avg. 322 + 0.3% 15 + 19.5%

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 May 9, 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
1,600
2/5/2022 1,290 - 5.4% 44 - 2.2%

1,400 2/12/2022 1,285 - 0.2% 46 + 7.0%

2/19/2022 1,218 - 5.9% 62 + 55.0%
1,200
2/26/2022 1,255 + 1.4% 61 + 45.2%

1,000
3/5/2022 1,226 - 0.8% 56 + 24.4%
3/12/2022 1,209 - 0.2% 55 + 19.6%
800 3/19/2022 1,202 - 1.0% 54 + 1.9%
3/26/2022 1,221 + 2.2% 55 + 17.0%
600
4/2/2022 1,251 + 7.8% 55 + 22.2%
400 4/9/2022 1,272 + 9.7% 49 + 11.4%
4/16/2022 1,246 + 8.0% 44 - 4.3%
200
4/23/2022 1,270 + 11.9% 63 + 65.8%

0 4/30/2022 1,318 + 17.2% 59 + 51.3%

2/5/22 2/12/22 2/19/22 2/26/22 3/5/22 3/12/22 3/19/22 3/26/22 4/2/22 4/9/22 4/16/22 4/23/22 4/30/22 3-Month Avg. 1,251 + 3.1% 54 + 22.7%

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 May 9, 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.

April Data for the

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

May-2021 18 - 60.0% 22 - 56.9%

47 Jun-2021 16 - 59.0% 14 - 6.7%
41 Jul-2021 12 - 66.7% 15 - 34.8%
Aug-2021 12 - 66.7% 11 - 45.0%
Sep-2021 13 - 56.7% 16 - 30.4%
Oct-2021 16 - 42.9% 12 - 74.5%
25
Nov-2021 17 - 37.0% 9 - 71.0%
Dec-2021 16 - 40.7% 9 - 43.8%
13 Jan-2022 18 - 35.7% 12 0.0%
9 9 Feb-2022 20 - 35.5% 12 - 14.3%
Mar-2022 18 - 35.7% 8 - 68.0%
2020 2021 2022 2020 2021 2022 Apr-2022 13 - 48.0% 9 0.0%
+ 16.6% - 48.0% - 78.0% 0.0% Average 15 - 51.6% 12 - 47.8%
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 May 9, 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.

April Data for the

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

May-2021 $260,000 + 15.6% $248,450 + 45.3%

$311,795 Jun-2021 $269,900 + 17.4% $175,000 + 7.0%
Jul-2021 $275,000 + 19.6% $196,000 + 1.8%
$256,175
Aug-2021 $272,042 + 16.4% $234,500 + 73.7%
$219,645 $210,500 Sep-2021 $275,000 + 19.3% $194,750 - 12.5%
$190,000 Oct-2021 $278,958 + 19.5% $235,000 + 25.0%
$150,000 Nov-2021 $281,905 + 20.0% $239,900 - 2.2%
Dec-2021 $293,218 + 19.7% $210,000 + 2.4%
Jan-2022 $277,000 + 16.6% $205,000 + 4.6%
Feb-2022 $296,789 + 23.7% $210,000 + 14.0%
Mar-2022 $305,000 + 20.6% $230,000 + 4.3%
2020 2021 2022 2020 2021 2022 Apr-2022 $311,795 + 21.7% $210,500 + 10.8%
+ 16.6% + 21.7% + 26.7% + 10.8% Median $280,723 + 18.0% $215,060 + 8.5%
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 May 9, 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.

April Data for the

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

May-2021 101.4% + 2.6% 101.8% + 2.4%

98.7% 100.7% 101.3% 99.4% 102.8% 102.7% 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%
Feb-2022 100.4% + 0.9% 101.4% + 0.9%
Mar-2022 100.7% + 0.6% 100.9% + 0.2%
2020 2021 2022 2020 2021 2022 Apr-2022 101.3% + 0.6% 102.7% - 0.1%
+ 2.0% + 0.6% + 3.4% - 0.1% Average 100.7% + 1.4% 101.7% + 1.4%
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 May 9, 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.

April Data for the

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

May-2021 136 - 9.9% 143 - 27.8%

225 Jun-2021 131 - 12.1% 202 - 3.3%
Jul-2021 130 - 13.9% 182 + 1.1%
185 Aug-2021 129 - 13.4% 149 - 42.5%
153 Sep-2021 126 - 17.1% 178 + 12.7%
137 130 Oct-2021 124 - 17.9% 148 - 21.3%
Nov-2021 126 - 16.6% 149 + 2.8%
88 Dec-2021 116 - 20.5% 161 - 8.0%
Jan-2022 119 - 21.7% 160 - 13.5%
Feb-2022 109 - 27.3% 154 - 21.0%
Mar-2022 97 - 29.7% 128 - 19.5%
2020 2021 2022 2020 2021 2022 Apr-2022 88 - 35.8% 130 - 29.7%
- 10.5% - 35.8% - 17.8% - 29.7% Average 119 - 13.4% 157 - 5.2%
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
75
1-2015 1-2016 1-2017 1-2018 1-2019 1-2020 1-2021 1-2022

Current as of May 9, 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.

April Data for the

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

May-2021 0.9 - 55.0% 0.8 - 52.9%

2.2 Jun-2021 0.9 - 50.0% 0.8 - 60.0%

Jul-2021 1.1 - 35.3% 0.8 - 55.6%
1.8 Aug-2021 1.2 - 25.0% 0.9 - 30.8%
Sep-2021 1.2 - 20.0% 0.9 - 18.2%
Oct-2021 1.2 - 14.3% 0.7 - 30.0%

1.0 Nov-2021 1.2 - 7.7% 0.9 - 18.2%

1.0
0.9 Dec-2021 1.1 - 8.3% 1.2 + 9.1%
0.6 Jan-2022 1.0 0.0% 0.8 0.0%
Feb-2022 0.9 0.0% 1.0 + 25.0%
Mar-2022 1.0 + 11.1% 1.0 + 42.9%
2020 2021 2022 2020 2021 2022 Apr-2022 1.0 + 11.1% 1.0 + 66.7%
- 59.1% + 11.1% - 66.7% + 66.7% Average 1.1 - 22.4% 0.9 - 23.2%
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 May 9, 2022. All data from ValleyMLS. Report © 2022 ShowingTime. | 9