Weekly Market Activity Report

For Week Ending May 28, 2022 Quick Facts

Data current as of June 6, 2022
Nationally, home sales and contract signings continue to soften compared to last + 28.9% - 13.3% + 4.3% - 23.1% + 35.9% + 43.5%
year's pace, while sellers are working quickly to list their homes and cash in on the
Single Family Townhouse/Condo Single Family Townhouse/Condo Single Family Townhouse/Condo
remaining buyer demand. Realtor.com reports new listings are growing nearly twice as
fast nationwide in May compared to this time a year ago, leading to a greater Year-Over-Year Change Year-Over-Year Change Year-Over-Year Change
availability of homes for sale. As inventory inches upward and competition eases, New Listings Pending Sales Homes for Sale
sellers are having to adjust to the shifting landscape, with an increase in price
reductions reported across many markets.
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 May 28:
• New Listings increased 28.9% to 433
• Pending Sales increased 4.3% to 317
• Inventory increased 35.9% to 1,599 Metrics by Week
New Listings 2
For the month of April: Pending Sales 3
• Median Sales Price increased 21.7% to $311,842 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 22.2% to 1.1 Metrics by Month
Days on Market 5
TOWNHOUSE/CONDO Median Sales Price 6
For the week ending May 28: Percent of List Price Received 7
• New Listings decreased 13.3% to 13 Housing Affordability Index 8
• Pending Sales decreased 23.1% to 10
• Inventory increased 43.5% to 66
Months Supply of Inventory 9

For the month of April:

• Median Sales Price increased 18.4% to $225,000
• Days on Market decreased 11.1% to 8
• Pct of List Price Rec'd decreased 0.4% to 102.4%
• Months Supply increased 66.7% to 1.0

Current as of June 6, 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
3/5/2022 339 + 6.6% 13 0.0%
450 3/12/2022 336 - 8.2% 13 - 55.2%
400 3/19/2022 347 + 15.7% 16 0.0%
3/26/2022 347 + 1.5% 16 + 33.3%
350
4/2/2022 438 + 40.8% 22 + 100.0%
300
4/9/2022 390 + 6.3% 14 - 17.6%
250 4/16/2022 366 + 4.6% 38 + 245.5%

200 4/23/2022 431 + 15.5% 10 - 23.1%

4/30/2022 402 - 1.2% 13 + 116.7%
150
5/7/2022 424 + 15.8% 21 + 10.5%
100
5/14/2022 370 + 3.9% 23 + 76.9%
50 5/21/2022 431 + 21.4% 14 + 7.7%

0 5/28/2022 433 + 28.9% 13 - 13.3%

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 5/7/22 5/14/22 5/21/22 5/28/22 3-Month Avg. 389 + 11.2% 17 + 20.2%

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 June 6, 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
3/5/2022 330 + 1.9% 13 + 30.0%

350 3/12/2022 316 - 5.4% 12 - 14.3%

3/19/2022 297 + 1.4% 14 - 12.5%
300
3/26/2022 305 - 8.1% 20 + 33.3%

250
4/2/2022 336 + 14.3% 10 + 25.0%
4/9/2022 341 + 2.7% 28 + 300.0%
200 4/16/2022 335 - 0.9% 14 - 12.5%
4/23/2022 313 - 15.9% 15 + 15.4%
150
4/30/2022 285 - 14.7% 14 + 16.7%
100 5/7/2022 325 + 3.2% 14 + 180.0%
5/14/2022 293 0.0% 16 + 14.3%
50
5/21/2022 353 + 9.0% 14 + 7.7%

0 5/28/2022 317 + 4.3% 10 - 23.1%

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 5/7/22 5/14/22 5/21/22 5/28/22 3-Month Avg. 319 - 1.0% 15 + 24.4%

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 5-2022

Current as of June 6, 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
3/5/2022 1,232 - 0.2% 56 + 24.4%
1,600 3/12/2022 1,216 + 0.4% 56 + 21.7%
3/19/2022 1,211 - 0.2% 55 + 3.8%
1,400
3/26/2022 1,234 + 3.4% 56 + 19.1%
1,200
4/2/2022 1,266 + 9.2% 56 + 24.4%

1,000 4/9/2022 1,295 + 11.7% 51 + 15.9%

4/16/2022 1,283 + 11.2% 46 0.0%
800
4/23/2022 1,322 + 16.5% 65 + 71.1%
600 4/30/2022 1,397 + 24.2% 60 + 53.8%
5/7/2022 1,439 + 24.6% 57 + 58.3%
400
5/14/2022 1,502 + 28.8% 67 + 52.3%
200 5/21/2022 1,545 + 29.5% 68 + 54.5%

0 5/28/2022 1,599 + 35.9% 66 + 43.5%

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 5/7/22 5/14/22 5/21/22 5/28/22 3-Month Avg. 1,349 + 14.8% 58 + 32.5%

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 5-2022

Current as of June 6, 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 8 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% 8 - 11.1%
+ 16.6% - 48.0% - 78.0% - 11.1% Average 15 - 51.6% 12 - 48.3%
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 June 6, 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%

$311,842 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 $225,000
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 $277,363 + 16.8% $205,000 + 4.6%
Feb-2022 $296,789 + 23.7% $210,000 + 14.0%
Mar-2022 $304,950 + 20.6% $230,000 + 4.3%
2020 2021 2022 2020 2021 2022 Apr-2022 $311,842 + 21.7% $225,000 + 18.4%
+ 16.6% + 21.7% + 26.7% + 18.4% Median $280,515 + 17.9% $220,000 + 11.0%
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 June 6, 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% 102.4% 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%
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% 102.4% - 0.4%
+ 2.0% + 0.6% + 3.4% - 0.4% 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 June 6, 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 Oct-2021 124 - 17.9% 148 - 21.3%
122
Nov-2021 126 - 16.6% 149 + 2.8%
88 Dec-2021 116 - 20.5% 161 - 8.0%
Jan-2022 118 - 22.4% 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% 122 - 34.1%
- 10.5% - 35.8% - 17.8% - 34.1% Average 119 - 13.6% 156 - 6.5%
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 June 6, 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% 0.8 - 20.0%
1.1 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 1.1 + 22.2% 1.0 + 66.7%
- 59.1% + 22.2% - 66.7% + 66.7% Average 1.1 - 21.7% 0.9 - 22.8%
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 June 6, 2022. All data from ValleyMLS. Report © 2022 ShowingTime. | 9