Weekly Market Activity Report

For Week Ending June 4, 2022 Quick Facts

Data current as of June 13, 2022
The slowdown in the U.S. housing market is causing lumber prices to plummet. + 43.3% + 107.1% + 10.0% 0.0% + 40.5% + 54.3%
Nationally, lumber prices fell 12% the week ending June 3 and are down 47% year-to-
Single Family Townhouse/Condo Single Family Townhouse/Condo Single Family Townhouse/Condo
date, representing a 65% decline from 2021’s record high of $1,733 per thousand
board feet, according to the National Association of Home Builders (NAHB). That could Year-Over-Year Change Year-Over-Year Change Year-Over-Year Change
be good news for prospective homebuyers, who have watched lumber prices skyrocket New Listings Pending Sales Homes for Sale
during the pandemic, adding more than $18,600 to the average price of a new single-
family home in the past year.
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 June 4:
• New Listings increased 43.3% to 430
• Pending Sales increased 10.0% to 329
• Inventory increased 40.5% to 1,706 Metrics by Week
New Listings 2
For the month of May: Pending Sales 3
• Median Sales Price increased 20.7% to $313,840 Inventory of Homes for Sale 4
• Days on Market decreased 22.2% to 14
• Pct of List Price Rec'd decreased 0.5% to 100.9%
• Months Supply increased 44.4% to 1.3 Metrics by Month
Days on Market 5
TOWNHOUSE/CONDO Median Sales Price 6
For the week ending June 4: Percent of List Price Received 7
• New Listings increased 107.1% to 29 Housing Affordability Index 8
• Pending Sales remained flat at 21
• Inventory increased 54.3% to 71
Months Supply of Inventory 9

For the month of May:

• Median Sales Price decreased 0.4% to $247,500
• Days on Market decreased 59.1% to 9
• Pct of List Price Rec'd decreased 0.9% to 100.9%
• Months Supply increased 37.5% to 1.1

Current as of June 13, 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
3/12/2022 335 - 8.5% 13 - 55.2%
450 3/19/2022 347 + 15.7% 16 0.0%
400 3/26/2022 347 + 1.5% 16 + 33.3%
4/2/2022 438 + 40.8% 22 + 100.0%
350
4/9/2022 390 + 6.3% 14 - 17.6%
300
4/16/2022 365 + 4.3% 38 + 245.5%
250 4/23/2022 430 + 15.3% 9 - 30.8%

200 4/30/2022 402 - 1.2% 13 + 116.7%

5/7/2022 425 + 16.1% 21 + 10.5%
150
5/14/2022 371 + 4.2% 22 + 69.2%
100
5/21/2022 430 + 21.1% 14 + 7.7%
50 5/28/2022 433 + 28.9% 13 - 13.3%

0 6/4/2022 430 + 43.3% 29 + 107.1%

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 6/4/22 3-Month Avg. 396 + 13.6% 18 + 27.0%

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 13, 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
3/12/2022 315 - 5.7% 12 - 14.3%

350 3/19/2022 297 + 1.4% 14 - 12.5%

3/26/2022 305 - 8.1% 20 + 33.3%
300
4/2/2022 336 + 14.3% 10 + 25.0%

250
4/9/2022 342 + 3.0% 28 + 300.0%
4/16/2022 337 - 0.3% 14 - 12.5%
200 4/23/2022 313 - 15.9% 15 + 15.4%
4/30/2022 279 - 16.5% 13 + 8.3%
150
5/7/2022 323 + 2.5% 14 + 180.0%
100 5/14/2022 286 - 2.4% 16 + 14.3%
5/21/2022 350 + 8.0% 14 + 7.7%
50
5/28/2022 309 + 1.6% 10 - 23.1%

0 6/4/2022 329 + 10.0% 21 0.0%

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 6/4/22 3-Month Avg. 317 - 1.0% 15 + 20.4%

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 13, 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
3/12/2022 1,216 + 0.4% 56 + 21.7%
1,600 3/19/2022 1,211 - 0.2% 55 + 3.8%
3/26/2022 1,234 + 3.4% 55 + 17.0%
1,400
4/2/2022 1,266 + 9.2% 55 + 22.2%
1,200
4/9/2022 1,295 + 11.7% 50 + 13.6%

1,000 4/16/2022 1,282 + 11.1% 45 - 2.2%

4/23/2022 1,321 + 16.4% 64 + 68.4%
800
4/30/2022 1,401 + 24.5% 59 + 51.3%
600 5/7/2022 1,445 + 25.1% 56 + 55.6%
5/14/2022 1,512 + 29.7% 66 + 50.0%
400
5/21/2022 1,566 + 31.3% 66 + 50.0%
200 5/28/2022 1,623 + 37.9% 64 + 39.1%

0 6/4/2022 1,706 + 40.5% 71 + 54.3%

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 6/4/22 3-Month Avg. 1,391 + 18.5% 59 + 32.8%

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 1-2022 5-2022

Current as of June 13, 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.

May Data for the

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

Jun-2021 16 - 59.0% 14 - 6.7%

Jul-2021 12 - 66.7% 15 - 34.8%
51 Aug-2021 12 - 66.7% 11 - 45.0%
45 Sep-2021 13 - 56.7% 16 - 30.4%
Oct-2021 16 - 42.9% 12 - 74.5%
Nov-2021 17 - 37.0% 9 - 71.0%
Dec-2021 16 - 40.7% 9 - 43.8%
22 Jan-2022 18 - 35.7% 12 0.0%
18 Feb-2022 20 - 35.5% 12 - 14.3%
14
9 Mar-2022 18 - 35.7% 8 - 68.0%
Apr-2022 13 - 48.0% 8 - 11.1%
2020 2021 2022 2020 2021 2022 May-2022 14 - 22.2% 9 - 59.1%
+ 15.6% - 22.2% - 56.9% - 59.1% Average 15 - 49.2% 11 - 49.3%
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 13, 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.

May Data for the

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

Jun-2021 $269,900 + 17.4% $175,000 + 7.0%

$313,840 Jul-2021 $275,000 + 19.6% $196,000 + 1.8%
Aug-2021 $272,042 + 16.4% $234,500 + 73.7%
$260,000 $248,450 $247,500 Sep-2021 $275,000 + 19.3% $194,750 - 12.5%
$224,845
Oct-2021 $278,958 + 19.5% $235,000 + 25.0%
Nov-2021 $281,905 + 20.0% $239,900 - 2.2%
$171,000
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%
Apr-2022 $311,889 + 21.7% $225,000 + 18.4%
2020 2021 2022 2020 2021 2022 May-2022 $313,840 + 20.7% $247,500 - 0.4%
+ 15.6% + 20.7% + 45.3% - 0.4% Median $286,000 + 19.2% $220,000 + 8.8%
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 13, 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.

May Data for the

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

Jun-2021 101.6% + 2.5% 102.2% + 2.3%

98.8% 101.4% 100.9% 99.4% 101.8% 100.9% 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%
Apr-2022 101.3% + 0.6% 102.4% - 0.4%
2020 2021 2022 2020 2021 2022 May-2022 100.9% - 0.5% 100.9% - 0.9%
+ 2.6% - 0.5% + 2.4% - 0.9% Average 100.7% + 1.1% 101.6% + 1.1%
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 1-2022

Current as of June 13, 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.

May Data for the

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

Jun-2021 131 - 12.1% 202 - 3.3%

Jul-2021 130 - 13.9% 182 + 1.1%
198 Aug-2021 129 - 13.4% 149 - 42.5%
Sep-2021 126 - 17.1% 178 + 12.7%

151 143
Oct-2021 124 - 17.9% 148 - 21.3%
136 Nov-2021 126 - 16.6% 149 + 2.8%
111 Dec-2021 116 - 20.5% 161 - 8.0%
88 Jan-2022 118 - 22.4% 160 - 13.5%
Feb-2022 109 - 27.3% 154 - 21.0%
Mar-2022 97 - 29.7% 128 - 19.5%
Apr-2022 88 - 35.8% 122 - 34.1%
2020 2021 2022 2020 2021 2022 May-2022 88 - 35.3% 111 - 22.4%
- 9.9% - 35.3% - 27.8% - 22.4% Average 115 - 13.6% 154 - 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 13, 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.

May Data for the

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

Jun-2021 0.9 - 50.0% 0.8 - 60.0%

Jul-2021 1.1 - 35.3% 0.8 - 55.6%
2.0 Aug-2021 1.2 - 25.0% 0.9 - 30.8%
Sep-2021 1.2 - 20.0% 0.9 - 18.2%
1.7
Oct-2021 1.2 - 14.3% 0.8 - 20.0%
1.3 Nov-2021 1.2 - 7.7% 0.9 - 18.2%
1.1 Dec-2021 1.1 - 8.3% 1.2 + 9.1%
0.9 Jan-2022 1.0 0.0% 0.8 0.0%
0.8
Feb-2022 0.9 0.0% 1.0 + 25.0%
Mar-2022 1.0 + 11.1% 1.0 + 42.9%
Apr-2022 1.1 + 22.2% 1.0 + 66.7%
2020 2021 2022 2020 2021 2022 May-2022 1.3 + 44.4% 1.1 + 37.5%
- 55.0% + 44.4% - 52.9% + 37.5% Average 1.1 - 12.9% 0.9 - 14.9%
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 13, 2022. All data from ValleyMLS. Report © 2022 ShowingTime. | 9