Weekly Market Activity Report

For Week Ending June 11, 2022 Quick Facts

Data current as of June 21, 2022
To help fight rising inflation, which hit 8.6% as of last measure, the Federal Reserve + 26.4% + 72.7% - 3.6% - 23.5% + 46.4% + 78.6%
raised interest rates by three quarters of a percentage point, the largest interest rate
Single Family Townhouse/Condo Single Family Townhouse/Condo Single Family Townhouse/Condo
hike in 28 years. The U.S. central bank will boost its short-term policy rate to 1.50% -
1.75%, increasing consumer borrowing costs on everything from credit cards to car Year-Over-Year Change Year-Over-Year Change Year-Over-Year Change
loans. This marks the third rate increase this year, with the Fed planning additional rate New Listings Pending Sales Homes for Sale
increases throughout the 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 11:
• New Listings increased 26.4% to 402
• Pending Sales decreased 3.6% to 319
• Inventory increased 46.4% to 1,765 Metrics by Week
New Listings 2
For the month of May: Pending Sales 3
• Median Sales Price increased 20.7% to $313,870 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 11: Percent of List Price Received 7
• New Listings increased 72.7% to 19 Housing Affordability Index 8
• Pending Sales decreased 23.5% to 13
• Inventory increased 78.6% to 75
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 50.0% to 1.2

Current as of June 21, 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
3/19/2022 347 + 15.7% 16 0.0%
450 3/26/2022 346 + 1.2% 16 + 33.3%
400 4/2/2022 437 + 40.5% 22 + 100.0%
4/9/2022 390 + 6.3% 14 - 17.6%
350
4/16/2022 365 + 4.3% 38 + 245.5%
300
4/23/2022 430 + 15.3% 10 - 23.1%
250 4/30/2022 402 - 1.2% 13 + 116.7%

200 5/7/2022 426 + 16.4% 21 + 10.5%

5/14/2022 371 + 4.2% 22 + 69.2%
150
5/21/2022 430 + 21.1% 14 + 7.7%
100
5/28/2022 433 + 28.9% 13 - 13.3%
50 6/4/2022 428 + 42.7% 29 + 107.1%

0 6/11/2022 402 + 26.4% 19 + 72.7%

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 6/11/22 3-Month Avg. 401 + 16.2% 19 + 44.4%

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 June 21, 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
3/19/2022 296 + 1.0% 14 - 12.5%

350 3/26/2022 304 - 8.4% 20 + 33.3%

4/2/2022 334 + 13.6% 10 + 25.0%
300
4/9/2022 340 + 2.4% 28 + 300.0%

250
4/16/2022 338 0.0% 14 - 12.5%
4/23/2022 310 - 16.7% 15 + 15.4%
200 4/30/2022 276 - 17.4% 13 + 8.3%
5/7/2022 321 + 1.9% 14 + 180.0%
150
5/14/2022 283 - 3.4% 16 + 14.3%
100 5/21/2022 345 + 6.5% 14 + 7.7%
5/28/2022 303 - 0.3% 10 - 23.1%
50
6/4/2022 325 + 8.7% 21 0.0%

0 6/11/2022 319 - 3.6% 13 - 23.5%

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 6/11/22 3-Month Avg. 315 - 1.6% 16 + 18.8%

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 21, 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
3/19/2022 1,207 - 0.5% 56 + 3.7%
1,800 3/26/2022 1,231 + 3.1% 56 + 16.7%
1,600 4/2/2022 1,262 + 8.9% 56 + 21.7%
4/9/2022 1,293 + 11.6% 51 + 13.3%
1,400
4/16/2022 1,282 + 11.1% 46 - 2.1%
1,200
4/23/2022 1,322 + 16.5% 65 + 66.7%
1,000 4/30/2022 1,405 + 24.9% 61 + 52.5%

800 5/7/2022 1,455 + 26.0% 58 + 56.8%

5/14/2022 1,524 + 30.7% 68 + 51.1%
600
5/21/2022 1,583 + 32.7% 68 + 51.1%
400
5/28/2022 1,644 + 39.7% 65 + 38.3%
200 6/4/2022 1,736 + 43.0% 72 + 53.2%

0 6/11/2022 1,765 + 46.4% 75 + 78.6%

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 6/11/22 3-Month Avg. 1,439 + 22.7% 61 + 36.9%

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 21, 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 21, 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%

$313,870 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 $313,870 + 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 21, 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 21, 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 21, 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 - 57.9%
2.0 Aug-2021 1.2 - 25.0% 1.0 - 23.1%

1.7 Sep-2021 1.2 - 20.0% 0.9 - 18.2%

Oct-2021 1.2 - 14.3% 0.8 - 20.0%
1.3 Nov-2021 1.2 - 7.7% 0.9 - 18.2%
1.2 Dec-2021 1.1 - 8.3% 1.2 + 9.1%
0.9 0.8 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 + 25.0%
Apr-2022 1.1 + 22.2% 1.0 + 66.7%
2020 2021 2022 2020 2021 2022 May-2022 1.3 + 44.4% 1.2 + 50.0%
- 55.0% + 44.4% - 52.9% + 50.0% Average 1.1 - 12.8% 0.9 - 14.7%
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 21, 2022. All data from ValleyMLS. Report © 2022 ShowingTime. | 9