Weekly Market Activity Report

For Week Ending June 25, 2022 Quick Facts

Data current as of July 5, 2022
Skyrocketing rents and surging homeownership costs are forcing many prospective + 24.3% - 28.1% - 14.9% - 83.8% + 58.5% + 77.3%
buyers to remain in the rental market. With the national median existing-home price
Single Family Townhouse/Condo Single Family Townhouse/Condo Single Family Townhouse/Condo
recently exceeding $400,000, and assuming a down payment of 3.5%, buyers would
need to come up with $14,000 down toward the typical median-priced home. That’s a Year-Over-Year Change Year-Over-Year Change Year-Over-Year Change
significant challenge for millions of renters, whom have a median savings of $1,500 or New Listings Pending Sales Homes for Sale
less, according to Harvard researchers’ State of the Nation’s Housing 2022 report.

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 25:
• New Listings increased 24.3% to 435
• Pending Sales decreased 14.9% to 291
• Inventory increased 58.5% to 1,954 Metrics by Week
New Listings 2
For the month of May: Pending Sales 3
• Median Sales Price increased 21.2% to $315,000 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 55.6% to 1.4 Metrics by Month
Days on Market 5
TOWNHOUSE/CONDO Median Sales Price 6
For the week ending June 25: Percent of List Price Received 7
• New Listings decreased 28.1% to 23 Housing Affordability Index 8
• Pending Sales decreased 83.8% to 6
• Inventory increased 77.3% to 78
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 July 5, 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
4/2/2022 434 + 39.5% 22 + 100.0%
450 4/9/2022 387 + 5.4% 14 - 17.6%
400 4/16/2022 360 + 2.9% 38 + 245.5%
4/23/2022 430 + 15.3% 10 - 23.1%
350
4/30/2022 401 - 1.5% 13 + 116.7%
300
5/7/2022 426 + 16.4% 21 + 10.5%
250 5/14/2022 371 + 4.2% 22 + 69.2%

200 5/21/2022 429 + 20.8% 15 + 15.4%

5/28/2022 432 + 28.6% 13 - 13.3%
150
6/4/2022 421 + 40.3% 29 + 107.1%
100
6/11/2022 401 + 26.1% 19 + 72.7%
50 6/18/2022 384 - 0.8% 9 - 60.9%

0 6/25/2022 435 + 24.3% 23 - 28.1%

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 6/18/22 6/25/22 3-Month Avg. 409 + 16.1% 19 + 25.3%

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 July 5, 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
4/2/2022 335 + 13.9% 10 + 25.0%

350 4/9/2022 338 + 1.8% 28 + 300.0%

4/16/2022 338 0.0% 14 - 12.5%
300
4/23/2022 308 - 17.2% 15 + 15.4%

250
4/30/2022 277 - 17.1% 13 + 8.3%
5/7/2022 318 + 1.0% 14 + 180.0%
200 5/14/2022 279 - 4.8% 15 + 7.1%
5/21/2022 343 + 5.9% 14 + 7.7%
150
5/28/2022 289 - 4.9% 10 - 23.1%
100 6/4/2022 316 + 5.7% 22 + 4.8%
6/11/2022 301 - 9.1% 13 - 23.5%
50
6/18/2022 317 - 2.2% 12 0.0%

0 6/25/2022 291 - 14.9% 6 - 83.8%

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 6/18/22 6/25/22 3-Month Avg. 312 - 3.6% 14 - 1.1%

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 July 5, 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
2,500
4/2/2022 1,270 + 9.5% 57 + 23.9%
4/9/2022 1,298 + 11.9% 52 + 15.6%
2,000 4/16/2022 1,290 + 11.7% 47 0.0%
4/23/2022 1,326 + 16.7% 66 + 69.2%
4/30/2022 1,411 + 25.3% 62 + 55.0%
1,500
5/7/2022 1,461 + 26.4% 59 + 59.5%
5/14/2022 1,536 + 31.6% 69 + 53.3%

1,000 5/21/2022 1,602 + 34.2% 70 + 55.6%

5/28/2022 1,668 + 41.6% 68 + 44.7%
6/4/2022 1,771 + 45.8% 75 + 59.6%
500
6/11/2022 1,805 + 49.5% 78 + 85.7%
6/18/2022 1,858 + 57.7% 79 + 97.5%

0 6/25/2022 1,954 + 58.5% 78 + 77.3%

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 6/18/22 6/25/22 3-Month Avg. 1,558 + 32.7% 66 + 52.5%

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 July 5, 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 - 49.3% 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 July 5, 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%

$315,000 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 $305,000 + 20.6% $230,000 + 4.3%
Apr-2022 $311,889 + 21.7% $225,000 + 18.4%
2020 2021 2022 2020 2021 2022 May-2022 $315,000 + 21.2% $247,500 - 0.4%
+ 15.6% + 21.2% + 45.3% - 0.4% Median $286,160 + 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 July 5, 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 July 5, 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%
87 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 87 - 36.0% 111 - 22.4%
- 9.9% - 36.0% - 27.8% - 22.4% Average 115 - 12.5% 154 - 8.3%
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 July 5, 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%
1.4 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 1.4 + 55.6% 1.2 + 50.0%
- 55.0% + 55.6% - 52.9% + 50.0% Average 1.1 - 12.3% 1.0 - 13.9%
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 July 5, 2022. All data from ValleyMLS. Report © 2022 ShowingTime. | 9