Weekly Market Activity Report

For Week Ending July 2, 2022 Quick Facts

Data current as of July 11, 2022
According to the U.S. Census Bureau, Baby Boomers own 32 million homes, + 10.8% - 46.7% - 15.1% - 27.3% + 66.1% + 102.1%
accounting for more than 40% of homes owned nationwide. As the second largest
Single Family Townhouse/Condo Single Family Townhouse/Condo Single Family Townhouse/Condo
population group continues to age and transitions to other housing options, the
Mortgage Bankers Association predicts more than 4 million existing homes will hit the Year-Over-Year Change Year-Over-Year Change Year-Over-Year Change
market annually over the next decade, boosting supply and helping to meet the New Listings Pending Sales Homes for Sale
growing homeownership demand of younger generations.

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 July 2:
• New Listings increased 10.8% to 421
• Pending Sales decreased 15.1% to 320
• Inventory increased 66.1% to 2,031 Metrics by Week
New Listings 2
For the month of June: Pending Sales 3
• Median Sales Price increased 16.7% to $315,000 Inventory of Homes for Sale 4
• Days on Market decreased 25.0% to 12
• Pct of List Price Rec'd decreased 0.9% to 100.7%
• Months Supply increased 77.8% to 1.6 Metrics by Month
Days on Market 5
TOWNHOUSE/CONDO Median Sales Price 6
For the week ending July 2: Percent of List Price Received 7
• New Listings decreased 46.7% to 8 Housing Affordability Index 8
• Pending Sales decreased 27.3% to 8
• Inventory increased 102.1% to 97
Months Supply of Inventory 9

For the month of June:

• Median Sales Price increased 11.4% to $195,000
• Days on Market decreased 42.9% to 8
• Pct of List Price Rec'd decreased 0.1% to 102.1%
• Months Supply increased 100.0% to 1.6

Current as of July 11, 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
4/9/2022 387 + 5.4% 14 - 17.6%
450 4/16/2022 359 + 2.6% 38 + 245.5%
400 4/23/2022 428 + 14.7% 10 - 23.1%
4/30/2022 400 - 1.7% 13 + 116.7%
350
5/7/2022 425 + 16.1% 21 + 10.5%
300
5/14/2022 371 + 4.2% 22 + 69.2%
250 5/21/2022 427 + 20.3% 15 + 15.4%

200 5/28/2022 432 + 28.6% 13 - 13.3%

6/4/2022 420 + 40.0% 29 + 107.1%
150
6/11/2022 400 + 25.8% 19 + 72.7%
100
6/18/2022 384 - 0.8% 9 - 60.9%
50 6/25/2022 436 + 24.6% 23 - 28.1%

0 7/2/2022 421 + 10.8% 8 - 46.7%

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 7/2/22 3-Month Avg. 407 + 13.9% 18 + 15.8%

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 11, 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
4/9/2022 338 + 1.8% 28 + 300.0%

350 4/16/2022 338 0.0% 14 - 12.5%

4/23/2022 307 - 17.5% 15 + 15.4%
300
4/30/2022 276 - 17.4% 13 + 8.3%

250
5/7/2022 316 + 0.3% 14 + 180.0%
5/14/2022 278 - 5.1% 15 + 7.1%
200 5/21/2022 342 + 5.6% 14 + 7.7%
5/28/2022 289 - 4.9% 10 - 23.1%
150
6/4/2022 312 + 4.3% 21 0.0%
100 6/11/2022 299 - 9.7% 13 - 23.5%
6/18/2022 309 - 4.6% 12 0.0%
50
6/25/2022 282 - 17.5% 5 - 86.5%

0 7/2/2022 320 - 15.1% 8 - 27.3%

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 7/2/22 3-Month Avg. 308 - 6.5% 14 - 4.7%

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 11, 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
4/9/2022 1,293 + 11.5% 52 + 15.6%
4/16/2022 1,284 + 11.2% 47 0.0%
2,000 4/23/2022 1,319 + 16.1% 66 + 69.2%
4/30/2022 1,405 + 24.8% 62 + 55.0%
5/7/2022 1,452 + 25.6% 59 + 59.5%
1,500
5/14/2022 1,530 + 31.1% 69 + 53.3%
5/21/2022 1,598 + 33.8% 70 + 55.6%

1,000 5/28/2022 1,665 + 41.3% 68 + 44.7%

6/4/2022 1,772 + 45.8% 75 + 59.6%
6/11/2022 1,808 + 49.8% 79 + 88.1%
500
6/18/2022 1,862 + 58.1% 80 + 100.0%
6/25/2022 1,965 + 59.4% 79 + 79.5%

0 7/2/2022 2,031 + 66.1% 97 + 102.1%

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 7/2/22 3-Month Avg. 1,614 + 36.9% 69 + 59.5%

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 11, 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.

June Data for the

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

Jul-2021 12 - 66.7% 15 - 34.8%

Aug-2021 12 - 66.7% 11 - 45.0%
39
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%
Jan-2022 18 - 35.7% 12 0.0%
16 15 Feb-2022 20 - 35.5% 12 - 14.3%
12 14
Mar-2022 18 - 35.7% 8 - 68.0%
8 Apr-2022 13 - 48.0% 8 - 11.1%
May-2022 14 - 22.2% 9 - 59.1%
2020 2021 2022 2020 2021 2022 Jun-2022 12 - 25.0% 8 - 42.9%
+ 17.4% - 25.0% - 6.7% - 42.9% Average 15 - 46.4% 11 - 50.5%
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 11, 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.

June Data for the

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

Jul-2021 $275,000 + 19.6% $196,000 + 1.8%

$315,000 Aug-2021 $272,042 + 16.4% $234,500 + 73.7%

$269,900 Sep-2021 $275,000 + 19.3% $194,750 - 12.5%

Oct-2021 $278,958 + 19.5% $235,000 + 25.0%
$229,900
Nov-2021 $281,905 + 20.0% $239,900 - 2.2%
$195,000
$175,000 Dec-2021 $293,218 + 19.7% $210,000 + 2.4%
$163,500
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 $311,990 + 21.8% $225,000 + 18.4%
May-2022 $315,000 + 21.2% $247,500 - 0.4%
2020 2021 2022 2020 2021 2022 Jun-2022 $315,000 + 16.7% $195,000 + 11.4%
+ 17.4% + 16.7% + 7.0% + 11.4% Median $290,000 + 18.7% $220,000 + 9.1%
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 11, 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.

June Data for the

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

Jul-2021 101.4% + 2.3% 103.3% + 3.7%

99.1% 101.6% 100.7% 99.9% 102.2% 102.1% 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%
May-2022 100.9% - 0.5% 100.9% - 0.9%
2020 2021 2022 2020 2021 2022 Jun-2022 100.7% - 0.9% 102.1% - 0.1%
+ 2.5% - 0.9% + 2.3% - 0.1% Average 100.6% + 0.8% 101.6% + 0.9%
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 11, 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.

June Data for the

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

Jul-2021 130 - 13.9% 182 + 1.1%

Aug-2021 129 - 13.4% 149 - 42.5%
209 202 Sep-2021 126 - 17.1% 178 + 12.7%
Oct-2021 124 - 17.9% 148 - 21.3%

149 Nov-2021 126 - 16.6% 149 + 2.8%

141
131 Dec-2021 116 - 20.5% 161 - 8.0%
Jan-2022 118 - 22.4% 160 - 13.5%
87 Feb-2022 109 - 27.3% 154 - 21.0%
Mar-2022 97 - 29.7% 128 - 19.5%
Apr-2022 88 - 35.8% 122 - 34.1%
May-2022 87 - 36.0% 111 - 22.4%
2020 2021 2022 2020 2021 2022 Jun-2022 87 - 33.6% 141 - 30.2%
- 12.1% - 33.6% - 3.3% - 30.2% Average 111 - 12.5% 149 - 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 11, 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.

June Data for the

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

Jul-2021 1.1 - 35.3% 0.8 - 57.9%

Aug-2021 1.2 - 25.0% 1.0 - 23.1%
2.0 Sep-2021 1.2 - 20.0% 0.9 - 18.2%
1.8 Oct-2021 1.2 - 14.3% 0.8 - 20.0%
1.6 1.6 Nov-2021 1.2 - 7.7% 0.9 - 18.2%
Dec-2021 1.1 - 8.3% 1.2 + 9.1%
Jan-2022 1.0 0.0% 0.8 0.0%
0.9 0.8 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%
May-2022 1.4 + 55.6% 1.2 + 50.0%
2020 2021 2022 2020 2021 2022 Jun-2022 1.6 + 77.8% 1.6 + 100.0%
- 50.0% + 77.8% - 60.0% + 100.0% Average 1.2 - 1.6% 1.0 + 0.9%
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 11, 2022. All data from ValleyMLS. Report © 2022 ShowingTime. | 9