Weekly Market Activity Report

For Week Ending July 9, 2022 Quick Facts

Data current as of July 18, 2022
Homebuyers felt a tinge of relief recently as mortgage rates softened somewhat, with - 1.2% - 6.3% + 5.4% - 29.2% + 69.2% + 91.8%
the 30-year fixed-rate mortgage falling from 5.7% to 5.3% the week ending July 7, the
Single Family Townhouse/Condo Single Family Townhouse/Condo Single Family Townhouse/Condo
biggest one week decline since 2008, according to Freddie Mac. Over the past two
weeks mortgage rates have dropped by half a percent, making homebuying about 5% Year-Over-Year Change Year-Over-Year Change Year-Over-Year Change
more affordable than last month and saving buyers approximately $100 in monthly New Listings Pending Sales Homes for Sale
mortgage payments, according to the National Association of REALTORS®.

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 9:
• New Listings decreased 1.2% to 325
• Pending Sales increased 5.4% to 272
• Inventory increased 69.2% to 2,075 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 9: Percent of List Price Received 7
• New Listings decreased 6.3% to 15 Housing Affordability Index 8
• Pending Sales decreased 29.2% to 17
• Inventory increased 91.8% to 94
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 112.5% to 1.7

Current as of July 18, 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
4/16/2022 359 + 2.6% 38 + 245.5%
450 4/23/2022 423 + 13.4% 10 - 23.1%
400 4/30/2022 400 - 1.7% 13 + 116.7%
5/7/2022 423 + 15.6% 21 + 10.5%
350
5/14/2022 371 + 4.2% 22 + 69.2%
300
5/21/2022 426 + 20.0% 15 + 15.4%
250 5/28/2022 430 + 28.0% 13 - 13.3%

200 6/4/2022 420 + 40.0% 29 + 107.1%

6/11/2022 401 + 26.1% 19 + 72.7%
150
6/18/2022 384 - 0.8% 9 - 60.9%
100
6/25/2022 432 + 23.4% 23 - 28.1%
50 7/2/2022 419 + 10.3% 9 - 40.0%

0 7/9/2022 325 - 1.2% 15 - 6.3%

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 7/9/22 3-Month Avg. 401 + 13.2% 18 + 17.4%

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 July 18, 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
4/16/2022 337 - 0.3% 14 - 12.5%

350 4/23/2022 306 - 17.7% 15 + 15.4%

4/30/2022 275 - 17.7% 13 + 8.3%
300
5/7/2022 316 + 0.3% 14 + 180.0%

250
5/14/2022 279 - 4.8% 15 + 7.1%
5/21/2022 344 + 6.2% 14 + 7.7%
200 5/28/2022 288 - 5.3% 10 - 23.1%
6/4/2022 308 + 3.0% 21 0.0%
150
6/11/2022 296 - 10.6% 12 - 29.4%
100 6/18/2022 310 - 4.3% 11 - 8.3%
6/25/2022 273 - 20.2% 5 - 86.5%
50
7/2/2022 308 - 18.3% 8 - 27.3%

0 7/9/2022 272 + 5.4% 17 - 29.2%

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 7/9/22 3-Month Avg. 301 - 7.1% 13 - 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 July 18, 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
4/16/2022 1,286 + 11.3% 47 0.0%
4/23/2022 1,321 + 16.3% 66 + 69.2%
2,000 4/30/2022 1,405 + 24.8% 62 + 55.0%
5/7/2022 1,450 + 25.4% 59 + 59.5%
5/14/2022 1,526 + 30.8% 69 + 53.3%
1,500
5/21/2022 1,593 + 33.4% 70 + 55.6%
5/28/2022 1,658 + 40.7% 68 + 44.7%

1,000 6/4/2022 1,765 + 45.3% 75 + 59.6%

6/11/2022 1,806 + 49.6% 79 + 88.1%
6/18/2022 1,864 + 58.2% 81 + 102.5%
500
6/25/2022 1,968 + 59.6% 81 + 84.1%
7/2/2022 2,040 + 66.8% 99 + 106.3%

0 7/9/2022 2,075 + 69.2% 94 + 91.8%

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 7/9/22 3-Month Avg. 1,674 + 41.3% 73 + 66.7%

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 18, 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 18, 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 $293,435 + 19.8% $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 18, 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 18, 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 115 - 21.2% 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 18, 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 1.7
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% 1.7 + 112.5%
- 50.0% + 77.8% - 60.0% + 112.5% Average 1.2 - 1.6% 1.0 + 1.2%
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 18, 2022. All data from ValleyMLS. Report © 2022 ShowingTime. | 9