Weekly Market Activity Report

For Week Ending August 6, 2022 Quick Facts

Data current as of August 15, 2022
The average 30-year fixed rate mortgage dropped to 4.99% the week ending 8/4, + 14.0% - 56.3% - 5.5% - 50.0% + 64.0% + 95.7%
marking the first time since April rates have dipped below 5%, according to Freddie
Single Family Townhouse/Condo Single Family Townhouse/Condo Single Family Townhouse/Condo
Mac. With rates down the past two weeks, the Mortgage Bankers Association reports
mortgage applications rose slightly from the previous week, including an uptick in Year-Over-Year Change Year-Over-Year Change Year-Over-Year Change
refinance applications, as buyers took advantage of the opportunity to lock in lower New Listings Pending Sales Homes for Sale
rates and save on their monthly mortgage payment.

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 August 6:
• New Listings increased 14.0% to 440
• Pending Sales decreased 5.5% to 294
• Inventory increased 64.0% to 2,317 Metrics by Week
New Listings 2
For the month of July: Pending Sales 3
• Median Sales Price increased 14.7% to $315,451 Inventory of Homes for Sale 4
• Days on Market remained flat at 12
• Pct of List Price Rec'd decreased 1.2% to 100.2%
• Months Supply increased 90.0% to 1.9 Metrics by Month
Days on Market 5
TOWNHOUSE/CONDO Median Sales Price 6
For the week ending August 6: Percent of List Price Received 7
• New Listings decreased 56.3% to 7 Housing Affordability Index 8
• Pending Sales decreased 50.0% to 7
• Inventory increased 95.7% to 92
Months Supply of Inventory 9

For the month of July:

• Median Sales Price decreased 0.5% to $195,000
• Days on Market decreased 60.0% to 6
• Pct of List Price Rec'd decreased 1.7% to 101.5%
• Months Supply increased 100.0% to 1.6

Current as of August 15, 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
5/14/2022 364 + 2.2% 22 + 69.2%
450 5/21/2022 424 + 19.8% 15 + 15.4%
400 5/28/2022 424 + 26.2% 13 - 13.3%
6/4/2022 410 + 38.0% 29 + 107.1%
350
6/11/2022 397 + 26.0% 19 + 72.7%
300
6/18/2022 382 - 1.0% 9 - 60.9%
250 6/25/2022 428 + 23.3% 23 - 28.1%

200 7/2/2022 415 + 9.2% 9 - 40.0%

7/9/2022 323 - 1.5% 15 - 6.3%
150
7/16/2022 433 + 5.9% 21 + 61.5%
100
7/23/2022 373 - 6.3% 16 - 23.8%
50 7/30/2022 440 + 2.8% 10 - 33.3%

0 8/6/2022 440 + 14.0% 7 - 56.3%

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 7/16/22 7/23/22 7/30/22 8/6/22 3-Month Avg. 404 + 11.3% 16 - 4.1%

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 August 15, 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
5/14/2022 276 - 5.8% 15 + 7.1%

350 5/21/2022 342 + 5.2% 14 + 7.7%

5/28/2022 282 - 7.2% 10 - 23.1%
300
6/4/2022 306 + 2.3% 23 + 9.5%

250
6/11/2022 294 - 10.6% 12 - 29.4%
6/18/2022 299 - 7.7% 11 - 8.3%
200 6/25/2022 265 - 22.5% 5 - 86.5%
7/2/2022 298 - 21.0% 7 - 36.4%
150
7/9/2022 258 0.0% 18 - 25.0%
100 7/16/2022 284 - 5.6% 20 + 122.2%
7/23/2022 272 - 23.8% 14 - 41.7%
50
7/30/2022 265 - 26.6% 11 - 35.3%

0 8/6/2022 294 - 5.5% 7 - 50.0%

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 7/16/22 7/23/22 7/30/22 8/6/22 3-Month Avg. 287 - 10.7% 13 - 26.1%

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 August 15, 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
5/14/2022 1,485 + 29.4% 70 + 55.6%
5/21/2022 1,555 + 32.3% 71 + 57.8%
2,000 5/28/2022 1,628 + 40.6% 69 + 46.8%
6/4/2022 1,739 + 45.5% 76 + 61.7%
6/11/2022 1,790 + 50.9% 79 + 88.1%
1,500
6/18/2022 1,851 + 59.8% 81 + 102.5%
6/25/2022 1,972 + 62.7% 81 + 84.1%

1,000 7/2/2022 2,056 + 71.0% 99 + 106.3%

7/9/2022 2,108 + 74.9% 95 + 93.9%
7/16/2022 2,143 + 69.1% 96 + 104.3%
500
7/23/2022 2,223 + 64.8% 94 + 88.0%
7/30/2022 2,265 + 64.7% 94 + 74.1%

0 8/6/2022 2,317 + 64.0% 92 + 95.7%

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 7/16/22 7/23/22 7/30/22 8/6/22 3-Month Avg. 1,933 + 56.7% 84 + 81.3%

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 August 15, 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.

July Data for the

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

Aug-2021 12 - 66.7% 11 - 45.0%

36 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%
23 Jan-2022 18 - 35.7% 12 0.0%
Feb-2022 20 - 35.5% 12 - 14.3%
15 Mar-2022 18 - 37.9% 8 - 68.0%
12 12
Apr-2022 13 - 50.0% 8 - 11.1%
6 May-2022 14 - 22.2% 9 - 59.1%
Jun-2022 12 - 25.0% 8 - 42.9%
2020 2021 2022 2020 2021 2022 Jul-2022 12 0.0% 6 - 60.0%
+ 19.6% 0.0% - 34.8% - 60.0% Average 15 - 41.2% 10 - 52.3%
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 August 15, 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.

July Data for the

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

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

$315,451 Sep-2021 $275,000 + 19.3% $194,750 - 12.5%
$275,000 Oct-2021 $278,958 + 19.5% $235,000 + 25.0%
Nov-2021 $281,905 + 20.0% $239,900 - 2.2%
$230,000
Dec-2021 $293,435 + 19.8% $210,000 + 2.4%
$192,500 $196,000 $195,000
Jan-2022 $277,363 + 16.8% $205,000 + 4.6%
Feb-2022 $296,789 + 23.7% $210,000 + 14.0%
Mar-2022 $305,000 + 20.7% $230,000 + 3.7%
Apr-2022 $311,990 + 21.9% $225,000 + 18.4%
May-2022 $313,900 + 20.7% $245,000 - 1.4%
Jun-2022 $315,000 + 16.7% $195,000 + 11.4%
2020 2021 2022 2020 2021 2022 Jul-2022 $315,451 + 14.7% $195,000 - 0.5%
+ 19.6% + 14.7% + 1.8% - 0.5% Median $295,000 + 18.5% $220,000 + 8.3%
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 August 15, 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.

July Data for the

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

Aug-2021 101.0% + 1.8% 100.4% + 1.0%

101.4% 100.2% 99.6% 103.3% 101.5% Sep-2021 100.6% + 1.3% 101.1% + 1.4%
99.1%
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%
Jun-2022 100.7% - 0.9% 102.1% - 0.1%
2020 2021 2022 2020 2021 2022 Jul-2022 100.2% - 1.2% 101.5% - 1.7%
+ 2.3% - 1.2% + 3.7% - 1.7% Average 100.5% + 0.5% 101.4% + 0.5%
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 August 15, 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.

July Data for the

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

Aug-2021 129 - 13.4% 149 - 42.5%

180 182 Sep-2021 126 - 17.1% 178 + 12.7%
Oct-2021 124 - 17.9% 148 - 21.3%
151
141 Nov-2021 126 - 16.6% 149 + 2.8%
130 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 - 30.2% 128 - 19.0%
Apr-2022 88 - 35.8% 122 - 34.1%
May-2022 88 - 35.3% 112 - 21.7%
Jun-2022 87 - 33.6% 141 - 30.2%
2020 2021 2022 2020 2021 2022 Jul-2022 87 - 33.1% 141 - 22.5%
- 13.9% - 33.1% + 1.1% - 22.5% Average 108 - 12.1% 145 - 10.2%
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 August 15, 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.

July Data for the

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

Aug-2021 1.1 - 31.3% 1.0 - 23.1%

1.9 1.9
1.7 Sep-2021 1.2 - 20.0% 0.9 - 18.2%
1.6 Oct-2021 1.2 - 14.3% 0.8 - 20.0%
Nov-2021 1.2 - 7.7% 0.9 - 18.2%
Dec-2021 1.0 - 16.7% 1.2 + 9.1%
1.0 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 + 25.0% 1.0 + 25.0%
Apr-2022 1.1 + 22.2% 1.1 + 83.3%
May-2022 1.4 + 55.6% 1.2 + 50.0%
Jun-2022 1.6 + 77.8% 1.6 + 100.0%
2020 2021 2022 2020 2021 2022 Jul-2022 1.9 + 90.0% 1.6 + 100.0%
- 41.2% + 90.0% - 57.9% + 100.0% Average 1.2 + 8.3% 1.1 + 18.4%
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 August 15, 2022. All data from ValleyMLS. Report © 2022 ShowingTime. | 9