Weekly Market Activity Report

For Week Ending October 1, 2022 Quick Facts

Data current as of October 10, 2022
U.S. home prices are falling at the fastest rate since January 2009, according to recent - 16.5% - 7.7% - 21.7% - 53.3% + 72.0% + 154.2%
data from Black Knight, as shifting market conditions have led many sellers to lower
Single Family Townhouse/Condo Single Family Townhouse/Condo Single Family Townhouse/Condo
their asking price. Nationally, median home prices fell by 0.98% from July to August,
marking the second consecutive month prices have declined. Although home prices Year-Over-Year Change Year-Over-Year Change Year-Over-Year Change
are down 2% from their peak in June, they remain up 12.1 % compared to the same New Listings Pending Sales Homes for Sale
period last 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 October 1:
• New Listings decreased 16.5% to 319
• Pending Sales decreased 21.7% to 249
• Inventory increased 72.0% to 2,690 Metrics by Week
New Listings 2
For the month of September: Pending Sales 3
• Median Sales Price increased 11.8% to $307,445 Inventory of Homes for Sale 4
• Days on Market increased 46.2% to 19
• Pct of List Price Rec'd decreased 1.8% to 98.8%
• Months Supply increased 83.3% to 2.2 Metrics by Month
Days on Market 5
TOWNHOUSE/CONDO Median Sales Price 6
For the week ending October 1: Percent of List Price Received 7
• New Listings decreased 7.7% to 12 Housing Affordability Index 8
• Pending Sales decreased 53.3% to 7
• Inventory increased 154.2% to 150
Months Supply of Inventory 9

For the month of September:

• Median Sales Price increased 24.5% to $242,500
• Days on Market increased 25.0% to 20
• Pct of List Price Rec'd decreased 2.7% to 98.4%
• Months Supply increased 170.0% to 2.7

Current as of October 10, 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
7/9/2022 316 - 3.7% 15 - 6.3%
450 7/16/2022 422 + 3.2% 21 + 61.5%
400 7/23/2022 370 - 7.0% 16 - 23.8%
7/30/2022 432 + 0.7% 10 - 33.3%
350
8/6/2022 431 + 11.4% 7 - 56.3%
300
8/13/2022 393 - 16.6% 14 - 22.2%
250 8/20/2022 373 + 4.2% 10 - 37.5%

200 8/27/2022 293 - 19.5% 15 + 36.4%

9/3/2022 400 + 17.3% 52 + 188.9%
150
9/10/2022 314 - 7.1% 17 + 30.8%
100
9/17/2022 306 - 14.0% 24 + 300.0%
50 9/24/2022 365 + 20.1% 25 + 177.8%

0 10/1/2022 319 - 16.5% 12 - 7.7%

7/9/22 7/16/22 7/23/22 7/30/22 8/6/22 8/13/22 8/20/22 8/27/22 9/3/22 9/10/22 9/17/22 9/24/22 10/1/22 3-Month Avg. 364 - 2.7% 18 + 28.6%

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 October 10, 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
7/9/2022 247 - 4.3% 17 - 29.2%

350 7/16/2022 278 - 7.6% 20 + 122.2%

7/23/2022 258 - 27.7% 14 - 41.7%
300
7/30/2022 253 - 29.9% 11 - 35.3%

250
8/6/2022 271 - 12.9% 7 - 22.2%
8/13/2022 268 - 19.0% 7 - 46.2%
200 8/20/2022 295 - 2.6% 13 0.0%
8/27/2022 272 - 15.5% 17 + 6.3%
150
9/3/2022 286 - 12.0% 20 + 122.2%
100 9/10/2022 261 - 4.0% 14 + 75.0%
9/17/2022 232 - 15.6% 12 - 20.0%
50
9/24/2022 258 - 19.1% 20 + 400.0%

0 10/1/2022 249 - 21.7% 7 - 53.3%

7/9/22 7/16/22 7/23/22 7/30/22 8/6/22 8/13/22 8/20/22 8/27/22 9/3/22 9/10/22 9/17/22 9/24/22 10/1/22 3-Month Avg. 264 - 15.4% 14 + 1.7%

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 9-2022

Current as of October 10, 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
3,000
7/9/2022 2,200 + 82.0% 105 + 110.0%
7/16/2022 2,236 + 75.9% 107 + 122.9%
2,500
7/23/2022 2,314 + 71.0% 105 + 105.9%
7/30/2022 2,373 + 72.1% 105 + 90.9%
2,000
8/6/2022 2,433 + 71.7% 103 + 94.3%
8/13/2022 2,534 + 71.0% 107 + 98.1%
1,500 8/20/2022 2,554 + 67.7% 104 + 76.3%
8/27/2022 2,542 + 65.2% 101 + 80.4%
1,000 9/3/2022 2,556 + 66.2% 101 + 83.6%
9/10/2022 2,573 + 69.8% 132 + 109.5%
500 9/17/2022 2,602 + 66.4% 140 + 125.8%
9/24/2022 2,633 + 65.8% 148 + 159.6%

0 10/1/2022 2,690 + 72.0% 150 + 154.2%

7/9/22 7/16/22 7/23/22 7/30/22 8/6/22 8/13/22 8/20/22 8/27/22 9/3/22 9/10/22 9/17/22 9/24/22 10/1/22 3-Month Avg. 2,480 + 70.2% 116 + 108.9%

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 9-2022

Current as of October 10, 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.

September Data for the

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

Oct-2021 16 - 42.9% 12 - 74.5%

Nov-2021 17 - 37.0% 9 - 71.0%
30
Dec-2021 16 - 40.7% 9 - 43.8%
Jan-2022 18 - 35.7% 12 0.0%
23 Feb-2022 20 - 35.5% 12 - 14.3%
19 20 Mar-2022 18 - 37.9% 8 - 68.0%
16 Apr-2022 13 - 50.0% 8 - 11.1%
13 May-2022 14 - 22.2% 9 - 59.1%
Jun-2022 12 - 25.0% 8 - 42.9%
Jul-2022 12 0.0% 6 - 60.0%
Aug-2022 15 + 25.0% 17 + 54.5%
2020 2021 2022 2020 2021 2022 Sep-2022 19 + 46.2% 20 + 25.0%
- 56.7% + 46.2% - 30.4% + 25.0% Average 16 - 26.7% 11 - 45.5%
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 October 10, 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.

September Data for the

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

Oct-2021 $278,958 + 19.5% $235,000 + 25.0%

$307,445 Nov-2021 $281,905 + 20.0% $239,900 - 2.2%
$275,000 Dec-2021 $293,435 + 19.8% $210,000 + 2.4%
$242,500 Jan-2022 $277,363 + 16.8% $205,000 + 4.6%
$230,545 $222,500 Feb-2022 $296,789 + 23.7% $210,000 + 14.0%
$194,750
Mar-2022 $305,000 + 20.7% $230,000 + 3.7%
Apr-2022 $311,889 + 21.8% $225,000 + 18.4%
May-2022 $313,900 + 20.7% $245,000 - 1.4%
Jun-2022 $315,000 + 16.7% $195,000 + 11.4%
Jul-2022 $315,896 + 14.9% $192,000 - 2.0%
Aug-2022 $303,850 + 11.7% $227,500 - 3.0%
2020 2021 2022 2020 2021 2022 Sep-2022 $307,445 + 11.8% $242,500 + 24.5%
+ 19.3% + 11.8% - 12.5% + 24.5% Median $300,000 + 17.6% $225,000 + 9.8%
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 October 10, 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.

September Data for the

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

Oct-2021 100.2% + 1.1% 100.3% + 1.9%

99.3% 100.6% 98.8% 99.7% 101.1% 98.4% 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%
Jul-2022 100.2% - 1.2% 101.6% - 1.6%
Aug-2022 99.4% - 1.6% 100.2% - 0.2%
2020 2021 2022 2020 2021 2022 Sep-2022 98.8% - 1.8% 98.4% - 2.7%
+ 1.3% - 1.8% + 1.4% - 2.7% Average 100.2% - 0.1% 101.2% + 0.0%
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 October 10, 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.

September Data for the

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

Oct-2021 124 - 17.9% 148 - 21.3%

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

152 158 Dec-2021 115 - 21.2% 161 - 8.0%

Jan-2022 118 - 22.4% 160 - 13.5%
126 Feb-2022 109 - 27.3% 154 - 21.0%
113
Mar-2022 97 - 30.2% 128 - 19.0%
89 Apr-2022 88 - 35.8% 122 - 34.1%
May-2022 88 - 35.3% 112 - 21.7%
Jun-2022 87 - 33.6% 141 - 30.2%
Jul-2022 87 - 33.1% 143 - 21.4%
Aug-2022 90 - 30.2% 121 - 18.8%
2020 2021 2022 2020 2021 2022 Sep-2022 89 - 29.4% 113 - 36.5%
- 17.1% - 29.4% + 12.7% - 36.5% Average 102 - 12.5% 138 - 12.9%
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 October 10, 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.

September Data for the

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

Oct-2021 1.2 - 14.3% 0.9 - 10.0%

2.7 Nov-2021 1.2 - 7.7% 1.0 - 9.1%
Dec-2021 1.1 - 8.3% 1.4 + 27.3%
2.2 Jan-2022 1.0 0.0% 0.9 + 12.5%
Feb-2022 0.9 0.0% 1.1 + 37.5%

1.5 Mar-2022 1.0 + 25.0% 1.2 + 50.0%

Apr-2022 1.2 + 33.3% 1.2 + 100.0%
1.2 1.1 1.0 May-2022 1.4 + 55.6% 1.4 + 75.0%
Jun-2022 1.7 + 88.9% 1.8 + 125.0%
Jul-2022 1.9 + 72.7% 1.9 + 137.5%
Aug-2022 2.1 + 90.9% 2.4 + 118.2%
2020 2021 2022 2020 2021 2022 Sep-2022 2.2 + 83.3% 2.7 + 170.0%
- 20.0% + 83.3% - 9.1% + 170.0% Average 1.4 + 33.1% 1.5 + 65.7%
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 October 10, 2022. All data from ValleyMLS. Report © 2022 ShowingTime. | 9