Weekly Market Activity Report

For Week Ending October 29, 2022 Quick Facts

Data current as of November 7, 2022
Seller profits are beginning to ease, as home sales dip and sales prices soften - 15.4% + 40.0% - 37.7% - 10.0% + 71.6% + 241.2%
nationwide. According to ATTOM, profit margins on median-priced single-family home
Single Family Townhouse/Condo Single Family Townhouse/Condo Single Family Townhouse/Condo
and condo sales fell 3% from the second to the third quarter of 2022 in nearly 70% of
the 186 metropolitan areas tracked, representing the largest quarterly decline since Year-Over-Year Change Year-Over-Year Change Year-Over-Year Change
2011. Despite the drop, investment returns remain historically high, with profits up New Listings Pending Sales Homes for Sale
compared to the same 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 29:
• New Listings decreased 15.4% to 281
• Pending Sales decreased 37.7% to 192
• Inventory increased 71.6% to 2,886 Metrics by Week
New Listings 2
For the month of September: Pending Sales 3
• Median Sales Price increased 12.8% to $309,900 Inventory of Homes for Sale 4
• Days on Market increased 46.2% to 19
• Pct of List Price Rec'd decreased 1.7% to 98.9%
• Months Supply increased 76.9% to 2.3 Metrics by Month
Days on Market 5
TOWNHOUSE/CONDO Median Sales Price 6
For the week ending October 29: Percent of List Price Received 7
• New Listings increased 40.0% to 21 Housing Affordability Index 8
• Pending Sales decreased 10.0% to 9
• Inventory increased 241.2% to 174
Months Supply of Inventory 9

For the month of September:

• Median Sales Price increased 24.8% to $243,000
• Days on Market increased 25.0% to 20
• Pct of List Price Rec'd decreased 2.7% to 98.4%
• Months Supply increased 154.5% to 2.8

Current as of November 7, 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
8/6/2022 374 - 6.3% 7 - 56.3%
450 8/13/2022 362 - 16.4% 14 - 22.2%
400 8/20/2022 345 - 4.7% 11 - 31.3%
8/27/2022 294 - 19.9% 15 + 36.4%
350
9/3/2022 401 + 18.6% 52 + 188.9%
300
9/10/2022 315 - 7.4% 17 + 30.8%
250 9/17/2022 311 - 13.6% 25 + 316.7%

200 9/24/2022 364 + 18.2% 25 + 177.8%

10/1/2022 319 - 16.1% 12 - 14.3%
150
10/8/2022 287 - 4.0% 17 + 13.3%
100
10/15/2022 290 - 16.7% 12 - 25.0%
50 10/22/2022 323 - 0.6% 19 + 111.1%

0 10/29/2022 281 - 15.4% 21 + 40.0%

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 10/8/22 10/15/22 10/22/22 10/29/22 3-Month Avg. 328 - 7.1% 19 + 40.3%

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 November 7, 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
8/6/2022 267 - 14.7% 7 - 22.2%

350 8/13/2022 263 - 21.3% 7 - 46.2%

8/20/2022 290 - 4.3% 13 0.0%
300
8/27/2022 268 - 17.0% 16 0.0%

250
9/3/2022 282 - 13.5% 21 + 133.3%
9/10/2022 253 - 8.0% 14 + 75.0%
200 9/17/2022 227 - 18.1% 12 - 20.0%
9/24/2022 247 - 22.6% 16 + 300.0%
150
10/1/2022 231 - 27.8% 8 - 46.7%
100 10/8/2022 208 - 26.2% 13 0.0%
10/15/2022 229 - 19.6% 13 + 8.3%
50
10/22/2022 214 - 31.4% 12 - 36.8%

0 10/29/2022 192 - 37.7% 9 - 10.0%

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 10/8/22 10/15/22 10/22/22 10/29/22 3-Month Avg. 244 - 20.3% 12 + 3.2%

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 November 7, 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
3,500
8/6/2022 2,451 + 63.7% 102 + 85.5%
8/13/2022 2,557 + 63.5% 106 + 89.3%
3,000
8/20/2022 2,583 + 61.1% 103 + 68.9%

2,500 8/27/2022 2,572 + 58.2% 102 + 75.9%

9/3/2022 2,592 + 59.0% 102 + 78.9%
2,000 9/10/2022 2,614 + 62.5% 133 + 104.6%
9/17/2022 2,649 + 59.9% 141 + 120.3%
1,500
9/24/2022 2,696 + 59.5% 150 + 154.2%
10/1/2022 2,767 + 66.2% 157 + 157.4%
1,000
10/8/2022 2,783 + 64.5% 165 + 179.7%
10/15/2022 2,802 + 64.6% 167 + 193.0%
500
10/22/2022 2,838 + 66.2% 168 + 217.0%

0 10/29/2022 2,886 + 71.6% 174 + 241.2%

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 10/8/22 10/15/22 10/22/22 10/29/22 3-Month Avg. 2,676 + 63.1% 136 + 134.1%

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 November 7, 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 17 - 43.3% 12 - 77.4%

31 Nov-2021 18 - 37.9% 9 - 72.7%

Dec-2021 17 - 39.3% 9 - 43.8%
Jan-2022 19 - 36.7% 12 0.0%
24
Feb-2022 21 - 38.2% 12 - 25.0%
20
19 Mar-2022 18 - 41.9% 8 - 77.1%
16 Apr-2022 13 - 53.6% 9 - 30.8%
13 May-2022 14 - 26.3% 9 - 60.9%
Jun-2022 13 - 18.8% 8 - 46.7%
Jul-2022 13 + 8.3% 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%
- 58.1% + 46.2% - 33.3% + 25.0% Average 16 - 29.3% 11 - 50.0%
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 November 7, 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 $277,860 + 19.0% $235,000 + 25.0%

$309,900 Nov-2021 $280,750 + 19.5% $243,650 - 0.7%
$274,738 Dec-2021 $293,435 + 19.8% $210,000 + 2.4%
$243,000 Jan-2022 $277,363 + 16.8% $205,000 + 4.6%
$230,545 $222,500 Feb-2022 $296,789 + 23.7% $210,000 + 14.4%
$194,750
Mar-2022 $305,000 + 20.6% $230,000 + 3.0%
Apr-2022 $311,795 + 21.8% $225,000 + 16.1%
May-2022 $313,900 + 20.7% $245,000 - 1.4%
Jun-2022 $315,000 + 16.7% $195,000 + 11.4%
Jul-2022 $315,792 + 14.8% $192,000 - 2.0%
Aug-2022 $303,700 + 11.7% $227,500 - 3.0%
2020 2021 2022 2020 2021 2022 Sep-2022 $309,900 + 12.8% $243,000 + 24.8%
+ 19.2% + 12.8% - 12.5% + 24.8% 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 November 7, 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% 98.9% 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% + 0.1%
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% - 1.5% 100.2% - 0.2%
2020 2021 2022 2020 2021 2022 Sep-2022 98.9% - 1.7% 98.4% - 2.7%
+ 1.3% - 1.7% + 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 November 7, 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 126 - 16.6% 149 - 20.7%

183 Nov-2021 125 - 17.2% 144 - 0.7%

152 158 Dec-2021 119 - 18.5% 166 - 5.1%

Jan-2022 122 - 19.7% 165 - 10.8%
130 Feb-2022 111 - 26.0% 156 - 20.4%
109 Mar-2022 104 - 24.6% 137 - 12.7%
85 Apr-2022 94 - 31.4% 130 - 28.2%
May-2022 91 - 33.1% 117 - 18.2%
Jun-2022 89 - 32.1% 143 - 29.2%
Jul-2022 89 - 31.5% 147 - 19.2%
Aug-2022 94 - 28.8% 126 - 17.6%
2020 2021 2022 2020 2021 2022 Sep-2022 85 - 34.6% 109 - 40.4%
- 14.5% - 34.6% + 15.8% - 40.4% Average 104 - 12.5% 141 - 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 November 7, 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 1.3 - 13.3% 0.9 - 30.8%

2.8
Nov-2021 1.3 - 7.1% 1.0 - 23.1%
Dec-2021 1.1 - 15.4% 1.4 + 7.7%
2.3
Jan-2022 1.0 - 9.1% 0.9 - 10.0%
Feb-2022 1.0 0.0% 1.1 + 22.2%
1.6 Mar-2022 1.1 + 22.2% 1.2 + 50.0%

1.3 1.3 Apr-2022 1.2 + 33.3% 1.2 + 71.4%

1.1 May-2022 1.5 + 66.7% 1.3 + 62.5%
Jun-2022 1.7 + 88.9% 1.8 + 100.0%
Jul-2022 2.0 + 81.8% 1.8 + 100.0%
Aug-2022 2.1 + 75.0% 2.4 + 118.2%
2020 2021 2022 2020 2021 2022 Sep-2022 2.3 + 76.9% 2.8 + 154.5%
- 18.8% + 76.9% - 15.4% + 154.5% Average 1.5 + 30.6% 1.5 + 49.0%
Single Family Townhouse/Condo

Historical Months Supply of Inventory Single Family Townhouse/Condo

10

0
1-2016 1-2017 1-2018 1-2019 1-2020 1-2021 1-2022

Current as of November 7, 2022. All data from ValleyMLS. Report © 2022 ShowingTime. | 9