Weekly Market Activity Report

For Week Ending November 19, 2022 Quick Facts

Data current as of November 28, 2022
Housing supply continues to grow nationwide, as higher borrowing costs cause home - 29.3% + 100.0% - 32.8% + 8.3% + 75.7% + 185.7%
sales to slow. According to Realtor.com’s Monthly Housing Market Trends Report, the
Single Family Townhouse/Condo Single Family Townhouse/Condo Single Family Townhouse/Condo
national inventory of active listings increased 33.5% year-over-year in October, the
highest inventory level since 2020. As a result, local buyers may find they have more Year-Over-Year Change Year-Over-Year Change Year-Over-Year Change
options to choose from, and with homes spending more days on market compared to New Listings Pending Sales Homes for Sale
the same period last year, a bit more time to shop around as well.

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 November 19:
• New Listings decreased 29.3% to 215
• Pending Sales decreased 32.8% to 211
• Inventory increased 75.7% to 2,992 Metrics by Week
New Listings 2
For the month of October: Pending Sales 3
• Median Sales Price increased 9.8% to $305,000 Inventory of Homes for Sale 4
• Days on Market increased 29.4% to 22
• Pct of List Price Rec'd decreased 1.4% to 98.8%
• Months Supply increased 92.3% to 2.5 Metrics by Month
Days on Market 5
TOWNHOUSE/CONDO Median Sales Price 6
For the week ending November 19: Percent of List Price Received 7
• New Listings increased 100.0% to 14 Housing Affordability Index 8
• Pending Sales increased 8.3% to 13
• Inventory increased 185.7% to 180
Months Supply of Inventory 9

For the month of October:

• Median Sales Price increased 14.9% to $269,900
• Days on Market increased 8.3% to 13
• Pct of List Price Rec'd decreased 0.7% to 99.6%
• Months Supply increased 255.6% to 3.2

Current as of November 28, 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
450
8/27/2022 294 - 19.9% 15 + 36.4%
400 9/3/2022 400 + 18.3% 52 + 188.9%
9/10/2022 314 - 7.6% 17 + 30.8%
350
9/17/2022 309 - 14.2% 25 + 316.7%
300
9/24/2022 365 + 18.5% 25 + 177.8%

250 10/1/2022 320 - 15.8% 12 - 14.3%

10/8/2022 289 - 3.3% 17 + 13.3%
200
10/15/2022 289 - 17.0% 12 - 25.0%
150 10/22/2022 324 - 0.3% 20 + 122.2%
10/29/2022 282 - 15.1% 21 + 40.0%
100
11/5/2022 282 - 19.7% 20 + 33.3%
50 11/12/2022 280 - 8.8% 17 0.0%

0 11/19/2022 215 - 29.3% 14 + 100.0%

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 11/5/22 11/12/22 11/19/22 3-Month Avg. 305 - 9.1% 21 + 61.8%

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 November 28, 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
350
8/27/2022 268 - 17.0% 16 0.0%
9/3/2022 279 - 14.4% 23 + 155.6%
300
9/10/2022 252 - 8.4% 14 + 75.0%

250 9/17/2022 226 - 18.4% 12 - 20.0%

9/24/2022 241 - 24.5% 16 + 300.0%
200 10/1/2022 222 - 30.6% 8 - 46.7%
10/8/2022 202 - 28.4% 13 0.0%
150
10/15/2022 225 - 21.1% 12 0.0%
10/22/2022 211 - 32.2% 13 - 31.6%
100
10/29/2022 184 - 40.3% 7 - 30.0%
11/5/2022 206 - 19.8% 10 + 42.9%
50
11/12/2022 174 - 38.1% 12 - 7.7%

0 11/19/2022 211 - 32.8% 13 + 8.3%

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 11/5/22 11/12/22 11/19/22 3-Month Avg. 223 - 25.2% 13 + 10.5%

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 28, 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
8/27/2022 2,581 + 58.5% 103 + 77.6%
9/3/2022 2,601 + 59.4% 103 + 80.7%
3,000
9/10/2022 2,623 + 62.8% 134 + 106.2%

2,500 9/17/2022 2,660 + 60.3% 142 + 121.9%

9/24/2022 2,705 + 59.9% 151 + 155.9%
2,000 10/1/2022 2,784 + 67.0% 158 + 159.0%
10/8/2022 2,811 + 65.9% 166 + 181.4%
1,500
10/15/2022 2,830 + 66.1% 168 + 194.7%
10/22/2022 2,873 + 68.0% 170 + 220.8%
1,000
10/29/2022 2,924 + 73.6% 179 + 251.0%
11/5/2022 2,963 + 73.6% 183 + 210.2%
500
11/12/2022 2,986 + 71.4% 183 + 210.2%

0 11/19/2022 2,992 + 75.7% 180 + 185.7%

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 11/5/22 11/12/22 11/19/22 3-Month Avg. 2,795 + 66.4% 155 + 164.1%

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 28, 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.

October Data for the

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

Nov-2021 18 - 37.9% 9 - 72.7%

Dec-2021 17 - 39.3% 9 - 43.8%
53
Jan-2022 19 - 36.7% 12 0.0%
Feb-2022 21 - 38.2% 12 - 25.0%
Mar-2022 18 - 41.9% 8 - 77.1%
Apr-2022 13 - 53.6% 9 - 30.8%
30
May-2022 14 - 26.3% 9 - 60.9%
22 Jun-2022 13 - 18.8% 8 - 46.7%
17 Jul-2022 13 + 8.3% 6 - 60.0%
12 13
Aug-2022 15 + 25.0% 17 + 54.5%
Sep-2022 19 + 46.2% 20 + 25.0%
2020 2021 2022 2020 2021 2022 Oct-2022 22 + 29.4% 13 + 8.3%
- 43.3% + 29.4% - 77.4% + 8.3% Average 16 - 23.9% 11 - 40.0%
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 28, 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.

October Data for the

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

Nov-2021 $280,750 + 19.5% $243,650 - 0.7%

$305,000 Dec-2021 $293,435 + 19.8% $210,000 + 2.4%
$277,860 $269,900 Jan-2022 $277,363 + 16.8% $205,000 + 4.6%

$235,000 Feb-2022 $296,789 + 23.7% $210,000 + 14.4%

$233,520
Mar-2022 $305,000 + 20.6% $230,000 + 3.0%
$188,000 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 $315,110 + 14.6% $192,000 - 2.0%
Aug-2022 $303,775 + 11.7% $227,500 - 3.0%
Sep-2022 $309,822 + 12.8% $243,000 + 24.8%
2020 2021 2022 2020 2021 2022 Oct-2022 $305,000 + 9.8% $269,900 + 14.9%
+ 19.0% + 9.8% + 25.0% + 14.9% Median $302,778 + 16.5% $225,000 + 5.6%
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 28, 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.

October Data for the

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

Nov-2021 100.0% + 0.8% 102.1% + 0.8%

99.1% 100.2% 98.8% 98.4% 100.3% 99.6% 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%
Sep-2022 98.9% - 1.7% 98.4% - 2.7%
2020 2021 2022 2020 2021 2022 Oct-2022 98.8% - 1.4% 99.6% - 0.7%
+ 1.1% - 1.4% + 1.9% - 0.7% Average 100.1% - 0.3% 101.1% - 0.2%
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 28, 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.

October Data for the

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

Nov-2021 125 - 17.2% 144 - 0.7%

188
Dec-2021 119 - 18.5% 166 - 5.1%
Jan-2022 122 - 19.7% 165 - 10.8%
151 149 Feb-2022 111 - 26.0% 156 - 20.4%
126 Mar-2022 104 - 24.6% 137 - 12.7%
Apr-2022 94 - 31.4% 130 - 28.2%
91 May-2022 91 - 33.1% 117 - 18.2%
81
Jun-2022 89 - 32.1% 143 - 29.2%
Jul-2022 89 - 31.5% 147 - 19.2%
Aug-2022 94 - 28.8% 126 - 17.6%
Sep-2022 86 - 33.8% 109 - 40.4%
2020 2021 2022 2020 2021 2022 Oct-2022 81 - 35.7% 91 - 38.9%
- 16.6% - 35.7% - 20.7% - 38.9% Average 100 - 14.6% 136 - 14.5%
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 28, 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.

October Data for the

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

Nov-2021 1.3 - 7.1% 1.0 - 23.1%

3.2 Dec-2021 1.1 - 15.4% 1.4 + 7.7%
Jan-2022 1.0 - 9.1% 0.9 - 10.0%
2.5 Feb-2022 1.0 0.0% 1.2 + 33.3%
Mar-2022 1.1 + 22.2% 1.2 + 50.0%
Apr-2022 1.2 + 33.3% 1.2 + 71.4%
1.5 May-2022 1.5 + 66.7% 1.4 + 75.0%
1.3 1.3 Jun-2022 1.7 + 88.9% 1.8 + 100.0%
0.9 Jul-2022 2.0 + 81.8% 1.8 + 100.0%
Aug-2022 2.1 + 75.0% 2.4 + 118.2%
Sep-2022 2.3 + 76.9% 2.8 + 154.5%
2020 2021 2022 2020 2021 2022 Oct-2022 2.5 + 92.3% 3.2 + 255.6%
- 13.3% + 92.3% - 30.8% + 255.6% Average 1.6 + 42.7% 1.7 + 73.9%
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 28, 2022. All data from ValleyMLS. Report © 2022 ShowingTime. | 9