Weekly Market Activity Report

For Week Ending January 23, 2021 Quick Facts

Data current as of February 1, 2021
The U.S. Department of Housing and Urban Development released their December - 26.9% - 84.4% + 9.7% + 85.7% - 43.7% - 31.0%
housing report this week showing overall housing starts increased by a seasonally
Single Family Townhouse/Condo Single Family Townhouse/Condo Single Family Townhouse/Condo
adjusted annual rate of 1.67 million units. Single-family housing starts increased 12
percent to a 1.34 million unit seasonally adjusted annual rate, the highest level since Year-Over-Year Change Year-Over-Year Change Year-Over-Year Change
September 2006. Expectations are for further increases in building activity in 2021, New Listings Pending Sales Homes for Sale
though rising material costs and a lack of buildable lots and labor will temper activity
and affect affordability.
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 January 23:
• New Listings decreased 26.9% to 245
• Pending Sales increased 9.7% to 316
• Inventory decreased 43.7% to 1,505 Metrics by Week
New Listings 2
For the month of December: Pending Sales 3
• Median Sales Price increased 16.1% to $245,000 Inventory of Homes for Sale 4
• Days on Market decreased 44.9% to 27
• Pct of List Price Rec'd increased 1.2% to 99.3%
• Months Supply decreased 50.0% to 1.2 Metrics by Month
Days on Market 5
TOWNHOUSE/CONDO Median Sales Price 6
For the week ending January 23: Percent of List Price Received 7
• New Listings decreased 84.4% to 5 Housing Affordability Index 8
• Pending Sales increased 85.7% to 13
• Inventory decreased 31.0% to 58
Months Supply of Inventory 9

For the month of December:

• Median Sales Price decreased 0.4% to $205,000
• Days on Market decreased 65.9% to 15
• Pct of List Price Rec'd increased 3.2% to 100.6%
• Months Supply decreased 7.1% to 1.3

Current as of February 1, 2021. All data from ValleyMLS. Report © 2021 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
400
10/31/2020 297 + 11.7% 16 + 77.8%

350 11/7/2020 333 + 28.6% 15 + 7.1%

11/14/2020 300 + 15.4% 9 - 43.8%
300
11/21/2020 326 + 22.1% 11 + 37.5%

250
11/28/2020 216 + 22.7% 7 0.0%
12/5/2020 297 + 40.1% 18 + 100.0%
200 12/12/2020 236 + 5.8% 20 + 100.0%
12/19/2020 253 + 27.1% 16 + 6.7%
150
12/26/2020 151 + 22.8% 4 0.0%
100 1/2/2021 170 + 9.0% 15 + 87.5%
1/9/2021 290 + 3.2% 20 + 33.3%
50
1/16/2021 306 + 9.7% 10 - 23.1%

0 1/23/2021 245 - 26.9% 5 - 84.4%

10/31/20 11/7/20 11/14/20 11/21/20 11/28/20 12/5/20 12/12/20 12/19/20 12/26/20 1/2/21 1/9/21 1/16/21 1/23/21 3-Month Avg. 263 + 12.6% 13 + 3.8%

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

Current as of February 1, 2021. All data from ValleyMLS. Report © 2021 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
10/31/2020 293 + 13.6% 13 + 30.0%
11/7/2020 272 + 18.3% 7 - 63.2%
300
11/14/2020 291 + 27.1% 7 - 22.2%

250 11/21/2020 307 + 19.9% 8 - 52.9%

11/28/2020 238 + 67.6% 12 + 100.0%
200 12/5/2020 230 + 0.4% 13 + 18.2%
12/12/2020 245 + 19.5% 13 + 30.0%
150
12/19/2020 270 + 16.9% 11 + 22.2%
12/26/2020 161 + 30.9% 7 + 133.3%
100
1/2/2021 181 + 4.0% 11 + 120.0%
1/9/2021 253 + 3.3% 19 + 137.5%
50
1/16/2021 310 + 23.5% 17 + 21.4%

0 1/23/2021 316 + 9.7% 13 + 85.7%

10/31/20 11/7/20 11/14/20 11/21/20 11/28/20 12/5/20 12/12/20 12/19/20 12/26/20 1/2/21 1/9/21 1/16/21 1/23/21 3-Month Avg. 259 + 17.7% 12 + 18.0%

Historical Under Contract Single Family Townhouse/Condo

450

400

350

300

250

200

150

100

50

0
1-2015 4-2015 7-2015 10-2015 1-2016 4-2016 7-2016 10-2016 1-2017 4-2017 7-2017 10-2017 1-2018 4-2018 7-2018 10-2018 1-2019 4-2019 7-2019 10-2019 1-2020 4-2020 7-2020 10-2020 1-2021

Current as of February 1, 2021. All data from ValleyMLS. Report © 2021 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
10/31/2020 1,917 - 38.9% 60 - 34.1%
11/7/2020 1,924 - 37.2% 64 - 26.4%
3,000
11/14/2020 1,883 - 37.6% 66 - 18.5%

2,500 11/21/2020 1,894 - 36.4% 65 - 20.7%

11/28/2020 1,842 - 38.0% 65 - 18.8%
2,000 12/5/2020 1,809 - 38.6% 67 - 14.1%
12/12/2020 1,823 - 36.8% 71 - 7.8%
1,500
12/19/2020 1,759 - 37.2% 73 0.0%
12/26/2020 1,696 - 38.7% 80 0.0%
1,000
1/2/2021 1,669 - 38.6% 78 - 3.7%
1/9/2021 1,620 - 39.8% 72 - 12.2%
500
1/16/2021 1,588 - 40.4% 70 - 19.5%

0 1/23/2021 1,505 - 43.7% 58 - 31.0%

10/31/20 11/7/20 11/14/20 11/21/20 11/28/20 12/5/20 12/12/20 12/19/20 12/26/20 1/2/21 1/9/21 1/16/21 1/23/21 3-Month Avg. 1,764 - 38.6% 68 - 16.4%

Historical Inventory of Homes for Sale Single Family Townhouse/Condo

7,500

5,000

2,500

0
1-2015 4-2015 7-2015 10-2015 1-2016 4-2016 7-2016 10-2016 1-2017 4-2017 7-2017 10-2017 1-2018 4-2018 7-2018 10-2018 1-2019 4-2019 7-2019 10-2019 1-2020 4-2020 7-2020 10-2020 1-2021

Current as of February 1, 2021. All data from ValleyMLS. Report © 2021 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.

December Data for the

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

Jan-2020 55 - 15.4% 37 - 36.2%

Feb-2020 55 - 21.4% 23 - 63.5%
62
Mar-2020 50 - 26.5% 33 - 21.4%
Apr-2020 47 - 16.1% 41 - 14.6%
49
42 44 May-2020 45 - 21.1% 51 + 15.9%
Jun-2020 39 - 23.5% 15 - 64.3%
Jul-2020 36 - 25.0% 23 - 46.5%
27 Aug-2020 36 - 25.0% 21 - 38.2%
Sep-2020 30 - 38.8% 23 - 39.5%
15
Oct-2020 29 - 35.6% 47 + 6.8%
Nov-2020 27 - 42.6% 31 + 19.2%
2018 2019 2020 2018 2019 2020 Dec-2020 27 - 44.9% 15 - 65.9%
+ 12.7% - 44.9% + 4.8% - 65.9% Average 38 - 28.3% 29 - 31.4%
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

Current as of February 1, 2021. All data from ValleyMLS. Report © 2021 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.

December Data for the

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

Jan-2020 $208,000 + 9.5% $130,750 + 9.0%

Feb-2020 $199,220 + 10.7% $135,950 - 8.3%
$245,000
Mar-2020 $215,000 + 12.0% $150,000 - 4.9%
$210,950 $205,750 $205,000 Apr-2020 $219,645 + 16.2% $150,000 - 14.8%
$187,250 May-2020 $224,700 + 12.9% $171,000 + 17.9%
Jun-2020 $229,900 + 10.6% $163,500 + 27.7%
$126,500 Jul-2020 $230,000 + 14.1% $192,500 + 29.2%
Aug-2020 $233,750 + 16.9% $135,000 - 18.2%
Sep-2020 $230,545 + 15.3% $222,500 + 60.1%
Oct-2020 $233,520 + 15.9% $188,000 + 40.8%
Nov-2020 $234,864 + 14.2% $245,400 + 29.2%
2018 2019 2020 2018 2019 2020 Dec-2020 $245,000 + 16.1% $205,000 - 0.4%
+ 12.7% + 16.1% + 62.6% - 0.4% Median $227,780 + 14.1% $180,000 + 18.4%
Single Family Townhouse/Condo

Historical Median Sales Price Single Family Townhouse/Condo

$300,000

$250,000

$200,000

$150,000

$100,000

$50,000
1-2015 1-2016 1-2017 1-2018 1-2019 1-2020

Current as of February 1, 2021. All data from ValleyMLS. Report © 2021 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.

December Data for the

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

Jan-2020 98.5% + 0.9% 97.9% + 1.9%

97.3% 98.1% 99.3% 97.6% 97.5% 100.6% Feb-2020 98.1% + 0.6% 99.2% + 1.6%
Mar-2020 98.3% + 0.3% 99.6% + 2.7%
Apr-2020 98.7% + 0.4% 99.4% + 1.1%
May-2020 98.8% + 0.8% 99.4% + 2.2%
Jun-2020 99.1% + 1.0% 99.9% + 1.8%
Jul-2020 99.1% + 0.7% 99.6% + 2.2%
Aug-2020 99.2% + 1.2% 99.4% + 1.4%
Sep-2020 99.3% + 1.1% 99.7% + 2.0%
Oct-2020 99.2% + 1.0% 98.4% + 2.1%
Nov-2020 99.2% + 0.8% 101.3% + 2.1%
2018 2019 2020 2018 2019 2020 Dec-2020 99.3% + 1.2% 100.6% + 3.2%
+ 0.8% + 1.2% - 0.1% + 3.2% Average 98.9% + 0.9% 99.6% + 2.0%
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

Current as of February 1, 2021. All data from ValleyMLS. Report © 2021 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.

December Data for the

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

Jan-2020 136 - 1.4% 217 - 0.9%

Feb-2020 144 - 2.0% 212 + 19.1%
204 Mar-2020 134 - 3.6% 192 + 13.6%
Apr-2020 133 - 7.0% 195 + 27.5%
152 May-2020 131 - 4.4% 172 - 8.5%
138 133 137 Jun-2020 129 - 3.7% 181 - 17.0%
127
Jul-2020 131 - 5.8% 156 - 17.0%
Aug-2020 130 - 8.5% 224 + 30.2%
Sep-2020 132 - 7.0% 137 - 32.8%
Oct-2020 131 - 6.4% 163 - 22.7%
Nov-2020 131 - 4.4% 125 - 15.5%
2018 2019 2020 2018 2019 2020 Dec-2020 127 - 4.5% 152 + 10.9%
- 3.6% - 4.5% - 32.8% + 10.9% Average 132 - 2.2% 177 + 4.6%
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
1-2015 1-2016 1-2017 1-2018 1-2019 1-2020

Current as of February 1, 2021. All data from ValleyMLS. Report © 2021 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.

December Data for the

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

Jan-2020 2.3 - 23.3% 1.6 - 44.8%

3.1 3.0 Feb-2020 2.2 - 21.4% 1.7 - 41.4%
Mar-2020 2.2 - 24.1% 1.7 - 45.2%
Apr-2020 2.2 - 24.1% 1.8 - 33.3%
2.4
May-2020 2.1 - 30.0% 1.8 - 25.0%
Jun-2020 1.9 - 36.7% 2.1 - 8.7%
Jul-2020 1.8 - 37.9% 2.0 + 5.3%
1.4 1.3
1.2 Aug-2020 1.6 - 42.9% 1.5 - 6.3%
Sep-2020 1.5 - 46.4% 1.2 - 40.0%
Oct-2020 1.5 - 46.4% 1.2 - 29.4%
Nov-2020 1.4 - 46.2% 1.3 - 7.1%
2018 2019 2020 2018 2019 2020 Dec-2020 1.2 - 50.0% 1.3 - 7.1%
- 22.6% - 50.0% - 53.3% - 7.1% Average 1.8 - 35.8% 1.6 - 26.9%
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

Current as of February 1, 2021. All data from ValleyMLS. Report © 2021 ShowingTime. | 9