Weekly Market Activity Report

For Week Ending August 28, 2021 Quick Facts

Data current as of September 7, 2021
Pending sales were down for a second straight month, falling 1.8% in July, according + 5.9% + 37.5% - 3.4% - 5.3% - 26.6% - 42.5%
to the National Association of REALTORS®, as stiff competition for homes and high
Single Family Townhouse/Condo Single Family Townhouse/Condo Single Family Townhouse/Condo
sales prices have discouraged some would-be buyers. Home prices have been soaring
during the pandemic, with the S&P Corelogic Case-Shiller national home price index Year-Over-Year Change Year-Over-Year Change Year-Over-Year Change
reporting that prices rose 18.6% nationally in June, the largest annual increase in the New Listings Pending Sales Homes for Sale
history of the index since 1987.

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 28:
• New Listings increased 5.9% to 379
• Pending Sales decreased 3.4% to 344
• Inventory decreased 26.6% to 1,497 Metrics by Week
New Listings 2
For the month of July: Pending Sales 3
• Median Sales Price increased 19.6% to $275,101 Inventory of Homes for Sale 4
• Days on Market decreased 69.4% to 11
• Pct of List Price Rec'd increased 2.3% to 101.4%
• Months Supply decreased 35.3% to 1.1 Metrics by Month
Days on Market 5
TOWNHOUSE/CONDO Median Sales Price 6
For the week ending August 28: Percent of List Price Received 7
• New Listings increased 37.5% to 11 Housing Affordability Index 8
• Pending Sales decreased 5.3% to 18
• Inventory decreased 42.5% to 46
Months Supply of Inventory 9

For the month of July:

• Median Sales Price increased 1.8% to $196,000
• Days on Market decreased 34.8% to 15
• Pct of List Price Rec'd increased 3.7% to 103.3%
• Months Supply decreased 55.6% to 0.8

Current as of September 7, 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
600
6/5/2021 303 - 18.8% 14 + 16.7%
6/12/2021 319 - 4.2% 11 - 59.3%
500
6/19/2021 388 - 1.0% 23 + 9.5%
6/26/2021 351 - 15.4% 32 + 166.7%
400
7/3/2021 389 + 23.1% 14 - 41.7%
7/10/2021 334 - 7.7% 16 - 27.3%
300 7/17/2021 416 + 15.9% 13 0.0%
7/24/2021 400 + 3.1% 21 + 162.5%
200 7/31/2021 443 + 18.1% 15 + 66.7%
8/7/2021 399 + 8.4% 16 - 20.0%
100 8/14/2021 478 + 33.5% 18 + 12.5%
8/21/2021 366 + 4.6% 16 + 23.1%

0 8/28/2021 379 + 5.9% 11 + 37.5%

6/5/21 6/12/21 6/19/21 6/26/21 7/3/21 7/10/21 7/17/21 7/24/21 7/31/21 8/7/21 8/14/21 8/21/21 8/28/21 3-Month Avg. 382 + 4.6% 17 + 7.3%

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

Current as of September 7, 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
450
6/5/2021 299 - 16.5% 16 + 33.3%
400 6/12/2021 329 - 4.9% 15 - 16.7%
6/19/2021 326 - 6.1% 12 - 14.3%
350
6/26/2021 340 - 16.9% 38 + 280.0%
300
7/3/2021 371 + 14.5% 11 - 42.1%

250 7/10/2021 259 - 18.3% 17 - 10.5%

7/17/2021 300 - 20.2% 10 - 28.6%
200
7/24/2021 356 - 3.0% 25 + 108.3%
150 7/31/2021 356 - 1.9% 15 - 16.7%
8/7/2021 313 - 14.0% 14 - 6.7%
100
8/14/2021 335 - 9.7% 15 - 31.8%
50 8/21/2021 309 - 10.7% 13 - 18.8%

0 8/28/2021 344 - 3.4% 18 - 5.3%

6/5/21 6/12/21 6/19/21 6/26/21 7/3/21 7/10/21 7/17/21 7/24/21 7/31/21 8/7/21 8/14/21 8/21/21 8/28/21 3-Month Avg. 326 - 8.8% 17 + 5.3%

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

Current as of September 7, 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
3,000
6/5/2021 1,208 - 50.0% 49 - 43.0%
6/12/2021 1,201 - 49.9% 44 - 50.6%
2,500
6/19/2021 1,174 - 50.1% 42 - 57.1%
6/26/2021 1,223 - 46.8% 46 - 54.5%
2,000
7/3/2021 1,216 - 46.1% 49 - 49.0%
7/10/2021 1,221 - 45.3% 50 - 51.0%
1,500 7/17/2021 1,279 - 42.3% 47 - 54.4%
7/24/2021 1,359 - 37.8% 50 - 52.4%
1,000 7/31/2021 1,370 - 36.0% 53 - 45.9%
8/7/2021 1,405 - 33.9% 46 - 47.1%
500 8/14/2021 1,467 - 29.4% 46 - 52.1%
8/21/2021 1,491 - 26.8% 49 - 45.6%

0 8/28/2021 1,497 - 26.6% 46 - 42.5%

6/5/21 6/12/21 6/19/21 6/26/21 7/3/21 7/10/21 7/17/21 7/24/21 7/31/21 8/7/21 8/14/21 8/21/21 8/28/21 3-Month Avg. 1,316 - 40.5% 47 - 49.9%

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

Current as of September 7, 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.

July Data for the

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

Aug-2020 36 - 25.0% 20 - 41.2%

Sep-2020 30 - 38.8% 23 - 39.5%

48 Oct-2020 28 - 37.8% 47 + 6.8%

43 Nov-2020 27 - 42.6% 31 + 19.2%
Dec-2020 27 - 44.9% 16 - 63.6%
36
Jan-2021 28 - 49.1% 12 - 67.6%
Feb-2021 31 - 43.6% 14 - 39.1%
23 Mar-2021 28 - 44.0% 25 - 24.2%
15 Apr-2021 25 - 46.8% 9 - 78.0%
11 May-2021 18 - 60.0% 22 - 56.9%
Jun-2021 16 - 59.0% 14 - 6.7%
2019 2020 2021 2019 2020 2021 Jul-2021 11 - 69.4% 15 - 34.8%
+ 14.1% - 69.4% - 46.5% - 34.8% Average 25 - 45.5% 21 - 38.0%
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

Current as of September 7, 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.

July Data for the

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

Aug-2020 $233,750 + 16.9% $135,000 - 18.2%

$275,101
Sep-2020 $230,545 + 15.3% $222,500 + 60.1%

$230,000 Oct-2020 $233,520 + 15.9% $188,000 + 40.8%

$201,557 Nov-2020 $234,864 + 14.2% $245,400 + 29.2%

$192,500 $196,000
Dec-2020 $245,000 + 16.1% $205,000 - 0.4%

$149,000 Jan-2021 $237,780 + 14.3% $196,000 + 49.9%

Feb-2021 $240,000 + 20.5% $184,250 + 35.5%
Mar-2021 $252,900 + 17.6% $220,510 + 47.0%
Apr-2021 $256,175 + 16.6% $190,000 + 26.7%
May-2021 $260,000 + 15.6% $248,450 + 45.3%
Jun-2021 $269,900 + 17.4% $180,000 + 10.1%
2019 2020 2021 2019 2020 2021 Jul-2021 $275,101 + 19.6% $196,000 + 1.8%
+ 14.1% + 19.6% + 29.2% + 1.8% Median $249,000 + 15.9% $203,880 + 27.4%
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 1-2021

Current as of September 7, 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.

July Data for the

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

Aug-2020 99.2% + 1.2% 99.4% + 1.4%

101.4% 99.6% 103.3% Sep-2020 99.3% + 1.1% 99.7% + 2.0%
98.4% 99.1% 97.5%
Oct-2020 99.1% + 0.9% 98.4% + 2.1%
Nov-2020 99.2% + 0.8% 101.3% + 2.1%
Dec-2020 99.3% + 1.2% 100.7% + 3.3%
Jan-2021 99.4% + 0.9% 101.0% + 3.2%
Feb-2021 99.5% + 1.4% 100.5% + 1.3%
Mar-2021 100.1% + 1.8% 100.7% + 1.1%
Apr-2021 100.7% + 2.0% 102.8% + 3.4%
May-2021 101.4% + 2.6% 101.8% + 2.4%
Jun-2021 101.5% + 2.4% 102.4% + 2.5%
2019 2020 2021 2019 2020 2021 Jul-2021 101.4% + 2.3% 103.3% + 3.7%
+ 0.7% + 2.3% + 2.2% + 3.7% Average 100.0% + 1.6% 101.0% + 2.4%
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

Current as of September 7, 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.

July Data for the

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

Aug-2020 149 - 6.9% 259 + 33.5%

Sep-2020 152 - 5.0% 158 - 31.6%
212
Oct-2020 151 - 4.4% 188 - 21.3%
180 182 Nov-2020 151 - 2.6% 145 - 13.2%
157 151 Dec-2020 146 - 3.3% 175 + 13.6%
130 Jan-2021 152 - 3.2% 185 - 26.0%
Feb-2021 150 - 9.6% 195 - 20.1%
Mar-2021 138 - 11.0% 159 - 28.4%
Apr-2021 137 - 10.5% 185 - 17.8%
May-2021 136 - 9.9% 143 - 27.8%
Jun-2021 131 - 12.1% 196 - 6.2%
2019 2020 2021 2019 2020 2021 Jul-2021 130 - 13.9% 182 + 1.1%
- 3.8% - 13.9% - 15.1% + 1.1% Average 144 - 14.7% 181 + 1.0%
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 1-2021

Current as of September 7, 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.

July Data for the

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

Aug-2020 1.6 - 44.8% 1.3 - 18.8%

Sep-2020 1.5 - 46.4% 1.1 - 45.0%
2.9 Oct-2020 1.4 - 50.0% 1.0 - 41.2%
Nov-2020 1.3 - 50.0% 1.1 - 21.4%
Dec-2020 1.2 - 50.0% 1.1 - 21.4%
1.9 1.8 Jan-2021 1.0 - 56.5% 0.8 - 50.0%
1.7
Feb-2021 0.9 - 59.1% 0.8 - 50.0%
Mar-2021 0.9 - 59.1% 0.8 - 50.0%
1.1
0.8 Apr-2021 0.9 - 59.1% 0.7 - 61.1%
May-2021 0.9 - 55.0% 0.8 - 52.9%
Jun-2021 0.9 - 52.6% 0.8 - 60.0%
2019 2020 2021 2019 2020 2021 Jul-2021 1.1 - 35.3% 0.8 - 55.6%
- 41.4% - 35.3% - 5.3% - 55.6% Average 1.1 - 51.1% 0.9 - 44.6%
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

Current as of September 7, 2021. All data from ValleyMLS. Report © 2021 ShowingTime. | 9