Weekly Market Activity Report

For Week Ending October 30, 2021 Quick Facts

Data current as of November 8, 2021
Millennials are leading the housing boom, accounting for 37% of home purchase over + 18.8% + 100.0% + 10.5% - 23.1% - 17.5% - 30.9%
the last year, according to Barron’s. Increasing net worth, household formation, low
Single Family Townhouse/Condo Single Family Townhouse/Condo Single Family Townhouse/Condo
mortgage rates, and a robust economy are a few of the reasons behind the recent
growth of homebuyers in this age segment. With Millennials representing 22% of the Year-Over-Year Change Year-Over-Year Change Year-Over-Year Change
U.S. population--and with their peak earning years ahead—experts remain optimistic New Listings Pending Sales Homes for Sale
about this generation’s impact on the housing market.

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 30:
• New Listings increased 18.8% to 347
• Pending Sales increased 10.5% to 325
• Inventory decreased 17.5% to 1,550 Metrics by Week
New Listings 2
For the month of October: Pending Sales 3
• Median Sales Price increased 19.0% to $277,930 Inventory of Homes for Sale 4
• Days on Market decreased 42.9% to 16
• Pct of List Price Rec'd increased 1.1% to 100.2%
• Months Supply decreased 14.3% to 1.2 Metrics by Month
Days on Market 5
TOWNHOUSE/CONDO Median Sales Price 6
For the week ending October 30: Percent of List Price Received 7
• New Listings increased 100.0% to 16 Housing Affordability Index 8
• Pending Sales decreased 23.1% to 10
• Inventory decreased 30.9% to 38
Months Supply of Inventory 9

For the month of October:

• Median Sales Price increased 25.0% to $235,000
• Days on Market decreased 76.6% to 11
• Pct of List Price Rec'd increased 1.9% to 100.3%
• Months Supply decreased 30.0% to 0.7

Current as of November 8, 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
500
8/7/2021 392 + 6.5% 16 - 20.0%
450 8/14/2021 474 + 32.4% 18 + 12.5%
400 8/21/2021 363 + 3.7% 16 + 23.1%
8/28/2021 375 + 4.7% 11 + 37.5%
350
9/4/2021 352 - 7.1% 18 - 10.0%
300
9/11/2021 337 - 3.2% 13 - 13.3%
250 9/18/2021 367 + 18.4% 6 - 70.0%

200 9/25/2021 317 - 7.3% 9 - 25.0%

10/2/2021 403 + 8.9% 13 + 116.7%
150
10/9/2021 320 + 2.9% 14 + 40.0%
100
10/16/2021 352 + 0.9% 16 + 77.8%
50 10/23/2021 332 + 4.7% 9 - 47.1%

0 10/30/2021 347 + 18.8% 16 + 100.0%

8/7/21 8/14/21 8/21/21 8/28/21 9/4/21 9/11/21 9/18/21 9/25/21 10/2/21 10/9/21 10/16/21 10/23/21 10/30/21 3-Month Avg. 364 + 6.3% 13 + 0.6%

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

Current as of November 8, 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
400
8/7/2021 307 - 15.4% 14 - 6.7%

350 8/14/2021 330 - 11.1% 13 - 40.9%

8/21/2021 298 - 13.9% 14 - 12.5%
300
8/28/2021 324 - 9.2% 16 - 15.8%

250
9/4/2021 321 - 14.4% 7 - 63.2%
9/11/2021 271 - 14.5% 9 - 25.0%
200 9/18/2021 274 - 22.4% 14 - 41.7%
9/25/2021 321 + 8.8% 4 - 82.6%
150
10/2/2021 317 - 3.9% 18 + 50.0%
100 10/9/2021 284 - 4.1% 12 + 33.3%
10/16/2021 296 - 5.1% 12 - 29.4%
50
10/23/2021 326 + 15.6% 18 + 38.5%

0 10/30/2021 325 + 10.5% 10 - 23.1%

8/7/21 8/14/21 8/21/21 8/28/21 9/4/21 9/11/21 9/18/21 9/25/21 10/2/21 10/9/21 10/16/21 10/23/21 10/30/21 3-Month Avg. 307 - 6.9% 12 - 24.8%

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

Current as of November 8, 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
2,500
8/7/2021 1,416 - 33.1% 48 - 44.8%
8/14/2021 1,483 - 28.4% 49 - 49.0%
2,000 8/21/2021 1,527 - 24.7% 55 - 38.9%
8/28/2021 1,546 - 23.9% 52 - 35.0%
9/4/2021 1,548 - 22.2% 51 - 27.1%
1,500
9/11/2021 1,527 - 22.9% 60 - 17.8%
9/18/2021 1,569 - 20.4% 58 - 23.7%

1,000 9/25/2021 1,596 - 17.0% 53 - 23.2%

10/2/2021 1,577 - 18.8% 55 - 11.3%
10/9/2021 1,605 - 16.8% 49 - 19.7%
500
10/16/2021 1,604 - 15.9% 44 - 21.4%
10/23/2021 1,597 - 15.9% 40 - 25.9%

0 10/30/2021 1,550 - 17.5% 38 - 30.9%

8/7/21 8/14/21 8/21/21 8/28/21 9/4/21 9/11/21 9/18/21 9/25/21 10/2/21 10/9/21 10/16/21 10/23/21 10/30/21 3-Month Avg. 1,550 - 21.5% 50 - 29.8%

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

Current as of November 8, 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.

October Data for the

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

Nov-2020 27 - 42.6% 31 + 19.2%

47 Dec-2020 27 - 44.9% 16 - 63.6%
45 44
Jan-2021 28 - 49.1% 12 - 67.6%
Feb-2021 31 - 43.6% 14 - 39.1%
Mar-2021 28 - 44.0% 25 - 24.2%
28 Apr-2021 25 - 46.8% 9 - 78.0%
May-2021 18 - 60.0% 22 - 56.9%
Jun-2021 16 - 59.0% 13 - 13.3%
16
Jul-2021 12 - 66.7% 15 - 34.8%
11
Aug-2021 12 - 66.7% 11 - 45.0%
Sep-2021 13 - 56.7% 15 - 34.8%
2019 2020 2021 2019 2020 2021 Oct-2021 16 - 42.9% 11 - 76.6%
+ 15.9% - 42.9% + 6.8% - 76.6% Average 20 - 51.4% 16 - 47.9%
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 November 8, 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.

October Data for the

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

Nov-2020 $234,900 + 14.2% $245,400 + 29.2%

$277,930
Dec-2020 $245,000 + 16.1% $205,000 - 0.4%
$233,520 $235,000 Jan-2021 $237,780 + 14.3% $196,000 + 49.9%

$201,416 Feb-2021 $240,000 + 20.5% $184,250 + 35.5%

$188,000 Mar-2021 $252,900 + 17.6% $220,510 + 47.0%
Apr-2021 $256,175 + 16.6% $190,000 + 26.7%
$133,500 May-2021 $260,000 + 15.6% $248,450 + 45.3%
Jun-2021 $269,900 + 17.4% $175,000 + 7.0%
Jul-2021 $275,000 + 19.6% $196,000 + 1.8%
Aug-2021 $272,002 + 16.4% $234,500 + 73.7%
Sep-2021 $274,940 + 19.3% $188,866 - 15.1%
2019 2020 2021 2019 2020 2021 Oct-2021 $277,930 + 19.0% $235,000 + 25.0%
+ 15.9% + 19.0% + 40.8% + 25.0% Median $259,900 + 16.3% $213,000 + 26.0%
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 November 8, 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.

October Data for the

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

Nov-2020 99.2% + 0.8% 101.3% + 2.1%

98.2% 99.1% 100.2% 96.4% 98.4% 100.3% 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 101.6% + 2.5% 102.3% + 2.4%
Jul-2021 101.4% + 2.3% 103.3% + 3.7%
Aug-2021 101.0% + 1.8% 100.4% + 1.0%
Sep-2021 100.6% + 1.3% 101.2% + 1.5%
2019 2020 2021 2019 2020 2021 Oct-2021 100.2% + 1.1% 100.3% + 1.9%
+ 0.9% + 1.1% + 2.1% + 1.9% Average 100.4% + 1.7% 101.4% + 2.3%
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 November 8, 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.

October Data for the

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

Nov-2020 151 - 2.6% 145 - 13.2%

Dec-2020 146 - 3.3% 175 + 13.6%
239 Jan-2021 152 - 3.2% 185 - 26.0%
Feb-2021 150 - 9.6% 195 - 20.1%
188 Mar-2021 138 - 11.0% 159 - 28.4%
158 151 152 Apr-2021 137 - 10.5% 185 - 17.8%
129 May-2021 136 - 9.9% 143 - 27.8%
Jun-2021 131 - 12.1% 202 - 3.3%
Jul-2021 130 - 13.9% 182 + 1.1%
Aug-2021 131 - 12.1% 152 - 41.3%
Sep-2021 130 - 14.5% 189 + 19.6%
2019 2020 2021 2019 2020 2021 Oct-2021 129 - 14.6% 152 - 19.1%
- 4.4% - 14.6% - 21.3% - 19.1% Average 138 - 14.0% 172 - 0.1%
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 November 8, 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.

October Data for the

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

Nov-2020 1.3 - 50.0% 1.1 - 21.4%

2.8 Dec-2020 1.2 - 50.0% 1.1 - 21.4%
Jan-2021 1.0 - 56.5% 0.8 - 50.0%
Feb-2021 0.9 - 59.1% 0.8 - 50.0%
Mar-2021 0.9 - 59.1% 0.8 - 50.0%
1.7
Apr-2021 0.9 - 59.1% 0.7 - 61.1%
1.4
May-2021 0.9 - 55.0% 0.8 - 52.9%
1.2
1.0 Jun-2021 0.9 - 50.0% 0.8 - 60.0%

0.7 Jul-2021 1.1 - 35.3% 0.8 - 55.6%

Aug-2021 1.2 - 25.0% 1.0 - 23.1%
Sep-2021 1.2 - 20.0% 0.9 - 18.2%
2019 2020 2021 2019 2020 2021 Oct-2021 1.2 - 14.3% 0.7 - 30.0%
- 50.0% - 14.3% - 41.2% - 30.0% Average 1.0 - 47.4% 0.9 - 42.7%
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

Current as of November 8, 2021. All data from ValleyMLS. Report © 2021 ShowingTime. | 9