Weekly Market Activity Report

For Week Ending November 13, 2021 Quick Facts

Data current as of November 22, 2021

The Federal Housing Finance Agency may soon increase conforming loan limits, + 1.7% + 77.8% - 2.7% + 114.3% - 13.7% - 18.2%
according to the Wall Street Journal, with Fannie Mae and Freddie Mac expected to Single Family Townhouse/Condo Single Family Townhouse/Condo Single Family Townhouse/Condo

back mortgage loans close to $1 million dollars in high-cost markets, and loans up to Year-Over-Year Change Year-Over-Year Change Year-Over-Year Change
$650K in other markets, beginning in 2022. The final loan limits are expected to be New Listings Pending Sales Homes for Sale
announced November 30th. The projected increases are meant to keep pace with the
historic rise of sales prices in the last year. Conforming loans often offer lower interest
rates and smaller down payments, making it more affordable and easier for some
borrowers to purchase a home. 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 13:
• New Listings increased 1.7% to 304
• Pending Sales decreased 2.7% to 288
• Inventory decreased 13.7% to 1,589 Metrics by Week
New Listings 2
For the month of October: Pending Sales 3
• Median Sales Price increased 19.3% to $278,479 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 November 13: Percent of List Price Received 7
• New Listings increased 77.8% to 16 Housing Affordability Index 8
• Pending Sales increased 114.3% to 15
• Inventory decreased 18.2% to 45
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 22, 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
450
8/21/2021 362 + 3.4% 16 + 23.1%
400 8/28/2021 374 + 4.5% 11 + 37.5%
9/4/2021 349 - 7.9% 18 - 10.0%
350
9/11/2021 337 - 3.2% 13 - 13.3%
300
9/18/2021 367 + 18.4% 6 - 70.0%

250 9/25/2021 316 - 7.6% 9 - 25.0%

10/2/2021 401 + 8.4% 13 + 116.7%
200
10/9/2021 314 + 1.0% 15 + 50.0%
150 10/16/2021 353 + 1.1% 16 + 77.8%
10/23/2021 332 + 4.7% 9 - 47.1%
100
10/30/2021 345 + 18.2% 15 + 87.5%
50 11/6/2021 345 + 5.8% 15 0.0%

0 11/13/2021 304 + 1.7% 16 + 77.8%

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 11/6/21 11/13/21 3-Month Avg. 346 + 3.4% 13 + 6.2%

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 22, 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
8/21/2021 298 - 13.9% 14 - 12.5%

350 8/28/2021 324 - 9.2% 16 - 15.8%

9/4/2021 319 - 14.9% 7 - 63.2%
300
9/11/2021 271 - 14.5% 9 - 25.0%

250
9/18/2021 274 - 22.4% 14 - 41.7%
9/25/2021 319 + 8.1% 4 - 82.6%
200 10/2/2021 314 - 4.8% 18 + 50.0%
10/9/2021 277 - 6.4% 12 + 33.3%
150
10/16/2021 291 - 6.7% 13 - 23.5%
100 10/23/2021 312 + 10.6% 18 + 38.5%
10/30/2021 317 + 7.8% 9 - 30.8%
50
11/6/2021 275 - 0.7% 8 + 14.3%

0 11/13/2021 288 - 2.7% 15 + 114.3%

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 11/6/21 11/13/21 3-Month Avg. 298 - 6.1% 12 - 17.8%

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 22, 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
8/21/2021 1,529 - 24.6% 56 - 37.8%
8/28/2021 1,548 - 23.9% 53 - 33.8%
2,000 9/4/2021 1,548 - 22.2% 52 - 25.7%
9/11/2021 1,528 - 22.9% 61 - 16.4%
9/18/2021 1,572 - 20.3% 59 - 22.4%
1,500
9/25/2021 1,600 - 16.8% 54 - 21.7%
10/2/2021 1,583 - 18.5% 56 - 9.7%

1,000 10/9/2021 1,616 - 16.3% 50 - 18.0%

10/16/2021 1,619 - 15.2% 45 - 19.6%
10/23/2021 1,620 - 14.7% 41 - 24.1%
500
10/30/2021 1,586 - 15.6% 39 - 29.1%
11/6/2021 1,585 - 15.9% 47 - 11.3%

0 11/13/2021 1,589 - 13.7% 45 - 18.2%

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 11/6/21 11/13/21 3-Month Avg. 1,579 - 18.6% 51 - 23.0%

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 22, 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 - 51.5% 16 - 47.8%
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 22, 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%

$278,479
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% $170,000 + 4.0%
Jul-2021 $275,000 + 19.6% $196,000 + 1.8%
Aug-2021 $272,002 + 16.4% $234,500 + 73.7%
Sep-2021 $274,970 + 19.3% $188,866 - 15.1%
2019 2020 2021 2019 2020 2021 Oct-2021 $278,479 + 19.3% $235,000 + 25.0%
+ 15.9% + 19.3% + 40.8% + 25.0% Median $259,904 + 16.3% $212,880 + 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 22, 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 22, 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%
128 May-2021 136 - 9.9% 143 - 27.8%
Jun-2021 131 - 12.1% 208 - 0.5%
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 128 - 15.2% 152 - 19.1%
- 4.4% - 15.2% - 21.3% - 19.1% Average 138 - 14.0% 173 - 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 22, 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% 0.9 - 43.8%
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% 0.9 - 55.0%
0.7 Jul-2021 1.1 - 35.3% 0.9 - 50.0%
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 1.1 - 47.4% 0.9 - 41.7%
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 22, 2021. All data from ValleyMLS. Report © 2021 ShowingTime. | 9