Weekly Market Activity Report

For Week Ending April 23, 2022 Quick Facts

Data current as of May 2, 2022
Home sales prices continue to reach new heights, and record gains in equity are + 15.8% - 23.1% - 7.5% + 15.4% + 9.2% + 71.1%
motivating an increasing number of sellers to put their homes up for sale, according to
Single Family Townhouse/Condo Single Family Townhouse/Condo Single Family Townhouse/Condo
Homelight’s 2022 Buyer and Seller Insights Report. With multiple offers common in
many markets, many homeowners have high expectations when it comes to the sale of Year-Over-Year Change Year-Over-Year Change Year-Over-Year Change
their home. More than 40% of sellers believe their home will sell for more than asking New Listings Pending Sales Homes for Sale
price, and about half of those surveyed expect to retain 30% or more of the sale price
as a profit.
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 April 23:
• New Listings increased 15.8% to 432
• Pending Sales decreased 7.5% to 344
• Inventory increased 9.2% to 1,238 Metrics by Week
New Listings 2
For the month of March: Pending Sales 3
• Median Sales Price increased 20.6% to $304,950 Inventory of Homes for Sale 4
• Days on Market decreased 35.7% to 18
• Pct of List Price Rec'd increased 0.6% to 100.7%
• Months Supply increased 11.1% to 1.0 Metrics by Month
Days on Market 5
TOWNHOUSE/CONDO Median Sales Price 6
For the week ending April 23: Percent of List Price Received 7
• New Listings decreased 23.1% to 10 Housing Affordability Index 8
• Pending Sales increased 15.4% to 15
• Inventory increased 71.1% to 65
Months Supply of Inventory 9

For the month of March:

• Median Sales Price increased 2.0% to $225,000
• Days on Market decreased 64.0% to 9
• Pct of List Price Rec'd increased 0.3% to 101.0%
• Months Supply increased 42.9% to 1.0

Current as of May 2, 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
500
1/29/2022 281 - 5.1% 20 + 42.9%
450 2/5/2022 368 + 31.0% 30 + 150.0%
400 2/12/2022 319 + 3.9% 20 + 122.2%
2/19/2022 332 + 23.0% 22 + 340.0%
350
2/26/2022 340 + 11.8% 12 - 45.5%
300
3/5/2022 339 + 6.6% 12 - 7.7%
250 3/12/2022 337 - 7.9% 13 - 55.2%

200 3/19/2022 349 + 16.3% 16 0.0%

3/26/2022 349 + 2.0% 16 + 33.3%
150
4/2/2022 438 + 40.8% 22 + 100.0%
100
4/9/2022 390 + 6.3% 14 - 17.6%
50 4/16/2022 370 + 5.7% 37 + 236.4%

0 4/23/2022 432 + 15.8% 10 - 23.1%

1/29/22 2/5/22 2/12/22 2/19/22 2/26/22 3/5/22 3/12/22 3/19/22 3/26/22 4/2/22 4/9/22 4/16/22 4/23/22 3-Month Avg. 357 + 11.0% 19 + 32.6%

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 1-2022

Current as of May 2, 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
400
1/29/2022 298 - 19.0% 15 + 15.4%

350 2/5/2022 288 - 17.2% 16 + 45.5%

2/12/2022 322 + 12.2% 6 - 33.3%
300
2/19/2022 306 + 7.4% 17 + 54.5%

250
2/26/2022 319 + 6.3% 13 - 23.5%
3/5/2022 334 + 3.1% 13 + 30.0%
200 3/12/2022 319 - 4.5% 12 - 14.3%
3/19/2022 295 + 0.7% 14 - 12.5%
150
3/26/2022 310 - 6.6% 19 + 26.7%
100 4/2/2022 339 + 15.3% 11 + 37.5%
4/9/2022 356 + 7.2% 26 + 271.4%
50
4/16/2022 358 + 5.9% 13 - 18.8%

0 4/23/2022 344 - 7.5% 15 + 15.4%

1/29/22 2/5/22 2/12/22 2/19/22 2/26/22 3/5/22 3/12/22 3/19/22 3/26/22 4/2/22 4/9/22 4/16/22 4/23/22 3-Month Avg. 322 - 0.5% 15 + 18.8%

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 1-2022

Current as of May 2, 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
1,600
1/29/2022 1,281 - 11.6% 58 + 28.9%

1,400 2/5/2022 1,291 - 5.3% 44 - 2.2%

2/12/2022 1,287 + 0.1% 46 + 7.0%
1,200
2/19/2022 1,221 - 5.6% 62 + 55.0%

1,000
2/26/2022 1,257 + 1.6% 61 + 45.2%
3/5/2022 1,228 - 0.6% 56 + 24.4%
800 3/12/2022 1,205 - 0.5% 55 + 19.6%
3/19/2022 1,195 - 1.5% 54 + 1.9%
600
3/26/2022 1,216 + 1.8% 55 + 17.0%
400 4/2/2022 1,244 + 7.3% 55 + 22.2%
4/9/2022 1,258 + 8.6% 50 + 13.6%
200
4/16/2022 1,225 + 6.2% 46 0.0%

0 4/23/2022 1,238 + 9.2% 65 + 71.1%

1/29/22 2/5/22 2/12/22 2/19/22 2/26/22 3/5/22 3/12/22 3/19/22 3/26/22 4/2/22 4/9/22 4/16/22 4/23/22 3-Month Avg. 1,242 + 0.4% 54 + 22.1%

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

Current as of May 2, 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.

March Data for the

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

Apr-2021 25 - 46.8% 9 - 78.0%

May-2021 18 - 60.0% 22 - 56.9%
50 Jun-2021 16 - 59.0% 14 - 6.7%
Jul-2021 12 - 66.7% 15 - 34.8%
Aug-2021 12 - 66.7% 11 - 45.0%
33 Sep-2021 13 - 56.7% 16 - 30.4%
28 Oct-2021 16 - 42.9% 12 - 74.5%
25
Nov-2021 17 - 37.0% 9 - 71.0%
18 Dec-2021 16 - 40.7% 9 - 43.8%

9 Jan-2022 18 - 35.7% 12 0.0%

Feb-2022 20 - 35.5% 12 - 14.3%
2020 2021 2022 2020 2021 2022 Mar-2022 18 - 35.7% 9 - 64.0%
+ 17.6% - 35.7% - 24.2% - 64.0% Average 16 - 51.0% 13 - 51.3%
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 May 2, 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.

March Data for the

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

Apr-2021 $256,175 + 16.6% $190,000 + 26.7%

$304,950 May-2021 $260,000 + 15.6% $248,450 + 45.3%
Jun-2021 $269,900 + 17.4% $175,000 + 7.0%
$252,900 Jul-2021 $275,000 + 19.6% $196,000 + 1.8%
$215,000 $220,510 $225,000
Aug-2021 $272,042 + 16.4% $234,500 + 73.7%
Sep-2021 $275,000 + 19.3% $194,750 - 12.5%
$150,000 Oct-2021 $278,958 + 19.5% $235,000 + 25.0%
Nov-2021 $281,905 + 20.0% $239,900 - 2.2%
Dec-2021 $293,218 + 19.7% $210,000 + 2.4%
Jan-2022 $277,000 + 16.6% $205,000 + 4.6%
Feb-2022 $296,789 + 23.7% $210,000 + 14.0%
2020 2021 2022 2020 2021 2022 Mar-2022 $304,950 + 20.6% $225,000 + 2.0%
+ 17.6% + 20.6% + 47.0% + 2.0% Median $276,205 + 17.5% $213,535 + 9.5%
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 May 2, 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.

March Data for the

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

Apr-2021 100.7% + 2.0% 102.8% + 3.4%

98.3% 100.1% 100.7% 99.6% 100.7% 101.0% May-2021 101.4% + 2.6% 101.8% + 2.4%
Jun-2021 101.6% + 2.5% 102.2% + 2.3%
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% 101.1% + 1.4%
Oct-2021 100.2% + 1.1% 100.3% + 1.9%
Nov-2021 100.0% + 0.8% 102.1% + 0.8%
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%
2020 2021 2022 2020 2021 2022 Mar-2022 100.7% + 0.6% 101.0% + 0.3%
+ 1.8% + 0.6% + 1.1% + 0.3% Average 100.7% + 1.5% 101.7% + 1.7%
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 May 2, 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.

March Data for the

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

Apr-2021 137 - 10.5% 185 - 17.8%

222 May-2021 136 - 9.9% 143 - 27.8%
Jun-2021 131 - 12.1% 202 - 3.3%
Jul-2021 130 - 13.9% 182 + 1.1%
155 159 159 Aug-2021 131 - 12.1% 152 - 41.3%
138 Sep-2021 130 - 14.5% 184 + 16.5%
117 Oct-2021 128 - 15.2% 152 - 19.1%
Nov-2021 127 - 15.9% 149 + 2.8%
Dec-2021 122 - 16.4% 170 - 2.9%
Jan-2022 129 - 15.1% 174 - 5.9%
Feb-2022 120 - 20.0% 170 - 12.8%
2020 2021 2022 2020 2021 2022 Mar-2022 117 - 15.2% 159 0.0%
- 11.0% - 15.2% - 28.4% 0.0% Average 128 - 13.4% 169 - 5.2%
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 1-2022

Current as of May 2, 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.

March Data for the

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

Apr-2021 0.9 - 59.1% 0.6 - 66.7%

2.2 May-2021 0.9 - 55.0% 0.8 - 52.9%

Jun-2021 0.9 - 50.0% 0.8 - 60.0%
Jul-2021 1.1 - 35.3% 0.8 - 55.6%
1.6
Aug-2021 1.2 - 25.0% 0.9 - 30.8%
Sep-2021 1.2 - 20.0% 0.9 - 18.2%
Oct-2021 1.2 - 14.3% 0.7 - 30.0%
1.0 1.0
0.9 Nov-2021 1.2 - 7.7% 0.9 - 18.2%
0.7
Dec-2021 1.1 - 8.3% 1.2 + 9.1%
Jan-2022 1.0 0.0% 0.8 0.0%
Feb-2022 0.9 0.0% 1.0 + 25.0%
2020 2021 2022 2020 2021 2022 Mar-2022 1.0 + 11.1% 1.0 + 42.9%
- 59.1% + 11.1% - 56.3% + 42.9% Average 1.0 - 29.2% 0.9 - 31.5%
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 1-2022

Current as of May 2, 2022. All data from ValleyMLS. Report © 2022 ShowingTime. | 9