J
uly’s Alabama housing market cooled slightly. The Alabama Economic and Real Estate Report shows 6,146 home sales—an 8.6 % drop from June and 140 fewer than last July. Median sale price fell to $228,759, down 2.0 % from June and $4,457 below the previous year, a 1.9 % annual decline. Total sales volume reached $1.75 billion, a 5.9 % decrease from June but $200 million higher than July 2023, reflecting a 12.9 % year‑over‑year rise. Active listings climbed to 20,698, up 19.2 % from 17,368 a year earlier. Foreclosures stood at 549, unchanged from June but up 22.8 % year‑over‑year. The report notes rising inventory amid slower transaction activity. Data sourced from the Alabama Association of Realtors and reported by Bham Now.
