realestate

Alabama's Monthly Real Estate Report Reveals $1.7B in Home Sales

Alabama's latest real estate report shows a rise in total home sales statewide.

A
labama’s housing market saw modest gains in September.

    - **Home sales:** 6,055 transactions, up 0.2% from August but down 1.2% (71 units) from September 2023.

    - **Median price:** $235,246, a 0.6% rise from August and an 8.6% jump over the past year.

    - **Sold volume:** $1.70 billion, 0.6% higher month‑over‑month and $0.23 billion above last September, marking a 15.6% annual increase.

    - **Active listings:** 20,765, up 10.3% from the same period last year.

    - **Foreclosures:** 554, 1.6% lower than August but 27.4% higher than September 2023.

    Inventory climbed each month—19% in July, 15% in August, 10% in September—while homes lingered slightly longer on the market, averaging 66, 67, and 68 days respectively, a near 10% rise YoY.

    The report notes that Alabama’s market is aligning with consumer behavior and economic shifts. Rising inventory and steadier sales suggest a more sustainable environment. As 2025 ends, seasonal patterns and national economic forces will determine whether the market continues to balance or shifts further.

Alabama real estate report reveals $1.7B in monthly home sales.