Click here to view or print the entire monthly report compliments of the ACRE Corporate Cabinet.

Sales: Calhoun County residential sales totaled 150 units during April, an increase in sales of 32.7 percent from the same period a year earlier. Year-to-date sales in Calhoun County are 23.2 percent ahead of the same period last year. Two more resources to review: Quarterly Report and Annual Report.

For all of Calhoun County’s area real estate data, click here. 

Forecast: April sales were 15 percent or 20 units below the Alabama Center for Real Estate’s (ACRE) monthly forecast. The year-to-date sales forecast through April projected 434 closed transactions, while the actual sales were 459 units, a favorable difference of 5.7 percent.

Year-to-date home sales in Calhoun County through April rose 23.2 percent over the same period a year ago.

Supply: Calhoun County area housing inventory totaled 1,087 units, a decrease of 9 percent from April 2015. Inventory decreased 1 percent from the prior month. This direction is consistent with historical data that shows April inventory on average (2011-15) decreases from March by 5 percent. The inventory-to-sales ratio during April decreased favorably from 10.2 months of supply during April 2015 to 9.8 during 2016. Restated, at the April sales pace, it would take 9.8 months to absorb the current inventory for sale. The market equilibrium (balance between supply and demand) during April is considered to be approximately 6 months, so continued improvement in this area would be welcome news.

Demand: April residential sales also increased 8.8 percent from the prior month. This direction is consistent with historical data from Calhoun County indicating that April sales on average (2011-15) increase from March by 12.7 percent. The average days on market until a listing sold was 174 days, 34.9 percent slower than last April.

Pricing: The Calhoun County median sales price in April was $122,500, which is 23.1 percent higher than last April. Pricing can fluctuate from month to month as the sample size of data (closed transactions) is subject to seasonal buying patterns. ACRE recommends consulting with a local real estate professional to discuss prices, as they will vary from neighborhood to neighborhood.

Industry perspective: “We can partially attribute the sizable gain in April in home-selling optimism both to a correction for last month’s unexpected dip and to typical seasonal strength in housing activity in the spring and summer,” said Doug Duncan, senior vice president and chief economist at Fannie Mae. “Even after accounting for these factors, continued tight housing supply has led to renewed strength in home price appreciation, making selling a home a more attractive prospect this year in particular. This improved sentiment could provide an extra boost of much-needed supply for the spring selling season.” For the entire report, click here.

The average sales price for homes sold in Calhoun County during April was $135,643.

On average, homes sold in Calhoun County during April spent 174 days on the market.

There were 1,087 homes listed for sale in Calhoun County in April.

The median sales price for homes sold in April in Calhoun County was $122,500.

There were 9.8 months of supply on the market during April.

Home sales increased 35 percent in Calhoun County over March sales.

There were 150 homes sold in Calhoun County during April.

The Calhoun County Residential Monthly Report is developed in conjunction with the Calhoun County Area Board of Realtors to better serve Anniston-area consumers.