"Lower-priced homes are selling briskly, while higher-end listings linger, according to the latest HW Data. Alabama's entry-level homes are moving quickly. The state recorded 1,843 pending sales in its most affordable tier last week at a median price of $165,000 well below the national entry-level median of $215,000. These lower-priced homes went under contract in a median of 42 days, a week faster than Alabama's overall pending average of 49 days."
"Across all price ranges, Alabama had 16,275 active single-family real estate listings last week with a median list price of $333,400. Homes still on the market carried a median age of 84 days, highlighting how higher-priced properties are moving more slowly. Pending sales data reflects how quickly homes go under contract, while listings data shows the age of inventory still on the market. Together, they highlight both buyer activity and seller challenges."
Alabama's affordable housing segment shows strong activity, with 1,843 pending sales in the entry-level tier and a median entry price of $165,000, below the national $215,000 median. Entry-level homes went under contract in a median of 42 days, faster than the statewide pending average of 49 days. Across all price ranges there were 16,275 active single-family listings with a median list price of $333,400 and a median listing age of 84 days, signaling slower movement for higher-priced properties. The Altos Market Action Index registered 33, indicating a generally seller-favored market, while higher-priced sellers face longer timelines and more competition.
Read at www.housingwire.com
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