Alabama Economic And Real Estate Report For May Shows Significant Gains
Alabama’s housing market experienced strong growth in May as both home sales and other values increased compared to the previous month and year while, at the same time, listings and inventory reached a five-year high, according to the Alabama Economic and Real Estate Report released on Friday by the Alabama Association of REALTORS®.
Alabama’s 6,214 home sales last month signaled a 7.3% increase from April’s figures and represented a 6.5% increase year-over-year when compared with May of 2024. Likewise, the median home price in May was $230,130, a 2.3% increase compared to the previous month and a 6.7% — or $14,510 — boost when juxtaposed with the same period in 2024.
