Central Alabama Market Update February 2022

Posted by Gina Buck on Tuesday, February 22, 2022 at 4:18 PM By Gina Buck / February 22, 2022 Comment

Central Alabama Market Update February 2022

In January 2022, the River Region saw 525 sales. The average sales price was $212,751. The average days on the market came in at 60.

In February 2022, the River Region saw 573 sales. The average sales price was $223,837. The average days on the market came in at 57.

This is a prime time to sell your home! Our current inventory numbers are EXTREMELY LOW!! See below:

Elmore County has 59 homes available.

Autauga County has 43 homes available.

Montgomery County has 268 homes available.

To put those numbers in perspective, in the last 30 days, Montgomery county sales totaled 264. That equals about 1 month worth of inventory. This is a historic inventory shortage! As you can see in the graph below, we have gone from around 10 months supply several years ago, to less than 1 currently. Also, below you can see that the median sales price has drastically increased in the last decade.