August home sales indicate traditional seasonal downturn has begun

August’s numbers confirm what many of us in Alabama already sense: the seasonal slowdown in home sales has arrived. But here’s something worth celebrating—year-over-year, sales actually climbed by 10.6%. That means more buyers found their place this August than last. Median home prices rose too, up 18.8% to $277,750, reflecting both demand and the value people see in our communities. Listings reached a five-year high, giving families and newcomers alike more options than we’ve seen in a while. On the flip side, mortgage rates touched 6.67% and unemployment inched up to 3.4%, so it’s understandable if you’re feeling both hopeful and cautious. New home permits edged up as well, signaling builders are still betting on Alabama’s future. I’ve seen firsthand how every market shift brings new opportunities and questions—especially for families, first-timers, or anyone looking to make a change. My goal is always to help you navigate these twists with patience and clarity, so you can focus on finding a home that truly fits your life.