This August brought some shifts to the Alabama real estate market: home sales dipped 9.3% from July, but if you zoom out, we’re still 10.6% ahead of last year with 6,680 homes sold. While the median price slipped 3.5% month-over-month, it’s actually up 18.8% compared to last August—which is a big jump for homeowners and buyers alike. We’re also seeing more listings than at any point since 2018, and mortgage rates inched up to 6.67%. Plus, foreclosures have increased by 26.8%.
For those of you navigating Shelby and Jefferson Counties, this paints a more nuanced picture than headlines might suggest. Whether you’re a first-timer, moving up, or finding the right fit for your family, I believe context and patience matter. I always tell my clients: understanding the story behind the numbers is just as important as the numbers themselves. If you’re wondering how these trends might shape your next move, I’m here to walk through it with you—no pressure, just clear information.
Leave a Reply