Calhoun County Residential Report January 2019

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1 Calhoun County Residential Report January 2019 Total Residential Sales Current Month January Calhoun County residential sales for the current month totaled 87 units, representing a decrease of 21 transactions when compared to 108 units that were sold one year ago. By Product Type (% of Total Sales) Existing SF: 83 (95%) 106 (98%) Condo: 0 (0%) 1 (1%) New Const. 4 (5%) 1 (1%) *Residential = existing single family, condo, & new construction vs. Prior Month December % vs. Last Year January % vs. 5-Yr Avg January 14-' % vs. Peak January % vs. Trough January % Year to Date January vs.prior Year January % Calhoun Co: Total Residential Sales Historical Home Sales Graph: January Historical data indicates that January residential sales on January (By month) average ( 14-18) decrease 11.9 percent from December. This January month's sales decreased 25.0 percent from the prior month." January January January Year Avg: Year Avg: 102 Median Sales Price Current Month January ,900 The median sales price in Calhoun vs. Prior Month December , -3.5% County for the current month was vs. Last Year January , % $133,900, an increase of 19.1 percent vs. 5-Yr Avg January 14-'18 109,8 27.3% from one year ago. By Product Type (Y-O-Y Comparison) Existing SF: $139,900 $117,450 Condo: $0 $149,900 New Const: $184,400 $159, Year to Date January ,900 vs.prior Year January , % Median Peak January , % Trough January , % Calhoun Co : Median Sales Price $,000 $150, ,900 $,000 $130, ,000 $,000 $110,000 $,000 93,000 $90,000 $,000 Historical Median Selling Price Graph: January Historical data indicates that January median sales prices on January ,450 (By month) average ( 14-18) decrease 6.5 percent from December. This January ,450 month's median price decreased 3.5 percent from the previous January ,900 month." January ,000 January , Year Avg: 109,8 3- Year Avg: 118,933 Page 1 of 5

2 Average Sales Prices Current Month January ,000 The average sales price in Calhoun vs. Prior Month December , % County for the current month was vs. Last Year January , % $152,000, a 12.1 percent increase vs. 5-Yr Avg January 14-'18 128, % from one year ago. By Product Type (Y-O-Y Comparison) Existing SF: $148,621 $135,276 Condo: $0 $149,900 New Const: $227,400 $156,900 Year to Date January ,000 vs.prior Year January , % Average Peak January , % Trough January , % Historical data indicates that January average sales prices on Historical Average Selling Price Graph: January (By month) average ( 14-18) decrease 4.5 percent from December. The January ,632 current month's average price increased by 3.6 percent from the January ,295 prior month." January ,5 January ,917 January ,094 5-Year Avg: 128, Year Avg: 129,836 $,000 $150,000 $, ,221 $130,000 $,000 $110,000 $,000 $90,000 Calhoun Co: Average Sales Price 152, ,211 Days on Market (DOM) Current Month January The average number of days on the market in January was 96, representing a 3.2 percent increase from January vs. Prior Month December % vs. Last Year January % vs. 5-Yr Avg January 14-' % Calhoun Co: Average Days on Market 152 By Product Type (DOM Comparison) Existing SF: Condo: 0 77 New Const: Year to Date January vs.prior Year January % Historical Average DOM Graph: January The 5-year DOM average ( 14-18) for the month of January is 117 days, which is 21 days above the current results. DOM is anticipated to remain within the current range (50- days) for the foreseeable future. January (By month) January January January January Year Avg: 117 Page 2 of 5

3 Total Units Listed for Sale Current Month January Calhoun County residential units available for sale in January decreased by 102 units when compared to the same period last year. By Product Type (Inv, Comparison) Existing SF: Condo: 8 11 New Const.: vs. Prior Month December % vs. Last Year January % vs. 5-Yr Avg January 14-'18 1, % Inventory Peak January , % Trough January % 1,250 1,150 1,013 Calhoun Co: Total Homes Listed 1, Historical data indicates that January inventory on average ( 14-18) decreases 4.3 percent from December. The current month's inventory decreased 4.3 percent from last month's total of 692 homes. Historical Total Units Listed Graph: January January (By month) January January ,131 January ,167 January ,200 5-Year Avg: 1,039 3-Year Avg: 942 Inventory-to-Sales Ratio The inventory for sale divided by the current monthly sales volume equals the # of months of supply (the market is considered to be in balance at approximately 6 months). Calhoun County currently has 7.6 months of supply, up from 6.0 last month and up from 7.1 one year ago. Current Month January vs. Prior Month December % vs. Last Year January % vs. 5-Yr Avg January 14-' % I/S Ratio Peak January % Trough January % Calhoun Co: Months of Supply "January's 7.6 months of supply is 34.6 percent below the 5- Year average of 11.6 months. Calhoun County's inventory-tosales ratio is a1.6 months above equilibrium, indicating a better market for buyers." Historical I/S Ratio Graph: January January (By month) January January January January Year Avg: Year Avg: 9.3 NOTE: This representation is based in whole or in part on data supplied by the reporting boards/associations of REALTORS or their Multiple Listing Service. The Alabama Center for Real Estate does not guarantee and is in no way responsible for its accuracy. Any Market data maintained by the Center does not necessarily include information on listings not published at the request of the seller, listings of brokers who are not members of a local board/association or MLS, unlisted properties, rental properties, etc. The statistics included in this report reflect the residential sales of houses, condominiums, and town homes. Historical Monthly Housing Statistics are available on the web at Alabama Center for Real Estate's homepage - Page 3 of 5

4 Residential Sales for January 2019 Sales , 1, Inventory Calhoun Sales Calhoun Inventory Historical Residential Sales in January of Each Year 110 Sales ,350 1,250 1,150 Inventory Calhoun Sales Calhoun Inventory Page 4 of 5

5 Average Days on Market and Median Sales Price 150,000,000 Average DAys on Market ,000, ,000,000 90,000,000 70,000 Medina Selling Price Calhoun Days on Market Calhoun Median Sales Price This report is compiled and brought to you by ACRE Research. You should not treat any information expressed in ACRE Reports as a specific inducement to make a particular investment or follow a particular strategy. The Alabama Center for Real Estate (ACRE) and/or its partners/work product sponsors does not guarantee and is not responsible for the accuracy or completeness of information, and provides said information without warranties of any kind. All information presented herein is intended and should be used for educational purposes only. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. All investments involve some degree of risk. ACRE will not be liable for any loss or damage caused by your reliance on information contained in ACRE Reports. Page 5 of 5