Tuscaloosa Residential Report August 2018

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Ginger Stafford
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1 Tuscaloosa Residential Report August 2018 Monthly Indicators Recent Figures Trends Total Residential Sales Current Month August vs. Prior Month July % vs. Last Year August % vs. 5-Yr Avg August 13-' % Tuscaloosa residential sales for this month totaled 234 units, representing a decrease of 4.9% percent when compared to the 246 units that were sold a year ago. By Product Type (% of Total Sales) Existing SF: 183 (78%) 196 (80%) Condo: 21 (9%) 24 (8%) New Const. 30 (13%) 26 (12%) *Residential = existing single family, condo, & ACRE Commentary Historical data indicates that August sales on average ( 13-17) increase from the month of July by 12 percent. The current month's sales decreased 6 percent from the previous month. vs. Peak August % vs. Trough August % Year to Date August ,881 vs.prior Year August , % Historical Home Sales August Graph: August August (By month) August August August Year Avg: Year Avg: Tuscaloosa: Total Residential Sales Median Sales Price Current Month August ,700 The median sales price in Tuscaloosa vs. Prior Month July , % for August was $169,700, a 1.5 vs. Last Year August , % percent increase from $167,198, the vs. 5-Yr Avg August 13-'17 159, % median sales price a year ago. By Product Type (Y-O-Y Comparison) Existing SF: $163,000 $156,945 Condo: $121,500 $228,828 New Const: $227,950 $234, Year to Date August ,806 vs.prior Year August , % Median Peak August , % Trough August , 13.2% $180,000 $175,000 $170,000 $165,000 $160,000 $155,000 $,000 $145,000 $140,000 $135,000 Tuscaloosa: Median Sales Price 169,700, , ACRE Commentary Historical Median Selling Price Graph: August Historical data indicates that August median sales prices on August ,198 (By month) average ( 13-17) decreases by 0.3 percent from the month of August ,000 June. The current median price decreased.6 percent from the August ,750 previous month." August ,950 August , Year Avg: 159, Year Avg: 160,316 Page 1 of 5

2 Monthly Indicators Recent Figures Trends Average Sales Prices Current Month August ,061 The average sales price in Tuscaloosa vs. Prior Month July , % this month was $225,061, a 1.9 vs. Last Year August , % percent decrease from one year ago. vs. 5-Yr Avg August 13-'17 193, % By Product Type (Y-O-Y Comparison) Existing SF: $217,169 $189,079 Condo: $245,633 $515,078 New Const: $258,801 $269,159 Year to Date August ,939 vs.prior Year August , % Average Peak August , % Trough August , % $,000 $240,000 $230,000 $220,000 $210,000 $200,000 $190,000 $180,000 $170,000 $160,000 $,000 Tuscaloosa: Average Sales Price 225, , , ,546 ACRE Commentary Historical data indicates that average sales prices for August on Historical Average Selling Price Graph: August (By month) average ( 13-17) decrease by 2 percent from the prior month. The August ,347 current month's average sales price increased by 5.9 percent from August ,400 the previous month. August ,472 August ,239 August ,826 5-Year Avg: 193, Year Avg: 200,406 Days on Market (DOM) Current Month August The average number of days on the market this month was 67, representing an increase of 4.7 percent from 64 days on market one year ago. By Product Type (DOM Comparison) Existing SF: Condo: New Const: vs. Prior Month July % vs. Last Year August % vs. 5-Yr Avg August 13-' % Year to Date August vs.prior Year August % Tuscaloosa: Average Days on Market ACRE Commentary Historical Average DOM Graph: August The 5-year DOM average ( 13-17) for the month of August is 88 days, which is 21 days above the current results. DOM is anticipated to remain within the current range (40-90 days) for the foreseeable future. August (By month) August August August August Year Avg: 88 Page 2 of 5

Monthly Indicators Recent Figures Trends Total Homes Listed for Sale Current Month August 2018 838 Tuscaloosa residential units available for sale this month decreased by 121 units, when compared to

3 Monthly Indicators Recent Figures Trends Total Homes Listed for Sale Current Month August Tuscaloosa residential units available for sale this month decreased by 121 units, when compared to the same period last year. By Product Type (Inv, Comparison) Existing SF: Condo: New Const.: vs. Prior Month July % vs. Last Year August % vs. 5-Yr Avg August 13-'17 1, % Inventory Peak August , % Trough August % ACRE Commentary Historical Total Homes Listed Graph: August Historical data indicates that August inventory on average ( 13-17) decreases from the month of July by.2 percent. The current month's inventory decreased by 2.8 percent from the prior month. August (By month) August ,175 August ,346 August ,515 August ,479 5-Year Avg: 1,346 2, 1, 1,700 1,500 1,300 1, 700 Tuscaloosa: Total Homes Listed 1, Inventory-to-Sales Ratio The inventory for sale divided by the current monthly sales volume equals the # of months of supply (Market considered to be in balance at approximately 6 months). Tuscaloosa currently has 3.6 months of supply, up from 3.5 months the previous month, and down from 3.9 Current Month August vs. Prior Month July % vs. Last Year August % vs. 5-Yr Avg August 13-' % I/S Ratio Peak August % Trough August % Tuscaloosa: Months of Supply ACRE Commentary Historical I/S Ratio Graph: August August's 3.6 months of supply is well below the 5-Year average of 6.6 months. Tuscaloosa's inventory-to-sales ratio is 2.4 months below equilibrium, indicating a continued transition where sellers typically have slightly elevated bargaining power." August (By month) August August August August Year Avg: Year Avg: 5.5 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 Page 3 of 5

Residential Sales August 2017-2018 1,000 Sales 300 200 950 850 Inventory 800 750 Tuscaloosa Sales Tuscaloosa Inventory Historical Home Sales in August of Each Year Sales 230 210 190 170 130 110 90

You should not treat any information expressed in ACRE Reports as a specific inducement to make a particular investment or follow a particular strategy.

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.

4 Residential Sales August ,000 Sales Inventory Tuscaloosa Sales Tuscaloosa Inventory Historical Home Sales in August of Each Year Sales , 1, 1,700 1,500 1,300 1, Inventory Tuscaloosa Sales Tuscaloosa Inventory 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 4 of 5

Average Days on the Market and Median Sales Price 175,000 140 170,000 Average Days on the Market 120 80 60 40 165,000 160,000 155,000,000 145,000 140,000 135,000 130,000 125,000 Median Sales Price

5 Average Days on the Market and Median Sales Price 175, ,000 Average Days on the Market , , ,000, , , , , ,000 Median Sales Price Average Days on the Market 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

Mobile Residential Sales Report March 2019

Mobile Residential Sales Report March 2019 Total Residential Sales Current Month March 2019 420 Mobile residential* sales for March '19 totaled 420 units, an increase of 10.2 percent when compared to last