Alabama Real Estate in March: Sales Up 23% YoY, Inventory Down 46% YoY

Note: I’m tracking data for many local markets around the U.S. I think it is especially important to watch inventory this year.

For the entire state of Alabama:

Closed sales in March 2021 were 7,024, up 23.4% from 5,690 in March 2020.

Active Listings in March 2021 were 9,721, down 46.4% from 18,122 in March 2020.

Months of Supply was 1.4 Months in March 2021, compared to 3.2 Months in March 2020.