Note: I’m tracking data for many local markets around the U.S. I think it is especially important to watch inventory this year. Remember sales were weak in April and May 2020 due to the pandemic, so the YoY sales comparison is easy.
For the entire state of Alabama:
Closed sales in May 2021 were 6,936, up 27.6% from 5,434 in May 2020.
Active Listings in May 2021 were 9,363, down 45.1% from 17,042 in May 2020.
Months of Supply was 1.3 Months in May 2021, compared to 3.1 Months in May 2020.
Inventory in May was down 2.3% from last month.