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 2020 due to the pandemic, so the YoY sales comparison is easy.
For the entire state of Alabama:
Closed sales in April 2021 were 7,068, up 33.4% from 5,300 in April 2020.
Active Listings in April 2021 were 9,582, down 46.6% from 17,956 in April 2020.
Months of Supply was 1.4 Months in April 2021, compared to 3.4 Months in April 2020.
Inventory in April was down 1.4% from last month.