{"id":103785,"date":"2025-02-22T17:50:37","date_gmt":"2025-02-22T17:50:37","guid":{"rendered":"https:\/\/peraltafinancing.com\/alabama\/january-2025-alabama-economic-and-real-estate-report\/"},"modified":"2025-02-22T17:50:37","modified_gmt":"2025-02-22T17:50:37","slug":"january-2025-alabama-economic-and-real-estate-report","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=103785","title":{"rendered":"January 2025 Alabama Economic and Real Estate Report"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p class=\"p1\"><span class=\"s1\">According to the January 2025 Alabama Economic and Real Estate Report released on Thursday by the Alabama Association of REALTORS\u00ae, the state\u2019s housing market saw increases in key areas, with home sales increasing by 4.6 percent in January compared to December and by 9.9 percent over the same period last year.\u00a0<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The median sales price in January of $219,936 also reflected a 4.2 percent increase from 2024 but essentially remain unchanged from December, falling by just 0.1 percent.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u201cJanuary showed positive sales momentum, which may carry over into the early spring,\u201d said David Hughes, economist at Alabama REALTORS\u00ae. \u201cAdditionally, there are other factors hinting that there may be a busier housing market through the early part of this year. However, home buyers should not anticipate any rate relief from the Federal Reserve during the first half of the year.\u201d<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The 442 home foreclosures in January were a 14.3 percent decrease from 2024 but represented a slight 2.8 percent increase from December.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Alabama\u2019s sold volume was $1.27 billion in January, which represents a 19.8 percent annual increase as well as a 5.8 percent month-over-month rise. The state\u2019s 17,735 active listings at the end of January were up 27 percent year-over-year, indicating more options are available to start the year.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Economists noted that preliminary February indicators suggest there may be a more active real estate market in early 2025 relative to 2024.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The report surmises that home buyers are becoming acclimated to higher than usual interest rates as the average 30-year mortgage rate has remained above 6.5 percent for 15 of the last 18 months, and pent up demand among consumers could soon help boost the housing market across Alabama.\u00a0<\/span><\/p>\n<div class=\"code-block code-block-6\" style=\"margin: 8px auto; text-align: center; display: block; clear: both;\">\n<div class=\"zox-post-ad-wrap\"><span class=\"zox-ad-label\">Advertisement. Scroll to continue reading.<\/span><\/div>\n<\/div>\n<p class=\"p2\"><span class=\"s2\"><i>The Alabama Economic and Real Estate Report is published monthly and annually by the Alabama Association of REALTORS\u00ae. <\/i><a href=\"https:\/\/www.alabamarealtors.com\/who-we-are\/market-stats\"><span class=\"s3\"><i>Click here<\/i><\/span><\/a><\/span><span class=\"s4\"><i>\u00a0<\/i><\/span><span class=\"s2\"><i>to view the full monthly and annual reports.<\/i><\/span><\/p>\n<p><!-- CONTENT END 1 -->\n\t\t\t<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>According to the January 2025 Alabama Economic and Real Estate Report released on Thursday by the Alabama Association of REALTORS\u00ae, the state\u2019s housing market saw increases in key areas, with home sales increasing by 4.6 percent in January compared to December and by 9.9 percent over the same period last year.\u00a0 The median sales price [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":103787,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11763],"tags":[12750,47789,47790,11647,4856,3805,482,14728,10930],"dealstore":[],"offerexpiration":[],"class_list":["post-103785","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-alabama","tag-alabama","tag-alabama-association-of-realtors","tag-alabama-economic-and-real-estate-report","tag-economic","tag-estate","tag-january","tag-real","tag-real-estate","tag-report"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - 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