Alabama Real Estate in July: Sales Down 1% YoY, Inventory Down 29% 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.

Here is a summary post for many markets: Existing Home Inventory in July: Local Markets

For the entire state of Alabama:

Closed sales in July 2021 were 7,601, down 1.5% from 7,714 in July 2020.

Active Listings in July 2021 were 11,146, down 29.3% from 15,772 in July 2020.

Months of Supply was 1.5 Months in July 2021, compared to 2.0 Months in July 2020.

Inventory in July was up 12.0% from last month, and up 19.0% from the record low in May 2021.