Top Mega Teams in Alabama – Ranked by Volume

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    • Rank – State VolumeTeam NameCompanyLocationVolumeProfile
    1Matt Curtis Real Estate TeamMatt Curtis Real Estate, IncMadison, AL$193,684,516View Profile

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    2023 Alabama Housing Market Summary

    Alabama started 2023 with a total of 9,669 single-family homes on the market, with a median home price of $314,900 and an average price per square foot of $168. By the end of the year, inventory had increased to 11,844 homes on the market (+22%), with a median home price of $319,900 (+1%) and an average price per square foot of $189 (+12%).

    At the start of 2023, the median days on market (DOM) was 70 days – by the end of the year, median DOM had increased to 77 days.

    Alabama started the year with 34% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 33% of Alabama homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that Alabama started 2023 as a seller’s market, with an MAI score of 39; by the end of the year, the MAI had dropped to 29 – a buyer’s advantage.

    This market summary is powered by Altos Research – click here to run a free report for your area.

    Real Estate News

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    Opinion: Do our representatives really want affordable housing? 

    Sep 19, 2024By

    Simultaneously, I have heard this common refrain from eager homebuyers: “I qualify for an FHA (or VA) home loan, but I’m having a hard time getting my offer accepted by a home seller. Why?” 

    Have you ever heard that before or some variation? If so, then you probably know the answer can be summed up in four words: “Source of income” discrimination.

    Housing Market News

    Congress

    Republican senators introduce bill to expand federal oversight of housing programs 

    Sep 18, 2024By

    Sen. Tim Scott and several Senate Republican colleagues have introduced a new bill to increase congressional oversight of HUD programs.

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    Agent News

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    ’Where the rubber meets the road’: New Hampshire brokers reflect on the NAR settlement 

    Sep 17, 2024By

    Brokers in New Hampshire weigh in on how agents in their markets have adapted to recently implemented business practice changes.