Alabama Sales Tick Up
- What happened: Alabama’s spring market showed a seasonal lift in March home sales activity. - The key specific: March sales rose 8.2% to 5,438 transactions compared with the prior month. - Context: The state’s gains still lag March 2025 levels, showing the regional variation in this spring’s market (yellowhammernews.com).
Alabama’s housing market picked up in March, with 5,438 home sales statewide as the spring buying season started to show through. (alabamarealtors.com) That was 435 more sales than in February, an 8.2% month-over-month increase, according to the March 2026 Alabama Economic and Real Estate Report from Alabama REALTORS and the Alabama Center for Real Estate. (alabamarealtors.com) The rebound did not erase the gap with a year earlier: March sales were down 776 transactions, or 12.5%, from March 2025, and year-to-date sales were down 12.3% at 15,227. (assets.caboosecms.com) Prices kept climbing even as sales trailed last year. The statewide median sales price reached $262,009 in March, up 4.8% from February and 20.8% from a year earlier. (assets.caboosecms.com) Inventory also expanded. Alabama had 20,355 active listings at the end of March, up 10.5% from 18,415 a year earlier, while months of supply rose to 5.3 from 4.2. (assets.caboosecms.com) Homes still took longer to move than they did last spring. Average days on market rose to 66 in March from 61 a year earlier, though that was only one day longer than February. (assets.caboosecms.com) Dollar volume rose with the seasonal pickup but remained slightly below last year’s pace. Closed sales totaled $1.56 billion in March, up 9.1% from February and down 1.9% from March 2025. (alabamarealtors.com) Alabama REALTORS economist Evan Moore said the market is still adjusting to borrowing costs, even with more homes available. The group said the average 30-year fixed mortgage rate was 6.18% in March, and called 5.3 months of supply a balanced market. (alabamarealtors.com) One pressure point is distress. The report counted 689 foreclosures in March, up 21.3% from February and 54.8% from a year earlier, though still below the 873 recorded in March 2019 before the pandemic. (assets.caboosecms.com) The March numbers leave Alabama with a familiar spring pattern: more buyers and sellers than in winter, higher prices than a year ago, and sales volume that has not yet matched the stronger March market of 2025. (yellowhammernews.com)
