As the summer comes to a close, numbers are rolling in from the Alabama real estate market in July this year. Overall, Alabama saw a decrease in home sales compared to June of this year, and compared to July of 2024.

Here’s a more comprehensive look at the housing market here in Alabama:

Home sales + median sales prices down in July

E6979C4F 9A52 435D 95D7 7Ed74B2C23B0 — Take a look at the Alabama real estate market in July. (“house for sale by owner” by Images_of_Money is licensed under CC BY 2.0)

According to the Alabama Economic and Real Estate Report, median sales prices, number of homes sold and volume of sales decreased in July, while the number of listings increased.

Here are some highlights from the July report:

Alabama had 6,146 home sales in July,a decrease of 8.6% from the previous month and 140 fewer than last July.
The median sales price was $228,759, down 2.0% from June and $4,457 lower than a year ago. This is an annual decrease of 1.9%.
The sold volume was $1.75 billion in July, a 5.9% decrease from June but an increase of $0.20 billion from last July. This marks a 12.9% annual increase.
The 20,698 active listings at the end of July mark an increase of 19.2% compared to 17,368 one year ago.
The 549 foreclosures in July, unchanged from June but up 22.8% year-over-year increase.