Real estate update from state:v9ldenp-yvg= alabama

State of Alabama Real Estate Market Update

Currently state:v9ldenp-yvg= Alabama real estate market is showing signs of improvement in 2024, with home prices up 2.1% year-over-year to a median of $230,383. However, sales volume remains sluggish compared to recent years due to high interest rates. Inventory has increased, giving buyers more options, but affordability remains a challenge.

The market varies across different regions, with cities like Huntsville, Birmingham, and Gulf Shores seeing stronger demand. Overall, Alabama’s housing market is relatively stable but facing headwinds from economic factors.

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