Tuscaloosa Area Home Sales Rise 31% Year Over Year For January

TUSCALOOSA, AL — January home sales in the Tuscaloosa area rose 31.2% year over year, according to the latest report from the Tuscaloosa Association of Realtors, which showed an increase from 173 closed transactions to 227

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The realty association also cited the market following seasonal trends, with sales decreasing 26.8% from December, while Tuscaloosa area homes listed for sale decreased 33.7% year over year from 760 listings to 504 in January.

FAST FACTS

• The median sales price for a home in the Tuscaloosa area in January was $209,900, marking an increase of 10.5% from one year ago and a decrease of 0.02% from December 2020.
• Homes sold in January averaged 44 days on the market in Tuscaloosa, selling 29 days faster than in January 2020.
• The Alabama Center for Real Estate (ACRE) initially predicted 210 home sales in January, but the market outperformed expectations with 227 units sold.
• ACRE reports home sales in Alabama increased for the eighth consecutive month in January, rising 17.2% year-over-year.

National Association of Realtors Chief Economist Lawrence Yun said home sales continue to climb in the first month of the year, as buyers quickly snatched up virtually every new listing coming on the market.

"Sales easily could have been even 20% higher if there had been more inventory and more choices. Home sales are continuing to play a part in propping up the economy," he said. "With additional stimulus likely to pass and several vaccines now available, the housing outlook looks solid for this year.”

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