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A Year-Over-Year Comparison of Our 2016 and 2017 Markets

Now that the new year has arrived, let’s take a look back at how our 2017 market report compares year over year with 2016.

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Today, I want to share an overview of the 2017 market report with you. Along with that, I’ll also be going over how the 2017 market compared year over year to 2016.

In North Alabama, we had an exciting and prosperous year. We saw positive improvement in all categories for 2017 over the previous year.

On a more personal note, 2017 was also an incredible, record-breaking year for all of us here at Amanda Howard Real Estate. Last year, we had the privilege of serving 860 families. That’s a 21% increase from the number of families we were able to serve in 2016.

As far as the local marketplace goes, the largest increase we saw was in total residential sales, which grew 10% year over year from 2016.

In 2017, we experienced a seller’s market for most of the year. With that being said, there was a substantial decrease last year in the average number of days on market. In 2016, homes spent an average of 90 days on market, while in 2017 that number dropped to an average of 75 days. That amounts to a 16% decrease.

Moving on, I’ve got good news when it comes to value. In 2017, we saw an increase of approximately 5% for both the average list price and the average sold price.

Our current absorption rate has been another interesting aspect of the market to watch. Right now, there is an 18% deficit in the number of homes available from what we saw in 2016. However, it is typical for there to be lower levels of inventory at this time of year.

You can view a more complete account of our market statistics on this chart below.

If you have any other questions, would like more information, or have any real estate needs my team can assist you with, feel free to give me a call or send me an email. I look forward to hearing from you soon. Until next time, make it a great week.



This Week’s Closings, Congratulations!

Mr. Grady Stringer

Ms. JaQuoixia Simon

Mr. and Mrs. David and Faith Persle

Mr. and Mrs. Brian and Corina Hampton

Mr. Gary Bentley

Mr. and Mrs. Jason and Brandy Baird

Mr. and Mrs. Jamie and Joy Robertson

Ms. Sherry Pekearo

Mr. and Mrs. William and Riley Terry

Ms. Lindsey Lachapelle

Mr. and Mrs. Stephen and Marcia Parry

Mr. and Mrs. Robert and Susan Strate

Mr. and Mrs. Jamie and Joy Robertson

Mr. Matthew Rodgers

Mr. and Mrs. John and Laura Hawkins Jr.

Mr. and Mrs. David and Wendy Stewart

Mr. Jacquelyn Putman

Mr. and Mrs. Luke and Deborah Pike

Mr. and Mrs. Charles and Robin Williams

Mr. and Mrs. Jake and Lydia Peek

Ms. Gabrielle Sims

Hot New Listings For Sale:


    2320 Rothmore Drive SW $399,000

    Limestone/Morgan County

    27400 Thomas Edward Drive $170,000

    Madison County

    123 Arbor Hill Lane $238,000

    227 High Road $55,000

    113 Radisson Lane $245,000

    212 Greenlawn Drive $250,000


    186 1st Avenue $265,000

    0 Saddlebrook Way $45,000

    0 Crooked Stick Lane $25,000


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