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Sales dip, prices vary, listings increase: Alabama’s October real estate market

Despite seeing a downturn in home sales, Alabama’s real estate market is showing signs of opportunity, according to the latest October 2023 report from the Alabama Association of REALTORS® (AAR).  Home sales, down 3,488 compared to last October, comes along with a silver lining: Declining interest rates and a noticeable uptick in housing supply. “Declining interest rates signal promise for Alabama’s real estate market,” said Jeremy Walker, CEO of Alabama REALTORS. (Alabama REALTORS®/Contributed) “The decrease in rates presents new avenues for growth and investments in our state. Alabama’s econ

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