Numbers reflect August 2020 over August 2019. CHAMBER NEWS
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CO M MUN ITY + COMMERCE N EWS
Economic Intel ECONOMIC NEWS
• HOUSING NUMBERS •
+9%
HOUSING
AVERAGE SALES PRICE
MOUNTAIN TOP INDUSTRIES SELECTED MONTGOMERY AS THE HOME OF ITS FIRST NORTH AMERICAN FACILITY:
WELCOME TO MGM!
+5%
1,172
522
TOTAL HOMES LISTED FOR SALE
TOTAL HOME SALES $13.5M CAPITAL INVESTMENT
90 FULL TIME JOBS
$3.39M ANNUAL PAYROLL
#FLY MGM +60%
+8%
92 AVERAGE DAYS ON MARKET
$202,273 AVERAGE SALE PRICE
• TOURISM UPDATES •
TOTAL HOME SALES
COMPARED TO 91 IN AUG 2019 Source: Alabama Center for Real Estate, Montgomery Area
EMPLOYMENT & LABOR LODGING TAX
CIVILIAN EMPLOYED LABOR FORCE LABOR FORCE
172,230
$618,797.11
7% UNEMPLOYMENT RATE
159,625
AUGUST 2020
Source: Alabama Department of Labor, MGM Metro Area EMPLOYEES
48%
+132%
OCCUPANCY RATE
APR
MAY
JUNE
JULY
AUG
1,798
4,178
6,409
10,223
11,078
TOP SECTORS
+53%
GOVERNMENT
41,700
TRADE, TRANSPORTATION, WAREHOUSING & UTILITIES
29,200
PROFESSIONAL AND BUSINESS SERVICES
20,200
EDUCATION & HEALTH SERVICES
18,500
NUMBER OF PASSENGERS Source: Alabama Tourism Department
Source: Alabama Department of Labor, MGM Metro Area
98 MONTGOMERY BUSINESS JOURNAL