Numbers reflect October 2020 over October 2019. CHAMBER NEWS
Business Buzz
CO M MUN ITY + COMMERCE N EWS
Economic Intel • HOUSING NUMBERS •
ECONOMIC NEWS
BIG NEWS
+
HYUNDAI ADDS FIFTH VEHICLE TO MONTGOMERY PRODUCTION PLANT
+21%
HOUSING
AVERAGE SALES PRICE
+41% MONTGOMERY’S MAXWELL AIR FORCE BASE TO RECEIVE NEW FLYING TRAINING MISSION: THE MH-139A GREY WOLF FORMAL TRAINING UNIT
#FLY MGM +17.4% +11.6%
1053
578
TOTAL HOMES LISTED FOR SALE
TOTAL HOME SALES
87 AVERAGE DAYS ON MARKET
$217,157 AVERAGE SALE PRICE
• TOURISM UPDATES •
TOTAL HOME SALES
Source: Alabama Center for Real Estate, Montgomery Area
EMPLOYMENT & LABOR LODGING TAX
CIVILIAN LABOR FORCE
171,119
$1,030,529
EMPLOYED LABOR FORCE
OCTOBER 2020
7% UNEMPLOYMENT RATE
158,703
Source: Alabama Department of Labor, MGM Metro Area EMPLOYEES
60%
+60%
YTD OCCUPANCY RATE
JUN
JULY
AUG
SEPT
OCT
6,409
10,223
11,078
12,366
14,523
TOP SECTORS
+8.4%
GOVERNMENT
42,400
TRADE, TRANSPORTATION, WAREHOUSING & UTILITIES
29,500
PROFESSIONAL AND BUSINESS SERVICES
20,200
EDUCATION & HEALTH SERVICES
19,000
NUMBER OF PASSENGERS Source: Alabama Tourism Department
Source: Alabama Department of Labor, MGM Metro Area
98 MONTGOMERY BUSINESS JOURNAL