Montgomery Business Journal - July 2021 Economic Intel

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Economic Intel • HOUSING NUMBERS •

MONTGOMERY WHITEWATER

12%

FUN FACT:

MAKING BIG MOVES

HOUSING

2020-21

689

602

9 FULLY LOADED RAFTS (OR 13,500 LBS)

TOTAL HOMES LISTED FOR SALE

TOTAL HOME SALES

AT A TIME WILL BE USED TO MOVE RAFTERS FROM ONE POND TO THE NEXT. THIS SYSTEM WILL WILL BE 170’ LONG WITH 22’ OF ELEVATION CHANGE.

69 AVERAGE DAYS ON MARKET

$218,682 AVERAGE SALE PRICE

• TOURISM UPDATES •

NUMBER OF PASSENGERS

TOTAL HOME SALES 2020-21

A CONVEYOR SYSTEM CAPABLE OF MOVING

19,047

41%

AVERAGE SALES PRICE

CITY LODGING TAX

Source: Alabama Center for Real Estate, Montgomery Area, April 2021

EMPLOYMENT & LABOR CIVILIAN LABOR FORCE

105,413

$952,119

EMPLOYED LABOR FORCE

MAY 2021

4.2% UNEMPLOYMENT RATE

100,978

APRIL 2021

Source: Alabama Department of Labor, MGM Metro Area

68.4%

#FLY MGM

OCCUPANCY RATE MAY 2021

Source: Smith Travel Research, City of Montgomery and the Montgomery Airport Authority.

TOP SECTORS

EMPLOYEES GOVERNMENT

44,500

TRADE, TRANSPORTATION, WAREHOUSING & UTILITIES

29,400

PROFESSIONAL & BUSINESS SERVICES

19,900

EDUCATION & HEALTH SERVICES

19,300

Source: Alabama Department of Labor, MGM Metro Area, April 2021

98 MONTGOMERY BUSINESS JOURNAL


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