Numbers reflect November 2020 over November 2019.NEWS CHAMBER
Business Buzz
CO M MUN ITY + COMMERCE N EWS
Economic Intel
+ WAY TO GO!
• HOUSING NUMBERS •
ECONOMIC NEWS
+16%
HOUSING
AVERAGE SALES PRICE
+38%
THE 2021 HYUNDAI ELANTRA HAS BEEN NAMED THE NORTH AMERICAN CAR OF THE YEAR BY THE NORTH AMERICAN CAR, UTILITY AND TRUCK OF THE YEAR AUTOMOTIVE MEDIA JURY.
13,299 NUMBER OF PASSENGERS
LODGING TAX
$1,081,350
1018
509
TOTAL HOMES LISTED FOR SALE
TOTAL HOME SALES
85 AVERAGE DAYS ON MARKET
$216,298 AVERAGE SALE PRICE
• TOURISM UPDATES •
TOTAL HOME SALES
Source: Alabama Center for Real Estate, Montgomery Area
EMPLOYMENT & LABOR CIVILIAN LABOR FORCE
170,961
NOVEMBER 2020
EMPLOYED LABOR FORCE
5.2% UNEMPLOYMENT RATE
161,994
NOVEMBER 2020
Source: Alabama Department of Labor, MGM Metro Area
51.4%
#FLY MGM
YTD OCCUPANCY RATE
TOP SECTORS
EMPLOYEES GOVERNMENT
42,900
TRADE, TRANSPORTATION, WAREHOUSING & UTILITIES
30,300
PROFESSIONAL & BUSINESS SERVICES
19,900
EDUCATION & HEALTH SERVICES
18,900
Source: Alabama Tourism Department Source: Alabama Department of Labor, MGM Metro Area
74 MONTGOMERY BUSINESS JOURNAL