Economic Intel
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• HOUSING NUMBERS •
LOOKIN’ 63.8 GOOD MONTGOMERY BUSINESS
20%
HOUSING
CONFIDENCE INDEX (ABCI)
32%
AVERAGE SALES PRICE
TOTAL HOME SALES
2020-21
2020-21
10% The ABCI report measures quarterly economic expectations by polling business leaders across the state. “Business leaders in Montgomery have been very optimistic about the city’s economic growth since Q4 2020. The metro’s ABCI registered from moderate to strong for the last three quarters, indicating sustained expectations for economic improvements and growth.” - The University of Alabama Center for
NUMBER OF PASSENGERS
$569,401
85 AVERAGE DAYS ON MARKET
$215,010 AVERAGE SALE PRICE
• TOURISM UPDATES •
9,158
TOTAL HOMES LISTED FOR SALE
TOTAL HOME SALES
Business and Economic Research’s
LODGING TAX
688
440
Source: Alabama Center for Real Estate, Montgomery Area, February 2021
EMPLOYMENT & LABOR CIVILIAN LABOR FORCE
171,658
FEBRUARY 2021
EMPLOYED LABOR FORCE
5% UNEMPLOYMENT RATE
163,020
JANUARY 2021
Source: Alabama Department of Labor, MGM Metro Area
#FLY MGM
57%
OCCUPANCY RATE
Source: Smith Travel Research, City of Montgomery and the Montgomery Airport Authority.
TOP SECTORS
EMPLOYEES GOVERNMENT
44,300
TRADE, TRANSPORTATION, WAREHOUSING & UTILITIES
29,000
PROFESSIONAL & BUSINESS SERVICES
20,000
EDUCATION & HEALTH SERVICES
19,200
Source: Alabama Department of Labor, MGM Metro Area, February 2021
90 MONTGOMERY BUSINESS JOURNAL