Homes and Real Estate
Opelika-Auburn June 2024 FREE
Auburn Bank 2 Opelika Chamber 3 HomeLink Realty 6, 10 Insurance Solutions Group 7 Economy Air Heating & AC 7 Berkshire Hathaway Centerfold Denson Real Estate 12 The Bridge Church 12 Simply Media 15 Contents 334-663-1060 NHTMagazine@gmail.com Key Media LLC 334-749-8003 223 S 8th Street Opelika, AL 36801 *NeighborhoodTour Magazine is a monthly publication which features agent listed properties for sale. This magazine will not knowingly accept or publish illegal material of any kind. Advertising which expresses preference based on legally protected personal characteristics is not acceptable. Publisher assumes no responsibility and shall not be held liable for any typographical errors inadvertently made in advertisements. All rights reserved. Copying or reproduction, in whole or in part, of this publication is strictly prohibited. Publisher’s Notice: All real estate advertised herein is subject to the Federal Fair Housing Act, which makes it illegal to advertise “any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial status, or national origin, or intention to make any such preference, limitation, or discrimination.” © COPYRIGHT, 2018.
Featured Tours 6 Bed, 3 Bath Victorian Beauty! 822 N 10th Street Opelika David Knapp Keller Williams 334.750.1700 Discover the Epitome of Luxury! 2236 Columbia Drive Auburn Tara Cowles Homelink Realty 334.524.7653 2 Separate Homes on 13.35 Acres! 4343 Lee Rd 379 Salem Karol Kirby EXP Realty 334.319.2472 Digital Editions Scan Here and H and Real Estate O -A Home Trends for 2022 The Crazy Crafty Chick Featurette Pages 14 15
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INSURANCE AND FINANCIAL SOLUTIONS SHEY KNIGHT (334) 203-4296 JEFF BRYANT (334) 444-3512 We Know Insurance!
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Tori Beth Thompson Associate Broker, REALTOR® 334.524.0422 toribethsellshomes@gmail.com toribethsellshomes.com In Cannon Gate! 1302 Live Oak Circle- Spacious 5 Bedroom 3 Bath Home. Two Story Living Room. Kitchen features stainless appliances, tile tub, double vanity, and walk-in closet. Drop Zone. Laundry Room with Cabinets. Second Story features 3 Bedrooms, a Bath, and Page 10 June 2024 Has Been Beautifully Updated. Downstairs, the basement offers an additional living space with a bedroom, den, kitchenette, and full 4 Bedroom, 3 Bath Home! 1515 Fitzpatrick Avenue #506One Level Condo at the Villas of Opelika!
Tinker McCain Realtor® 334.748.0183 Linda Zhang Realtor® 334.734.3341
Howell Realtor® 205.612.0175
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Alabama’s Housing Market Sustains Three Consecutive Months of Positive Growth
Alabama’s housing market has steadily improved in recent months, creating the most favorable conditions buyers have seen statewide in the past few years according to the April 2024 Alabama Economic and Real Estate Report released by the Alabama Association of REALTORS®.
“As the weather has warmed up, so has Alabama’s housing market,” said Senia Johnson, 2024 President of Alabama REALTORS®. “For Alabamians pursuing homeownership, now is the time to get o the sidelines and contact a local REALTOR®.”
For the third consecutive month, home sales and active residential listings increased across Alabama, while foreclosures decreased by 4.0%.
e 5,164 home sales recorded in April represent a 3.8% month-over-month increase, contributing to the roughly $100 millionrise in sales volume compared to March 2024. Alabama’s sales volume has been on the rise for the past two months.
Active residential listings continued to climb in April, marking a 37.2% annual increase and a monthly growth of 485 listings. e 15,072 active listings currently on the market is the highest number recorded since June 2020.
Additionally, the median sales price declined by 4.3% year-over-year and 2.2% monthover-month, reaching its lowest level since March 2021. is new low suggests improved a ordability for buyers.
Federal Reserve leaders continue to indicate that the federal funds rate target will remain unchanged for the next few months, reducing the likelihood of a rate cut in 2024.
“While it appears that lending rates will remain elevated, buyers have more a ordable options in today’s housing market,” said Jeremy Walker, CEO of Alabama REALTORS®. “April has been the state’s most encouraging month this year,
and indicators point to further improvements throughout the summer.”
e Alabama Economic and Real Estate Report is published monthly and annually by the Alabama Association of REALTORS®.
November 2023 Page 13
June 2024
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