Tuscaloosa Sees A Surge In Home Sales This Spring
Alabama's housing market rebounded in 2025 after some difficult times, that trend is continuing this spring, characterized by rising sales, climbing inventory and lower but consistent price appreciation. Nowhere is that more so than in Tuscaloosa where things are looking up.
Figures released by the Tuscaloosa Association of Realtors show May homes sales up 7.1% year-over-year. According to the association there were 317 closings, which marked at 34.3% increase over April.
May listings showed a 2.5% increase above April at 934. The all-important time-on-market also shows positive signs with an increased pace of 2.9 months with a sign in the yard in May. That compares to 3.9 months in April but is up .9 months over May a year ago. This is just over half the amount of time considered to be when buyer/seller bargaining power is equal at six months' supply.
While home sales are up, prices are still muted, however, a homes cost can vary neighborhood to neighborhood. The May median sales price was $285,00, down 0.9% from May a year ago and 3.4% under April.
The Alabama Center for Real Estate (ACRE) at the University of Alabama had forecasted 23 fewer homes to be sold in May than the 317 that actually did sell. Despite the May bump in sales, the year-to-date total of 1,201 home sales is 22 below the 1,223 predicted by ACRE.
50 newly constructed home accounted for 15.8% of May residential sales. That is a decrease of.5% over May a year ago. That is down 15.3% year-over-year. The median sales price of new construction is also down 14.3% from a year ago and 11.2% from April.
Statewide, April recorded 6,214 home sale, up 14.3% from March and a 7.3% year-over-year increase. The median price rose by $34,757 from a year ago to $263,518.
One negative statewide figure is the 692 foreclosures in April, a 39.8% year-over-year increase but only a 0.4% above March.
Click HERE for the ACRE Tuscaloosa Area Residential Market Snapshot.
Statewide Housing and Economic Data (Federal Reserve Bank of St. Louis -FRED)
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