Allen Tate/Beverly-Hanks Q2 2024 Market Report

MADISON COUNTY | QUARTER TWO 2024

HOMES FOR SALE 84 2023: 93

LIST/SELL RATIO 95% 2023: 95%

DISTRESSED SALES

CASH SALES 38% 2023: 37%

CLOSED DAYS ON MARKET 78 2023: 75

ACTIVE DAYS ON MARKET

0%

2023: 97 130

2023: 0%

$0-$99,999

$100,000-$199,999

$200,000-$299,999

Home Values

SELLER'S MARKET

Home Values

BALANCED

Home Values

SELLER'S MARKET

vw

q q p q p

q p p q p

Homes Sold

1

Homes Sold

2

Homes Sold

7

p

List/Sell Ratio

71%

List/Sell Ratio

82%

List/Sell Ratio

97%

Days on Market (Active)

45

NA

Days on Market (Active)

289

Days on Market (Active)

108

q p

Days on Market (Closed)

73

Days on Market (Closed)

99

Days on Market (Closed)

57

Months of Inventory

3

Months of Inventory

6

Months of Inventory

2

$300,000-$399,999

$400,000-$499,999

$500,000-$599,999

Home Values

SELLER'S MARKET

Home Values

SELLER'S MARKET

Home Values

SELLER'S MARKET

q q p p p

p

p q p p q

Homes Sold

15

Homes Sold

20

Homes Sold

10

q q

List/Sell Ratio

95%

List/Sell Ratio

97%

List/Sell Ratio

95%

Days on Market (Active)

145

Days on Market (Active)

72

Days on Market (Active)

85

q q

Days on Market (Closed)

98

Days on Market (Closed)

66

Days on Market (Closed)

66

Months of Inventory

5

Months of Inventory

2

Months of Inventory

3

$600,000-$699,999

$700,000-$799,999

$800,000-$899,999

Home Values

SELLER'S MARKET

Home Values

BALANCED

Home Values

SELLER'S MARKET

q p q p q

q p p q p

p q q q q

Homes Sold

4

Homes Sold

3

Homes Sold

4

List/Sell Ratio

96%

List/Sell Ratio

102%

List/Sell Ratio

97%

Days on Market (Active)

68

Days on Market (Active)

134

Days on Market (Active)

155

Days on Market (Closed)

90

Days on Market (Closed)

8

Days on Market (Closed)

62

Months of Inventory

2

Months of Inventory

6

Months of Inventory

4

LEGEND: Change from 2023 data INCREASE: p DECREASE: q NO CHANGE: vw INSUFFICIENT SALES DATA: NA

$900,000-$999,999

$1,000,000+

Home Values

SELLER'S MARKET

Home Values

BUYER'S MARKET

p p p p q

Homes Sold

NA

NA

Homes Sold

3

List/Sell Ratio

NA

NA

List/Sell Ratio

89%

q

Days on Market (Active)

140

Days on Market (Active)

189

Days on Market (Closed)

NA

NA

Days on Market (Closed)

209

q

Months of Inventory

<1

Months of Inventory

9

QUARTER TWO 2024 13

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