Alabama
Report: Alabama home sales increase for fourth consecutive month
According to the May 2024 Alabama Economic and Real Estate Report released on Thursday by the Alabama Association of REALTORS®, Alabama’s housing market continues to show improvement, marking its fourth consecutive month of significant increases and opening doors to unique opportunities for both buyers and sellers.
“Now is a great time for buyers and sellers to jump into the market,” said Senia Johnson, 2024 President of Alabama REALTORS®. “There is less competition and more options available for buyers, while both sales and sales prices are continuing to increase, which is welcome news for sellers.”
Home sales in Alabama increased for the fourth consecutive month, recording 5,209 sales. This increase is positive news for potential sellers looking to list their home on the market. Alternatively, home sales are still down 19.3 percent year-over-year, indicating less competition for buyers than in previous years.
May’s 15,776 active listings and 4.4 months of supply mark the highest levels available in years. Both areas have continued to increase throughout 2024, providing ample options for buyers.
Alabama’s median sales price reached its highest value in four months, increasing by 2.9 percent compared to April to $204,184. The average sales price also saw a monthly increase of $3,973 in May. However, both median and average sales prices remain down year-over-year, suggesting continued affordability for today’s buyers.
Average 30-year mortgage rates decreased by 19 basis points throughout May from 7.22 percent to 7.03 percent. Rates have continued to trend downward through the first two weeks of June to 6.95 percent.
“The recent reduction in interest rates has attracted more buyers into the market, and further reductions will likely attract even more,” said Jeremy Walker, CEO of Alabama REALTORS®. “Buyers who act now, while inventory is high, have a great opportunity to find the perfect home or property.”
The Alabama Economic and Real Estate Report is published monthly and annually by the Alabama Association of REALTORS®. Click here to view the full monthly and annual reports.
Alabama
Former Alabama superstar signs massive extension with NFL team
Former Alabama star Will Anderson Jr. has reportedly signed a three-year, $150 million extension with the Houston Texans, per ESPN’s Adam Schefter.
Anderson instantly solidified himself as one of the top defensive players in football throughout his rookie campaign in 2023. The star defensive end was named as the Rookie of the Year in 2023, as Anderson’s extension will officially keep him in Houston long-term, as well as make him the highest paid non-quarterback in NFL history.
Anderson recorded an impressive 12 sacks on the Texans’ defensive line in 2025, as the former Alabama star has made history following his head turning extension with Houston.
Anderson was nothing short of a superstar throughout his time at Alabama. Houston drafted the talented lineman with the third overall pick of the 2023 NFL draft, as Anderson was widely regarded as one of the top overall selections from his class.
The former Crimson Tide superstar has officially inked a massive extension with the Texans, as Anderson will undoubtedly continue playing a critical role on Houston’s defensive line over the coming seasons.
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Alabama
Alabama Baseball Strikes Out 17 Times in Noncompetitive Loss to Texas
Alabama head coach Rob Vaughn said that No. 4 Texas would be “hungry” against the No. 11Crimson Tide coming off its first series loss of the season to Texas A&M.
The Longhorns certainly were, as they pounced all over Vaughn’s team, striking out 17 Alabama batters en route to a 10-2 win.
“The story of the game was they just kind of kicked our tail in every phase tonight,” Vaughn said.
Alabama starter Tyler Fay had been elite over his past four starts, dating back to his complete-game no-hitter against Florida, allowing just six earned runs over the 26.0 innings pitched in those games. That changed instantly on Friday evening, as leadoff batter Aiden Robbins opened the game with a double and catcher Carson Tinney took him deep for a two-run blast moments later.
Texas added a third run in the first off an Ethan Mendoza RBI double, setting the tone for a dominant day. Alabama did not record a hit until the fourth inning as Longhorn ace Dylan Volantis tore through batters, striking out 12 over six innings.
Fay ended up going 5.1 innings, just the second time he did not make it through the sixth. The other, against Auburn, was only due to Vaughn wanting to keep his pitch count down in the wake of the no-hitter. He allowed season-highs of seven earned runs and 12 hits in the loss.
The Longhorns added a run each in the third and the fifth, before Alabama put the slightest amount of pressure on Texas in the top of the sixth. Bryce Fowler and Justin Lebron scored on the basepaths off an error and a wild pitch, respectively, to cut the Texas lead to three runs.
“You’ve got to find ways to score,” Vaughn said. “Those two guys just created two runs for us, and did a great job creating those runs and we crawl back in at 5-2, and it’s like, ‘Let’s go back to work…’ So thought we had that chance in those middle innings.”
The Longhorns effectively put the game to bed in the next frame, responding with three runs as Fay was relieved by Connor Lehman. Texas would add two more runs on the day, with the only silver lining coming in the fact that Alabama avoided a run-rule.
The Crimson Tide has now lost four straight SEC games after winning three consecutive series. Zane Adams takes the mound with the series on the line on Saturday, in a game that has been moved up to 12 p.m. CT due to anticipated rain in Austin.
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Alabama
Alabama Unemployment Rate Holds at 2.7% in February; Wages Reach Record High
MONTGOMERY, Ala. (WBMA) — Alabama’s unemployment rate remained unchanged at 2.7% in February, according to preliminary data released by the Alabama Department of Workforce. The figure matches January’s rate and is lower than the 3.0% recorded in February 2025.
The latest data shows 64,831 people unemployed across the state, a slight increase from 64,057 in January but down from 71,929 one year ago. Meanwhile, the number of employed individuals rose by 14,603 over the year, bringing total employment to 2,321,473. The state’s civilian labor force also grew to 2,386,304, an increase of 7,505 people year-over-year.
Wage and salary employment increased by 12,000 over the month to 2,195,300. Gains were seen across several sectors, including leisure and hospitality, government, and private education and health services.
State officials pointed to continued job growth and rising wages as signs of economic strength. Average weekly wages increased by $62.71 over the year, reaching a record high of $1,175.01. Alabama also recorded one of the largest wage increases nationally, with an 8% rise over the same period.
Several industries reported new record-high wages, including manufacturing, trade and transportation, financial activities, professional and business services, and leisure and hospitality.
At the county level, Shelby County reported the lowest unemployment rate at 2.5%, followed by Elmore County at 2.6%. Limestone, Chambers, and Blount counties each recorded rates of 2.7%. The highest unemployment rates were reported in Perry County at 7.1%, Monroe County at 6.6%, and Greene and Wilcox counties at 6.5%.
Among major cities, Pelham posted the lowest unemployment rate at 2.2%, while Vestavia Hills followed at 2.3%. Trussville, Hoover, and Alabaster each recorded rates of 2.4%. The highest city unemployment rates were seen in Prichard at 6.5%, Selma at 5.2%, and Anniston at 4.6%.
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