The Alabama Association of Realtors said the state’s real estate market experienced impressive increases in both sales and median prices during March.

However, uncertainty over the economy may affect the market in coming months, economists said.

Several categories saw eye-popping jumps over activity last year.

Home sales in March saw a 5.6% rise month-over-month and a whopping 23.2% year-over-year burst.

The volume of sold homes across the state was $1.59 billion in March, a huge 44.5% increase over last year and a 10.4% increase month-over-month.

At the same time, the median home price in March rose by 9% compared to February, and 13.4% when contrasted to the same period in 2024.

Alabama Realtors economist David Hughes said the growth in March gives many reasons for optimism.

“At the same time, a recent increase in mortgage rates and consumer sentiment falling to its lowest level in three years may signal future headwinds, but the state’s economy remains healthy today,” Hughes said.

The average home sale price in March of $255,737 reflected a 17.1% increase over last year, and the state’s 18,415 active listings at the end of March were 26.2% higher than the 14,587 of one year ago, which means plenty of property to choose from.

At an average of 61 days, homes in Alabama remained on the market for 18 fewer days in March compared to February.