May was a very merry month for Alabama’s housing market.

The Alabama Association of Realtors’ monthly report showed both home sales and other values surged over the previous month and year, while listings hit a five-year high.

Last month, Alabama’s 6,214 home sales registered a healthy 7.3% increase from April, and a 6.5% increase year-over-year.

The median home price in May was $230,130, a 2.3% bump compared to the previous month and 6.7% over 2024, meaning $14,510 higher.

But the real action was in the overall picture. The total value of homes closed was $1.7 billion in May, which represented a not-too-shabby 10.4% increase over April and a monumental 26.9% rise over the same period in 2024.

Realtors economist Evan Moore said the signs show Alabama’s housing market may be hitting its stride for those on the hunt.

“Buyers continue to enjoy an increased number of listings in the state while sellers saw an increase in the median sales price in May, but market conditions will likely continue to favor buyers over the next few months as listings are at their highest level in more than five years,” he said.

Homes in Alabama remained on the market one day longer in May as compared to April, at an average of 58 days.

Economists predict that figure to hold in the near future under the current financial conditions.