The number of home closings along the U.S. 280 corridor in north Shelby County fell 14%, from 1,748 home closings in 2021 to 1,504 in 2022, according to data from the Greater Alabama Multiple Listing Service.
The residential real estate market in Hoover slowed down in 2022 as interest rates climbed, but it’s still a very healthy market, and the prospects look good for the rest of 2023, Realtors and home builders say.