The Alabama Center for Real Estate released its May sales numbers this week, and shows that sales throughout the state had strong gains as compared to April. Residential sales actually increased over 10% in May, great news!
Positive signs are showing for those looking to purchase a new Birmingham home. The study showed that Alabama's inventory decreased 7.5% compared to last year, while pricing increased another 2.8% when compared to this April. And in several local markets, sales actually had the best month in years. It all adds up to one simple conclusion — the window of opportunity to buy a new home in Birmingham may never be better.
Because of the tax break issued in 2010, many experts are skeptical to compare this year to last since the data does not represent true historical statistics under normal conditions. However when comparing YTD 2011 to YTD 2009, ACRE finds that sales, average price, and available inventory all show improvements.