According to the Birmingham Business Journal this week, average Birmingham homes prices for May 2011 are showing a 10% increase from May 2010, up to $184,581.
This news comes despite a drop in in the total number of homes sales from May of last year, noting that a large percentage of the totals sales were foreclosures. More promising data shows that the average price is up not just in May, but up a total of 4% year-to-date.
To read the original article from the Birmingham Business Journal a posted on bizjournals.com, click here.