The Birmingham Housing Market Continues to Improve

450545231The results are in: Birmingham Realtors have something to smile about! That is, if improving Alabama and Birmingham home sales make you smile!

Month to month numbers fluctuated slightly, but the incredible year over year improvements in the Birmingham housing market are indisputable.  According to the Birmingham Association of Realtors (BAR) and the Alabama Center for Real Estate (ACRE), the number of residential sales reached 808 in November, bringing year-to-date sales up by 9.8 percent through the month.  The average sales price for a home also increased by 8 percent, when compared to prices at this time in 2012.  These numbers are consistent with real estate figures across the state.

And, new home sales across the nation climbed by 25 percent in October – an encouraging feat.  The seasonally adjusted annual sales pace reached 444,000 units – much better than the predicted 425,000 units.  It also surpasses September sales, which topped off at 354,000 units.  The new sales pace supports the notion that the new-homes market is gaining momentum and could very well push even more economic recovery.  Overall, the outlook for 2014 remains positive!

With all of this news about improving housing markets both on a national and local level, as well as promising outlooks for next year, what’s a prospective homebuyer to do?  If a new home is on your wish list this year, then you’re in luck!  There couldn’t be a better time to buy the new home you’ve been eyeing in Ross Bridge.

The Ross Bridge community completely brings the golf resort dream to life.  Tucked away on the Robert Trent Jones Golf Trail with one of the longest courses in the world, our community is only enhanced by the beautiful homes and timeless amenities.  With three unique neighborhoods and a wide range of home designs, finding a home you love in Ross Bridge is a breeze.

Could it get any better?  Well, yes!  Ross Bridge’s amenities are some of the most extensive in the area.  Residents have access to the Marriott Renaissance Ross Bridge Golf Resort & Spa, the Ross Bridge golf course, the Historic Ross Bridge Park, neighborhood pools and playgrounds, and much more.  With so much to do right here in the community, there’s never a dull day in Ross Bridge!

Sources: ACRE, Birmingham Business Journal, USA Today