Birmingham posted yet another productive month for August, with improving home sales across the entire metro area. Nearly 1,200 homes were sold this past month, a four percent increase from a year ago.
This good news follows the impressive numbers recorded in the area during the month of July. That month, 1,187 residential units were sold, which was an incredible 24 percent increase from the previous July.
Both August and July are consistent with statewide growth and point to an improving overall economy. Since May, our region has maintained healthy home sales, hovering around 1,100 units sold for each month. And, according the Birmingham Association of Realtors, using data produced by the Birmingham Area Multiple Listing Service, sales are already 10 percent ahead of the same period in 2012.
A 10 percent increase is a significant improvement, regardless of what some may consider as modest home sales. These statistics surpass other region’s numbers, making Alabama a leading state in the housing recovery. For homebuyers, this is just another great reason why you should choose the Birmingham metro area as your next home. It’s clear that this region is ideal for economic growth and is showing no signs of slowing down.
The current economic situation is allowing prospective homebuyers everywhere to buy better, newer, and more appealing homes. The Alabama housing market is certainly heating up and homes are growing in value every day. Homebuyers still have time to benefit from the improving market, but interest rates and prices are expected to continue rising.
Improvements in the Alabama real estate industry are a great reason to jump into the buying market. Whether you’re new to home buying or a long-time veteran, you’ll find something perfect for you and your family in Ross Bridge. Our new homes are beautifully built and offered in a wide range of pricing. Residents can enjoy living near a Robert Trent Jones Golf Course, the Marriot Renaissance Ross Bridge Golf Resort & Spa, and other incredible neighborhood amenities. With all that’s available in Ross Bridge, it’s no wonder that our residents are so pleased with their new homes!