Encouraging Data on Birmingham’s August Home Sales


According to the Birmingham area MLS, August 2011 showed some nice improvements over last year's numbers as total dollar sales have improved 21% year over year for Birmingham homes sales. As noted, this is the first time in years that the 12 month moving average line for total sales is slightly rising. Total sales are up 22% over August 2010 according to the MLS.

The total inventory has decreased nicely in the last year by over 2200 units. Days on the Market have also improved in the Birmingham area, as have sale prices. Average sale prices for New homes increased nearly $3000 from last month, suggesting that the average home prices have stabilized and will continue to trend upward.