As Birmingham’s real estate market heads into busier months, the question continues to be “How will 2011 be to the industry?” This year also marks the 100th anniversary of the Birmingham Association of Realtors who will celebrate its 100 years of evolution in the housing market with a positive outlook for the rest of 2011.
At Ross Bridge we congratulate our friends at the Birmingham Association of Realtors on their history of success generation after generation, and too share the same positive outlook on the industry over the coming months. New homes sales in Birmingham as well as resales are poised for significant improvement despite last year’s unusual sales trends during the federal tax credit.
With improved pricing, fewer units on the market, and recent success of several downtown projects, 2011 is shaping up to be one of the most positive years the market has seen in some time. The Birmingham News recently reported on the Birmingham Association of Realtors milestone and asked its members for their thoughts on this year’s market. The article notes Margi Ingram of Ingram & Associates, mentioning the following:
“…Ingram added that there are reasons to feel optimism about the coming year in the Birmingham real estate market, where she and her colleagues are seeing more activity… the average sold price rose 7.5 percent, and inventory is shrinking. Meanwhile, there are pockets of sales success.”
To read the original article from the Birmingham News as posted on AL.com, click here.