Metro Birmingham home sales rise 25% in August
by Dawn Kent, Birmingham News – 9/8/11
Birmingham area home sales rose 25 percent in August, compared to a year ago.
Last month, 959 homes were sold in the metro area, up from 768 in August 2010, the Birmingham Association of Realtors said today.
In 2010, a federal tax credit for home buyers program was in effect through June, and that pulled forward many sales that may have occurred later in the year.
As a result, the sales totals fell in the months following the expiration of the program, and that skews year-over-year comparisons.
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