November Home Sales Increase By 6% In Birmingham

As with many other metro housing markets across the country, a higher demand for new homes for sale and rising home prices have continued to push home sales higher in the Birmingham metro area.  Inventory levels have been lowered as an increasing number of new home buyers have chosen to purchase into a new home community, like Ross Bridge, which offers beautiful new golf homes for sale which are priced for a range of affordability, starting from the upper 230s.

A recent  publication from the Birmingham Business Journal reports on the latest Birmingham housing market stats for the month of November 2012:

According to the Birmingham Business Journal, Tuesday’s report by the Birmingham Association of Realtors showed that the number of home sales in Birmingham had increased by 6% from 775 in November 2011 to 825 in November 2012.  This puts homes sales at 9,994 so far this year, which is up 11% from the same period of time in 2011.  The report also said that the median home price had increased by a whopping 14% during that same time frame.

This comes as encouraging news to the local Birmingham housing market industry, as well as prospective home buyers searching for new homes for sale in the Birmingham area.  New Birmingham home communities, such as Ross Bridge, have become increasingly appealing as a great investment opportunity while long-term mortgage rates remain near record lows and home values continue to rise.

With the end of the year approaching, positive housing market trends, such as these, have been seen on a national level and show strong indications that the long-awaited housing recovery is, in fact, underway.