According to the Greater Alabama MLS, February home sales in the Birmingham area increased 2.3% year-over-year from 942 to 964 closed transactions. Following seasonal trends, sales increased by 22% from February. Sales are up 1.5% year-to-date. Two more resources to review: Quarterly Report and Annual Report.
For all Birmingham-area housing data, click here.
Inventory: February listings (3,801) increased 3.5% from February and increased 11.7% from one year ago. At the current sales pace, all the active inventory on the market would sell in 3.9 months, down from 4.6 months in February, and up from 3.6 months in February 2025. The equilibrium point where buyers and sellers have roughly equal bargaining power is roughly 6 months of supply.
Pricing: The median sales price in February was $305,000, decreasing slightly from February and an increase of 3.4% from one year ago. The differing sample size (number of residential sales of comparative months) can contribute to statistical volatility, including pricing. ACRE recommends consulting with a local real estate professional to discuss pricing, as it will vary from neighborhood to neighborhood.
Homes sold in February averaged 56 days on the market, 3 days faster than February 2025.
Forecast: February sales were 14 units, or 1.4%, below the Alabama Center for Real Estate’s (ACRE) monthly forecast. ACRE projected 978 sales for the month, while actual sales were 964 units. ACRE forecasts a total of 1746 home sales in the area year-to-date, while there were 1754 actual sales through February, a difference of 0.44%.
New Construction: The 119 new homes sold represents 12.3% of all residential sales in the Birmingham area in February. Total sales increased by 43.4 year-over-year. The median sales price in February was $339,850, a decrease of 4.2% from February and an increase of 1.5% from one year ago.
Click here to view the entire monthly report. The Birmingham Metro Area Residential Monthly Report is developed in connection with the Birmingham Association of Realtors.
The Birmingham Metro Area Residential Monthly Report is developed in connection with the Birmingham Association of Realtors.
