While total residential sales in Alabama decreased 15% year-over-year in May, new home sales increased 7.2% Y/Y from 795 to 852 closed transactions. The median sales price
Sales: According to the Greater Alabama MLS, May home sales in the Birmingham area decreased 21.5% year-over-year from 1,652 to 1,297 closed transactions. Going against seasonal trends,
New home sales represent a significant portion of all residential sales nationwide, usually around 10-12%. The new construction industry is also a significant part of
Danielle Hale, chief economist for Realtor.com, recently released a revised economic and housing forecast. Residential sales nationwide are expected to decline 15% in 2020 versus 2019. Larger
Sales: April home sales in the Birmingham area decreased 13.6% year-over-year from 1,513 to 1,308 closed transactions. Going against seasonal trends, sales were down 4.8% from
Editor’s Note: All information in this article reflects data provided to the Alabama Center for Real Estate for the time period March 1 – 31,
Editor’s Note: All information in this article reflects data provided to the Alabama Center for Real Estate for the time period February 1 – 29,
Based on recent permit trends, new construction activity in Alabama is likely to increase in 2020. Permits for new single family homes were up 7.9%
The Alabama Center for Real Estate created the following rankings based on average days on market (DOM) for closed transactions during January. Birmingham: 41 days
The Alabama Center for Real Estate created the following rankings based on average days on market (DOM) for closed transactions during December. Birmingham: 38 days
