Alabama Sales & New Construction Rose in 2012

According to reports released by the Alabama Center for Real Estate, there were several positive aspects to the state of Alabama’s real estate status. New home sales improved in November 2013 over November 2012 by over 16 percent, and year to date sales for the same time period rose 7.9 percent. The Mobile movers have also learned that the five main metro markets in the state have had an interesting spread of activity, with positive gains in Birmingham, Montgomery, Tuscaloosa, and Hunstville; with decreases showing only in Mobile, which was down almost 11 percent.

Demand is up throughout the state as well, with Alabama percentages surpassing the national average in fact. New construction in the state is about 1 percent higher than 2011 and increased production is a gradual growth alongside levels of demand. Many Alabama metros are steady with plenty of available inventory (about 6 months worth), except for the Montgomery area.

As for pricing, median new home sales was up 7.8 percent over November 2011 in November 2012.