According to the Alabama Center for Real Estate at the University of Alabama, real state sales for residential properties is up 14% in the state of Alabama for the month of May. The percentage comes from comparing May 2011 to May 2012.

Similarly, home prices are up as well. The average selling price was $149,543–up 2 percent from May 2011. The median price also rose 2.4 percent bringing this year’s number to $127,143.

The Birmingham movers are hopeful that these signs point to a positive trend and that the Alabama real estate market may be improving. We will be sure to keep you posted on emerging trends in the local real estate and also any predictions that come from real estate industry professionals.