There’s some great news for the residential real estate market in Birmingham. According to the Greater Alabama MLS, Birmingham home sales totaled 1,134 units in April, an improvement in sales growth of 6.6 percent from last April. Maintaining sales above the thousand unit per month threshold is a symbolic benchmark that Birmingham sales routinely eclipsed prior to the recession and its return on a consistent basis will signal that the market continues to gradually recover. A few points on the local market:
April inventory in the Birmingham metro area increased 5.4 percent from the prior month.

The Birmingham area housing inventory in April was 7,513 units, a decrease of 3.5 percent from April 2013 and 41.7 percent from the month of April peak in 2007 (12,895 units).

Existing single family home sales accounted for 86 percent (same as April’13) of total sales while 11 percent (same as April’13) were new home sales and 3 percent (same as April’13) were condo buyers.

April residential sales increased 12.3 percent from the prior month.

The median sales price in April was $160,000, a slip decrease of 1.2 percent from last April ($161,950).

The inventory in the Birmingham metro area increased 5.4 percent from March 2014, so the timing is great if you are thinking of moving to Birmingham and want to have a larger variety of available homes to consider buying. Best of luck on your move to Birmingham!