In keeping with May’s real estate trends, June was another successful month for real estate in Birmingham. In fact, metro Birmingham home sales climbed 13 percent in June, making it the 3rd month in a row for double digit year by year growth. The 13 percent increase is the result of comparing June 2011 to June 2012. In addition, average prices rose up 5 percent from a year ago, and the median price is also up 7 percent.
The Birmingham movers have also learned that mid-year data shows price gains by about 2 percent and a total sales increase of 17 percent. While the first half of the year is encouraging that the market may be heading in the right direction, only time will tell what the rest of 2012 has to bring the Birmingham real estate industry.