Alabama residential sales so far for the year are showing a positive trend in the state’s real estate standings. September is traditionally a slow month for real estate, but the rest of the year has been positive in terms of volume movement and local market activity. While sales were lower this September than last September, but industry insiders aren’t concerned. Sales are up from 2011 by 6.3 percent. The Birmingham movers have compiled some statistics for you to offer insight on the state market:

Supply is down 7.3 percent from September 2011, and the current inventory allows for a 10.5 month housing supply. That’s lower supply than last year, but not by much.

Demand has shown an 11 percent increase from 2011. 18 percent of sales were purchases made by investors, and 28 percent were all cash purchases. First time homebuyers came in at 32 percent.

Pricing has gone up, and current figures are a 3.9 percent rise from last year. There was a slight 1.4 percent drop, however, from August 2012 to September, a trend that is consistent year over year. Birmingham is positive year over year growth rates, to the tune of a 12 percent increase.