Interested in selling your Birmingham home? If the answer is yes, you will be happy to know that home prices are rising for homes listed for sale, and Birmingham is one of the nation’s top ten markets for price increases. Birmingham was No. 9 on that list with a 13.6 percent increase in the seller’s asking price on homes in the metro, but with just a 0.4 percent increase in the year-over-year change in wages per worker. Riverside-San Bernadino, Calif. and Atlanta were the top two on the list.

Birmingham has seen lack of inventory as a strong catalyst for rising prices, but as of last month, the amount of available inventory is growing, so it will be interesting to see what kind of effect that has on listing prices.

Birmingham did not fall into Trulia’s top 25 metros for the highest rent increases, but experts in the multifamily sector in Birmingham are expecting rents to continue inching up, even as new complexes come online downtown. However, it did say that it was cheaper to own a home in Birmingham than it is to rent one. Moving to Birmingham soon? Be prepared for a tight market where you’ll likely be one of my many bidding on the same home!