inventory: Birmingham AL MLS Market
- 03/07/11 11:51 AM
February, 2011 numbers are still being finalized but the Birmingham AL MLS market, as expected, shows improvement from January but a decline from February 2010. Year-to-year, the decline in 2011 from 2010 in units is about 10% and the decline in volume is about 5%. This nominal decline was widely expected due to last year's tax credit induced buyers entering the market. As compared to the previous month, the Birmingham AL MLS market shows an increase in units of about 12% and 11% in volume.
Taking a look at the chart at right gives a clearer picture of the balance between the … (0 comments)
inventory: Birmingham Real Estate Sales and Inventory Levels
- 01/07/10 02:04 AM
Birmingham real estate sales and inventory levels for December, 2009 appear encouraging after November's spike, which was widely publicized in the local media. I should note this post is based on preliminary figures which will likely be finalized in a few days. Two key measures of the market's strength are real estate sales and inventory levels. Take a look at the chart below to see historical figures (conventional single family only):
Though not shown on the chart, November, 2009 yielded an increase in homes sold from November, 2008 which was surprisingly good news. The increase was sizable (about 35%) but there were concerns that the expiration of … (1 comments)
inventory: Birmingham AL Real Estate Market Report
- 11/06/09 02:01 AM
To keep my readers informed, I provide a real estate market report periodically which is a snapshot of sales and inventory in the Greater Birmingham area. Knowing what the trends show on a macro basis can give buyers and sellers some perspective on what the trends are and how their situation and expectations stack up against what is going on around them.
This real estate market report is pretty simple in that it simply looks at inventory and sales which are the primary measures for how things are going generally. The table below shows, by month, sales and inventory history … (0 comments)
February, 2011 numbers are still being finalized but the Birmingham AL MLS market, as expected, shows improvement from January but a decline from February 2010. Year-to-year, the decline in 2011 from 2010 in units is about 10% and the decline in volume is about 5%. This nominal decline was widely expected due to last year's tax credit induced buyers entering the market. As compared to the previous month, the Birmingham AL MLS market shows an increase in units of about 12% and 11% in volume.
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