As we kick off the new year, we wanted to provide you with a look at the past few years of market activity in the Birmingham area. Currently, the market remains active and healthy. While interest rates have curbed some of the demand, our market's decreased supply of homes for sale has outpaced that decline.
In the graphs below, we've taken a look at inventory, prices, and number of homes for sale. As you can see, inventory is continuing to drop, but prices have continued to rise. We predict to see more of the same in 2023 in most areas of Birmingham. We hope you find this information useful.