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May Market Snapshot

We wanted to take a few minutes to give you a snap shot of the first quarter this year in comparison to last year. The market has been abuzz and, per usual, hyper-localized within the Greater Birmingham Area. 

In looking at different areas, we have broken down the areas in five categories that most apply to our clientele. We are looking at Forest Park/Redmont (which includes Avondale, Crestwood and Highland Park), Mountain Brook, Crestline Park/Mountaindale, Vestavia/Liberty Park and Homewood. 

Overall, the market has seen a 16% increase in homes sold this quarter versus the same time last year. The average sales price has gone up 14% in the same time, and we have seen an increase of 7% of inventory or active listings coming to the market. 

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