The Alabama Center for Real Estate (ACRE) has released its report on the Birmingham real estate market through April 2025. Let’s explore the key findings that impact local homeowners!
Home sales volume remains unchanged compared to last year, and significantly trails the 2021 peak by 31% – indicating a continued cooling of market activity.
Despite slower sales, the median sales price climbed to $321,000, representing a substantial 9% increase from last year. Similarly, the average sales price rose about 9% to $395,000.
Properties now spend an average of 41 days on market before going under contract – a 21% increase from 2024 and 64% above the 5-year average. While this represents a slowing trend, it’s still considerably faster than the 75-day timeframe seen during 2015-2017.
Available housing inventory has decreased by over 17% compared to last year and has plummeted more than 50% from its 2016 peak. At current sales rates, there’s only a 2.9-month supply of homes available – down almost 18% year-over-year.
The Birmingham market continues to present a puzzling scenario: stagnant sales volume alongside rising prices, extended selling timeframes, and diminishing inventory levels.
If you need to sell your Birmingham area home without facing the extended market times, repair costs, and complications of a traditional listing, contact us at 205-390-1050 or visit www.CahabaHomeBuyers.com. We purchase houses throughout Birmingham for cash, offering a straightforward solution during these unpredictable market conditions!