The National Association of Homebuilders (NAHB) released it’s monthly report on various housing markets around the country.
They track markets that are showing signs of improving economic health. The index measures employment growth, house price growth, and residential housing growth (single-family) to identify the top improving markets. The full current list can be seen here in this Microsoft Excel file.
Unfortunately the Birmingham market was not included in this list.
This seems to be consistent with the latest Alabama Real Estate Confidence Index, which declined slightly for the North Central region that includes Birmingham.
However, none of these reflect very steep declines, and there are still plenty of houses being bought and sold. If you are trying to sell your house, the key factor is to lower your price accordingly to reflect today’s market conditions.
We buy houses in Birmingham regardless of the market conditions. If you need to sell your house fast you can reach us at 205-390-1050 or at www.WeBuyBham.com to discuss your options.