May 2010 & Year-to-date Home Sales
The good news continues: Home sales are up 17% in May 2010 over the previous May. Year-to-date home sales are now 9% ahead of last year. This marks the third month in a row where monthly sales have increased over the previous month and the previous year. Consumers who took advantage of the home buyer tax credit program had a lot to do with these increases.
- Total residential sales in May 2010 were 1,120 compared to 959 a year ago (17% increase)
- Average price in May 2010 was $166,910 compared to $185,713 in May 2009 (10% decrease)
- Median price in May 2010 was $144,000 compared to $156,000 in May 2009 (8% decrease)
- Average days on market were 109 days in May 2010 compared to 109 days in May 2009
- Inventory totaled 11,024 for May 2010 compared to 10,782 in May 2009 (2% increase)
- 2010 Year to date total residential sales are 4,368 compared to 3,989 a year ago (9% increase)
- Year to date average price is $161,336 compared to $166,965 a year ago (3% decrease)
- Year to date median price is $139,200 compared to $139,000 a year ago (no statistical change)
- Year to date average days on market is 108 days compared to 112 days in 2009
The statistics in this report compare total residential sales as compiled by the Birmingham Area Multiple Listing Service, Inc. of the Birmingham Association of REALTORS® for the four county areas of Jefferson, Shelby, St. Clair and Blount. Neither the Birmingham Association of REALTORS® nor its MLS guarantees or is in any way responsible for its accuracy. Any market data maintained by the Association or its MLS does not necessarily include information on listings not published at the request of the seller, listings of brokers who are not members of the Association or MLS, unlisted properties, rental properties, etc.
