Press Releases

  • August 17, 2021

    The Birmingham Association of REALTORS® Announces Endorsements

    The Birmingham Association of REALTORS® (BAR) has endorsed candidates for the Birmingham municipal election on Aug. 24. The list includes candidates for Mayor of Birmingham, City Council, and the Board of Education. The candidates endorsed exhibit a commitment to homeownership, private property rights, fair and attainable housing, and a strong economy.

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  • July 23, 2021

    2021 Global Business Summit

    Businesses in Alabama are making an impact at the local, national, international, and global levels. Make connections and get ahead in the business world by learning from professionals leaving behind an economic footprint. Sponsored by Amazon and brought to you by the Birmingham Association of REALTORS® and Central Alabama Global Alliance, the Global Business Summit is taking place Tuesday, July 27, from 1:00PM-4:30PM, at the Wynfrey Hotel in Hoover, Alabama.

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  • April 14, 2021

    Pathway to Home Ownership: Fair Housing Summit

    The Birmingham Association of REALTORS® is recognizing Fair Housing Month this April by hosting a Fair Housing Summit, Friday, April 16, from 6:00 PM to 8:00 PM, at the Birmingham Botanical Gardens. In partnership with the Birmingham City Council, this event will kick off the Magic City Classic. Participants can attend in-person or virtually through a live feed on the Birmingham City Council’s Facebook page.

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  • December 15, 2020

    Residential Market Report – November 2020

    BIRMINGHAM, Ala. - More Records for 2020 and Covid-19 Initiated Shifts in the Housing Market. Over 15,000 homes in Central Alabama have sold since the start of the Coronavirus Pandemic in March of this year. Showings are up 29% from the same time last year when it's typically a slow time of year for buying activity…

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  • November 17, 2020

    City of Birmingham Proclaims Nov. 17th REALTOR® Day

    BIRMINGHAM, Ala. – Today, the Birmingham Association of REALTORS® was honored by the City of Birmingham as Essential Workers through a Proclamation from the City Council, the first-ever City of Birmingham REALTOR® DAY Celebration.

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  • November 12, 2020

    Partnership between North & Central Alabama Home Listing Service

    BIRMINGHAM, Ala. - Today, a historic partnership between two of Alabama’s largest Multiple Listing Services (MLS) took a final step when data sharing went live between ValleyMLS.com and LiveInAlabama.com powered by Greater Alabama MLS (GAMLS).

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  • November 10, 2020

    Residential Market Report – October 2020

    BIRMINGHAM, Ala. - Seller-Friendly Market Expected to Continue. The winter months typically see a slowdown in existing home sales. However, the continuous record-low mortgage interest rates are extending the home purchase season. Mortgage purchase applications increased by 23.5% in October compared to this time last year. It’s shaping up to be one of the best winter sales years ever, with seller-friendly trends like rising home prices and quick-selling homes.

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  • October 20, 2020

    As the Pandemic Continues, Here's What You Need to Know About Buy

    BIRMINGHAM, Ala. - Although the COVID-19 pandemic initially delayed real estate transactions for some people, the housing market in Central Alabama is showing strength and resiliency unimaged earlier this spring. It’s critical to understand the pandemic’s impact on real estate, from simply touring a home to the ability to close transactions.

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  • October 7, 2020

    Residential Market Report – September 2020

    BIRMINGHAM, Ala. – Average Home Price Hits a New High for 2020 It’s still a seller’s market in the Central Alabama home market, and REALTORS® expect the trend to continue according to market indicators. In September, the average sales price jumped to a new high of $284,707 for 2020, which is an increase of 17.67% YTD. The southern states saw the highest price appreciation nationwide, with a 12.3% annual gain. Existing home inventory remains low as total active listings are down 15.68% YTD.

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  • September 11, 2020

    Residential Market Report – August 2020

    BIRMINGHAM, Ala. -“Back-to-School Time” Has Little Effect On Home Sales. As students head back-to-school in August each year, we typically see a significant slowdown in the number of new listings, sales, and showings. This year, the residential real estate market in Central Alabama continues to charge forward as buyers aim to take advantage of the continued low mortgage interest rates. Traditionally, showings drop off by 15-20% in August, but not in 2020. ShowingTime recorded a 40% increase, YoY.

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  • August 10, 2020

    Residential Market Report – July 2020

    BIRMINGHAM, Ala. - It's a Hot Market- Remote-Working Affects Home Buyer Behaviors. The housing market is in full recovery from the COVID-19 pandemic and is hotter now than it was a year ago. New listings, prices, and pending and closed sales remained the same month-over-month from June, but buyers shopped and purchased with a sense of urgency in July.

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  • July 9, 2020

    Residential Market Report – June 2020

    BIRMINGHAM, Ala. - YTD - Closed Sales Up 32%, Listing Prices Up 14% & Inventory Down 27%. In June, buyers purchased homes faster than they came on the market. BAR and GALMLS provide home sales data for the Central Alabama market, including Jefferson, Shelby, Talladega, Coosa, St. Clair, Blount, Bibb, Chilton, Calhoun, Clay, Cleburne, and Randolph counties.

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  • June 3, 2020

    Residential Market Report – May 2020

    BIRMINGHAM, Ala. - 16% Increase In New Listings But Pending Sales Outpaced Active Listings. With homeowners emerging from COVID-19, the market saw a 16% increase in new listings of existing homes since the end of April 2020. However, buyers purchased homes faster than they came on the market. At the end of May, Central Alabama saw the number of pending sales exceed active listings by 5.5%. Pending sales totaled 2,692, and active listings totaled 2,548.

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  • May 7, 2020

    Realtors Report That 77% of Potential Home Sellers are Preparing

    BIRIMINGHAM, Ala. – More than 3 in 4 potential sellers – 77% – are preparing to sell their homes following the end of stay-at-home orders, with half completing do-it-yourself home improvement projects, according to a new survey from the National Association of Realtors®.

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  • May 5, 2020

    Residential Market Report – April 2020

    BIRMINGHAM, Ala. – Efforts Pay Off in Real Estate Industry; Inventory is Down but Showings & Prices are Up. As expected, the market saw a 27% decrease in the number of new listings of existing homes in April. But buyers were out and eager to purchase as evident from the 11.4% increase in the absorption rate. The month closed with a 20% increase in weekly showings and a 9.7% increase in listing price in the Central Alabama market compared to this time last year.

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  • April 17, 2020

    Top Producers In Commercial Real Estate Receive Awards for 2019

    BIRMINGHAM, Ala. – From acquisitions to development to property management, the commercial real estate professionals of the Greater Birmingham Area were hard at work selling and leasing all sectors of the industry in 2019.

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  • April 2, 2020

    Residential Market Report – March 2020

    BIRMINGHAM, Ala. - COVID-19 will Begin Showing Its Effect In The 2nd Quarter as the 1st Quarter Finished Soundly. As the 1st Quarter closes, residential real estate sales are not far off from this time last year. However, the effect of the COVID-19 virus will begin to show in the 2nd Quarter, as the market starts to see a reduction in sales activities

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  • February 7, 2020

    Residential Market Report – January 2020

    BIRMINGHAM, Ala. – 38% Drop In Home Inventory Reflected In 9.8% Listing Price Increase Central Alabama. Numbers for January 2020 indicate there were 852 homes sold in the Central Alabama residential real estate market; this is an 11.2% increase from 766 closings reported for the same period in 2019.

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