Home sales in Alabama rose more than 6 percent in May, as national numbers showed a monthly decline.
The Alabama Center for Real Estate said 4,082 homes sold last month in the state, up nearly 6.5 percent from April and more than 23 percent from May a year ago. Year-to-date, sales were up nearly 15 percent.
Selling price rose a fraction from a year ago, while monthly numbers showed stronger gains, with median selling price up nearly 8 percent over April and average price up more than 6 percent over the previous month.
However, inventory rose nearly 6 percent from last year and more than 2 percent from the previous month to 41,935 homes listed for sale in Alabama.
All of Alabama’s metropolitan markets showed monthly and yearly gains, according to the report, while most rural markets saw declines.
The National Association of Realtors reported Tuesday home sales were down 2.2 percent in May over the previous month, but up nearly 20 percent more than May 2009.
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