Market Intelligence Report — AL-820

Birmingham, AL

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-AL-08
As of the latest 2026 data
Stabilizing

Median Listing

$300K
-0.0% YoY

Pending Ratio

0.49
-3.3% YoY

Active Inventory

4,652
+9.9% YoY

Median DOM

59 Days
+1.7% YoY

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The Birmingham, AL housing market exhibits stabilization, with a pending ratio of 0.49 indicating a balanced absorption of available inventory. Active listings have expanded by 9.9% year-over-year, contributing to a more moderated market environment.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

3.5%+0.7 pp YoY

Unemployment rate · Jul 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

1.20M+0.3% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

348+18.3% YoY

Building permits (private housing units) · Jul 2026

Shows whether future inventory pressure may increase.

U.S. Census Bureau building permits via FRED (St. Louis Fed).

Market Analysis

What's moving the Birmingham market right now.

Active listings have expanded by 9.9% over the past year, while new listings saw a more modest increase of 3.0% during the same period. The pending ratio currently stands at 0.49, reflecting a slight year-over-year decline of 3.3%. Median listing prices have remained stable, showing no month-over-month or year-over-year change, alongside a minor 0.4% year-over-year decrease in median price per square foot.

Gene Darden
Real

Local pricing and inventory dynamics across Birmingham shift block by block — happy to walk through what's actually closing.

Historical Analysis

Market Trends

Median Price

$300K-0.0% MoM

Active Inventory

4,652+9.9% YoY

Days on Market

59+1.7% YoY

Sold Score™

59-3.3% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

59
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

With a pending ratio of 0.49 and a notable increase in active listings, the market suggests a more balanced absorption pace. This dynamic reduces immediate pressure on buyers, potentially leading to increased negotiations and a greater emphasis on price discipline from sellers as inventory levels have expanded.

Luxury Segment

The average listing price in the luxury segment has declined by 3.4% year-over-year, suggesting some softening at the higher price tiers. The elevated average-vs-median spread further indicates this trend.

Supply Dynamics

4,652 active listings represent the current floor, with new supply arriving at roughly 1,648 per month.

Pricing Pressure
18.9%

of active listings carry a price reduction, +0.8% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -0.4% year-over-year.

Absorption
0.49

Pending-to-active ratio — Stabilizing.

Recommended For This Market

Stabilizing

Selling in Birmingham, AL? Buyer Demand Index is running at 49%.

Birmingham, AL is sitting near equilibrium. Preparation, pricing and timing decide whether a listing sells fast or lingers.

Buyer Demand Index
49%
Median Days on Market
59 days
Inventory YoY
+10%

Birmingham, AL is balanced, so preparation decides the outcome. Your Sold Score shows where you stand today.

Check my home's Sold Score

Talk to a local listing expert covering Birmingham, AL.

Gene Darden

Real

How these recommendations are chosen →

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Metro Demographics

Metro Area
Birmingham, AL
CBSA Code
13820
State
AL

ZIPs in Birmingham, AL

Sorted by active inventory · click a ZIP for its full report

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