In 2021, we reported that the local housing market was hot, and the 2022 Birmingham housing market is no different. We wanted to see how buyers and sellers are positioned for this summer, so we reached out to the experts at Ray & Poynor for their insights. Keep reading to find out what they’re seeing and their top tips for listing your home in Birmingham.
Here’s how the 2022 Birmingham housing market looks so far
In 2022, expect to see the seller’s market continue. The realtors at Ray & Poynor are seeing low inventory and high buyer demand, and they expect these trends to continue in the summer. Inventory for homes is still low, which means buyers need to compete for the limited supply. Plus, out-of-town buyers continue to move to Birmingham—and who can blame them with a city as great as ours, right?
“The 2022 housing market was slow in January but picking up now that warm weather has arrived. We continue to see historically low inventory. When a new listing comes up, there are multiple offers and buyers are bidding more agressively than they were in 2021. It is rare to find a house that has been on the market longer than a few days.”Lucy Parker, Realtor, Ray & Poynor
The experts at Ray & Poynor have amazing tips for the 2022 Birmingham housing market, whether you’re buying *or* selling. Want to list or find your new home? Reach out to their team today.
4 tips for listing your home in Birmingham
1. Declutter your home
When buyers are looking at your house, make sure to remove extra clutter or items that might distract them from seeing your house and its potential. Consider this a chance to get a jump start on your spring cleaning and donate used goods to local thrift stores.
“Clean thoroughly—potential buyers need to see themselves living in the space.”Betsy French, Realtor, Ray & Poynor
2. Freshen up your curb appeal
Beyond decluttering inside your house, it’s important to freshen up your curb appeal and landscaping.
“New landscaping is the first thing buyers see.”Judy Horton, Realtor, Ray & Poynor
3. Price your home fairly
While most sellers are seeing their homes go above the asking price, it’s important to price your home accurately and fairly so it doesn’t sit on the market for too long.
“In this competitive marketplace, buyers expect a bidding war or to offer more than the purchase price for most homes. The educated buyer knows when a home is overpriced, and they often shy away from making a ‘low-ball’ offer.”Christen Crosby, Realtor, Ray & Poynor
4. Consider using a professional stager
Once you’ve decluttered and cleaned your home, consider bringing in a professional stager. When you list your home, it’s important to make sure you make the space look like somewhere your potential buyers can envision themselves living.
“These folks have a great eye for space and can see things as a prospective buyer. If you have lived there a while, it’s easy to overlook things that might not be the best choices. Stagers can be incredibly helpful—a small investment for a bigger return.”Betsy French, Realtor, Ray & Poynor
Bonus—buyers are getting creative
With this seller’s market, buyers need to get creative with their offers. Beyond making offers that are over the list price of homes, some buyers are finding other ways to stand out.
“We have seen very creative offers from offering pizza delivery every weekend for a year, tickets to sporting events and, of course, offers that are 30% or higher over the list price in some instances.”Lucy Parker, Realtor, Ray & Poynor
Looking to find a new home or list yours in Birmingham? Reach out to the experts at Ray & Poynor through their website, Instagram, Facebook or give them a call at 205.879.3036 to start working with them.