Local broker shares outlook on 2025 housing market [Video]

BIRMINGHAM, Ala. (WBRC) – The Alabama Association of Realtors (AAR) reports home sales in our state increased 5.9% from October to November in their most recent study.

They say 5,168 homes were sold. AAR reports that although this number broke a trend of three consecutive months of declining sales, it’s still a 2.5% decrease in home sales from 2023.

With a new year approaching, what is the housing market expected to look like?

Gina and Jeremy Miller, co-owners of LocAL Realty, say the increase in home sales is the energy needed to start the new year.

“A lot of mortgage banks had already started making the adjustments knowing the Fed was going to do that Fed cut, and so they started notifying their buyer clientele, which of course we did as well, and hence we saw that spike in purchase contracts which was very encouraging and we think that’s going to definitely carry into …