Birmingham residential sales spike in March

Birmingham residential sales spiked nearly 30 percent month-to-month in March.

There were 1,128 closings last month, compared to 878 unit sales the month prior, according to new data released by the Alabama Center for Real Estate.

Year-over-year, the Birmingham metro had an increase of 12 percent in home sales during the month, along with a 22 percent increase over the five-year average of 921 units.

The median sales price also climbed 4 percent over February to $170,000 and rose 5 percent year-over-year.

The…