Market Trends has released their report on the Birmingham real estate market, with final statistics for the month of April 2017. We cover the highlights here.
Prices seem to be modestly increasing, although total dollar sales were off 2% versus last year. The number of houses sold (“unit sales”) was down 7% from last year. Looking only at the number of used homes sold, that number was down 9% from last year.
Total inventory (the number of houses available for sale) is almost 8% lower than last year. At the current sales pace, there is a 5 month supply of homes on the market, which is less than the 6 months at this time last year. As always, this number can vary significantly depending on the specific area and location.
The average days on market for used homes (days it takes to get a contract — NOT to fully close on the sale) was 104 in April, or about 3.5 months.
If you have a house on the market that is not selling — or simply don’t want to fool with the hassles of selling your house on the MLS market — call or text us at 205-390-1050 or fill out our simple Sell Your House form at www.WeBuyBham.com.
We buy houses throughout the Birmingham area, and can close quickly (or on the date of your choice). If you want to sell your house fast, contact us today!