According to the Alabama Center for Real Estate (PDF), sales of residential real estate (the number of houses sold) in Birmingham for 2014 were almost 6% higher than 2013.
While sales were up, inventory at year end (the number of houses available for sale) was down almost 16%.
The median sales price (half of sales were higher, half of sales were lower) for the year was $167,000, versus about $164,000 in 2013, which was not much movement.
The average days on market (time it takes to sell) was flat when compared to 2013, at about 90 days. This statistic can vary wildly by area, so it is important to speak with someone about your specific situation to find out what your expected days on market is in your neighborhood.
If you have a house on the market that is not selling, or if you don’t care to deal with the hassles of selling on the market the traditional way, call us at 205-390-1050 or log on to www.WeBuyBham.com. We buy houses in the Birmingham metro area. If you want to sell your house fast in Birmingham, we have options for almost every situation, location, price range, and condition of property.