Total dollar sales were down 6% versus last January, though the trailing 12 month average continues to move up, signifying improving market conditions.
The total amount of houses available for sale (“inventory”) is down 9% versus January of last year. At the current pace of sales, there is a 7 month supply of used homes on the market. This is better than last year, which stood at 8 months. Of course, this statistic can vary wildly amount specific locations.
The average days on market (time it takes to sell) for used homes was 152 in January, or about 5 months.
If your house has languished on the market, or if you are interested in avoiding the conventional market altogether, call us at 205-390-1050. We Buy Houses in Birmingham, Alabama and the immediate surrounding areas. If you are interested in selling your house fast, call now or click at www.WeBuyBham.com.