Birmingham Real Estate Market Update for July 2014

140117060531-birmingham-al-620xbMarket Trends has released their report on the Birmingham real estate market for the month of July 2014.  We cover some of the highlights below.

Total dollar sales were up 5% versus last July, while total unit sales were also up 5% versus last July.  For used homes, total sales were up about 6%.

Total inventory (the number of houses available to sale on the market) was down by 9% versus last year.  Based on the current sales pace, there is a 8 month supply of used homes on the market.  As always, this is the overall number and these figures can vary widely by specific markets.

The average days on market (days it takes to get a contract) for used homes was 127 in July, or about 4.5 months.

The average price for all homes as been up steadily for the last year.

If your house has been lagging on the market, or if you want to sell your house without all the time, expense, and hassle of putting it on the market, call us a 205-390-1050.  We Buy Houses in Birmingham Alabama in any condition and any price range, as well as any situation (need of repairs, foreclosure, short sale, inherited, etc.).  We will buy your house as-is and can close on the date of your choice (in as little as 3 days).

Visit www.WeBuyBham.com for more information or to tell us about the house you would like to sell.

 

 

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