Birmingham Real Estate Market Update for May 2014

Birmingham Skyline 2Market Trends has released their report on the Birmingham real estate market for the month of May 2014.  We cover the highlights here.

Total dollar sales in May were down 8% versus last year, with recent trends being flat.  This indicates that we are currently experiencing “uncertain” market conditions.

The number of houses sold was down 9% versus May of 2013.

The total amount of  houses available on the market is down 9% versus May of last year.    At the current sales pace, there is currently 8 months of supply of used houses on the market, which is 1 month less than last year.

The average days on market (days it takes to sell) a used house was 4.4 months in May.

If you have a house sitting on the market, and are interested in a way to sell it quickly without hassle, call us at 205-390-1050 or log on to www.WeBuyBham.com.

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