Birmingham Real Estate Market Update (July 2016 Stats)

We Buy Houses in Birmingham Alabama - Sell Your House Fast!
We Buy Houses in Birmingham Alabama – Sell Your House Fast!

Market Trends has released their monthly report on the Birmingham real estate market, with final statistics for the month of July 2016.  We cover the highlights here.

Inventories (the number of houses available for sale) continue to be down, and prices seem to be increasing over the past several months.  The total number of houses sold actually decreased versus last July by about 9%.

Total inventory is slightly higher than last month, but it is down 9% versus this time last year.  At the current pace of sales for used houses, there is a 7 month supply of houses on the market, versus 8 months at this time last year.  (This can vary considerably depending on your specific area).

The average days on market (days until a house gets a contract on it) was 113 for used homes in July, or a bit less than 4 months.  The average sales price for used homes was $202,000.

If you have a house that is not selling, or if you don’t want to deal with the hassles of listing it on the market, call us at 205-390-1050 or fill out our simple form at www.WeBuyBham.com.  We buy houses in the Birmingham area, and if you want to sell your house fast we are interested in making you an offer.  We can close on the date of your choice, will buy as-is (no repairs required), with no commissions, and at a fair price.  Call or click today!

 

 

 

 

 

 

 

 

 

 

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