Birmingham Real Estate Market Update (June 2017 Stats)

Sell House for Fast Cash
We Buy Houses in Birmingham 205-390-1050

Market Trends has released their report on the Birmingham real estate market with final statistics for the month of June 2017.  We cover the highlights here.

Sales for June were lower both in number of houses sold (4%) and total dollar sales (5%), compared to last year.

Total inventory (houses available for sale) was down 7% versus last year.  Lowering inventory has been a recurring trend for some time now.  The low inventory of houses available for sale suggests that it is a good environment for builders.

At the current sales pace of homes, there is a 6 month supply of houses on the market.  This is even with last year.  (This statistic, much like all real estate statistics, can vary considerably depending on the specific area or neighborhood).

The average days on market for used homes (the days it takes to get a signed contract) was 99 days in June, or about 3 1/2 months.  The DOM for used houses has been steadily decreasing.

Do you have a house languishing on the market?  Or do you not want to deal with the hassles, time, and cost involved in selling your house the “conventional” way?

We buy houses in Birmingham, in all areas, all price ranges, and all conditions.  Call or text us at 205-390-1050, or fill out our simple sell your Birmingham house form at www.WeBuyBham.com.  We can close on the date of your choice.  Call today!

 

 

 

 

 

 

Get More Real Estate Market Info... Subscribe Below!

Learn more about us and find other resources on selling your house below. Like us, follow us, connect!

Leave a Reply

Your email address will not be published. Required fields are marked *