Birmingham Real Estate Market Update (October 2017)

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The Alabama Center for Real Estate has released their report on the Birmingham real estate market for the month of October 2017.  We cover the highlights here.

The total number of houses sold in October decreased versus last year by about 6%.  The median (middle) sales price was up 10% versus this time last year.  The median sales price for the month was $198,000.

The average days on market (days until a house is under contract) for October was 62 days, which was a slight decline from 65 days last year.

Meanwhile, the total inventory (number of houses available for sale on the market), was down by over 10% from October 2016.

At the current pace of sales, there is a 5.7 month supply of houses on the market, down from 6.0 months last year.

Do you have a house sitting on the market that is not selling?  Or do you want to avoid the hassles and costs of fixing up a house and listing it?

If so, calls us at 205-390-1050 or fill out our simple form at www.WeBuyBham.com.

We buy houses in the Birmingham, Alabama area.  If you want to sell your house, we may have a solution for you.  We buy as-is, can close on the date of your choice, and there are no commissions or closing costs.

 

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