Birmingham Real Estate Market Update

We Buy Houses in Birmingham. Call 205-390-1050 to sell your house fast!
We Buy Houses in Birmingham. Call 205-390-1050 to sell your house fast!

Market Trends has released their report on the Birmingham Real Estate Market with final statistics for the month of September 2016.  We cover the highlights here.

Total dollar sales were up 8% versus this time last year, while unit sales (the number of houses sold) were down 2% versus last year.  (within that total, the number of used houses sold was down by almost 6% versus last year).  The increase in dollar sales and reduction in unit sales indicates a rising of average prices).

Total inventory (the number of houses available for sale) in September was down almost 10% versus last year.  At the current pace of sales, there is a 6 month supply of used houses on the market, which is less than the 7 months at this time last year.  (This can vary widely depending on your specific neighborhood or area and price range, as with all real estate statistics).

The average days on market (days it takes to get a contract signed on a house) for used houses was 109 in September, or about 3.5 months.   The average sales price for used homes was $215,000.  Generally speaking, the market appears to be healthy.

If you have a house that is sitting on the market and not selling — or if you do not want to deal with the time, costs, and hassles of listing and selling a house conventionally — give us a call at 205-390-1050 or logon to www.WeBuyBham.com.

We buy houses in the Birmingham Alabama area, and if you would like to sell your house fast for a fair price, we are interested in speaking with you about it.

 

 

 

 

 

 

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