Birmingham Real Estate Market Update

We Buy Houses in Birmingham Alabama
We Buy Houses in Birmingham Alabama.  Call us at 205-390-1050 or fill out the simple form at WeBuyBham.com.

Market Trends has released their report on the Birmingham Real Estate Market for the month of October 2015.  We cover the highlights below.

Overall dollar sales were down 3% versus last year, an the moving average has flattened.  The total number of houses sold was also down about 3% versus last year (however, the number of used house sales actually increased a bit under 1%).

The number of houses available for sale, or inventory, is about even with last year.  At the current sales pace, there is about a 7 month supply of used houses on the market, which is about even with last year’s 8 months at this time.

The average days on market for used houses was 125 in October, or a bit under 4 months.  (Remember, Days on Market is the days to get a house under contract — you then add to that a typical 30-60 days for the closing period.)

The average sales price of used homes has increased steadily for the past year.

Do you have a house sitting on the market that you need to sell?  Call us at 205-390-1050 or fill out the simple form at www.WeBuyBham.com.  We buy houses in Birmingham, Alabama, in all areas, conditions, situations, and price ranges.

We can close quickly with cash, allowing you to avoid the hassles and time of traditional house selling.

 

 

 

 

 

 

 

 

 

 

 

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