Birmingham Real Estate Update for August 2015

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 Alabama real estate market for the month of August 2015.  We review the highlights here.

Total dollar sales were 5% below August of 2014.  The 12-month moving average (past 12 months) for total dollar sales has flattened.

Meanwhile, the total number of houses sold was 4% lower than August 2014.  The number of used houses sold decreased 6% versus last year.

Total inventory – the total number of houses available for sale – was about even with this time last year.

Based on the current sales pace, there is a 8 month supply of houses on the market.  Note that this statistic can vary a lot depending on your specific area.

The average days on market for used houses (days until you get a contract) was 113 in August.  This indicates that the average house takes a little under 4 months to get a contract on it.  This number can be much higher depending on how you price the house, and the level of repairs that area required, etc.

If you have a house on the market that isn’t seller – or you simply don’t want to deal with the hassles of selling a house the conventional way – give us a call at 205-390-1050 or fill out our simple form at www.WeBuyBham.com.

We buy houses in Birmingham in any area, any condition, and any price range.  For a fast, fair, all-cash offer, call or click today!

 

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