Birmingham Real Estate Update for January 2012

Alabama Real Estate Market Trends has released their report on Birmingham real estate for the month of January 2012.

Home sales were up almost 8% versus January of 2011.  That is also 10% higher than January 2010, although the increase was less than expected.

The average Days on Market (time it takes to sell) for used homes was 143, or a bit less than5  months.  This indicates that well-priced houses are selling in less than 6 months.  However, the high amount of houses for sale (“inventory”) indicates that sellers (including banks) are still holding out for higher prices.

Thank you for reading this month’s market update.

Remember — if you are in need of a solution to your real estate problem, please call us NOW at 205-390-1050.  We buy houses in any area of Birmingham, any condition, and any price range.  We Buy Houses AS-IS, for a fair price, on the date of your choice.  Please call now at 205-390-1050 or visit us at www.WeBuyBham.com.

 

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