Market Trends has released their report on the Birmingham real estate market for the month of November 2012.
Total sales in dollar terms were up a strong 11% versus last November, while the number of homes sold was up 5% versus last year.
The total number of houses available for sale is down 16% versus last year. Market Trends reports that inventory is below 10,000, which they are glad to see.
At the current sales pace, it would take 9 months to sell all used homes on the market, versus 11 months at this time last year. In the under $100,000 market, with an average asking price of $59,256, it would take 7 months to sell the existing inventory.
The average days on market (days it takes to sell) is 148, which is a bit under 5 months.
If you have a house to sell, whether you own or inherited, we are interesting in buying it. We buy houses in the Birmingham area, and if you want to sell your house fast we would love to speak with you.