Market Trends has released their monthly report on the Birmingham real estate market for the month of November 2013.
Total dollar sales were up slightly, by 1%, versus last November. At the same time, unit sales (the number of houses sold) was down 6% from last year (note this will increase a bit as late sales are reported).
The total amount of houses available for sale (“inventory”) was down 8% versus last year at this time. There is currently an 8 month supply of houses on the market, which is better than last year at 9 months.
The average days on market for used homes (days it takes the house to sell) was 135 in November, which indicates that if your house is well-priced it should sell in about 4 months.
If you are dealing with trying to sell a house that just isn’t moving, call us 24/7 at 205-390-1050 or visit our website at www.WeBuyBham.com to learn how to sell your house fast. You may also download a FREE copy of a special report entitled “How To Sell Your House for Top Dollar Fast” at www.SellHouseReport.com.