Birmingham Real Estate Update for October 2012

Market Trends has released their report on the Birmingham real estate market for the month of October 2012.

Total dollar sales increased 19% versus last year, while the number of houses increased only 2% versus last year.

Total inventory (houses available for sale) is 15% lower than October of last year.  At the current sales pace, it would take 9 months for all the houses to sell (versus 12 months at this time last year).

The average days on market (time it takes to sell) for used homes is still right around 5 months, so as long as your house is priced right it should move in less than 6 months.  Be sure to drop the price if it is not selling!  If you are unable to drop the price due to having too much debt on the house, you can call us at 205-390-1050 to discuss our solutions for you.

If you want to sell your house fast, call us at 205-390-1050.  We buy houses in the Birmingham area and have solutions to many types of problems.

 

 

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