Birmingham Real Estate Update for October 2014

We Buy Houses in BirminghamMarket Trends has released their report on the Birmingham real estate market for the month of October 2014.  We cover the highlights here.

Total dollar sales were up 11% versus last year, while the total number of houses sold was up only 2% (indicating a slight rise in average prices).

The total amount of houses available for sale (“inventory”) was down over 13% versus this time last year.  At the current pace of sales, there is a 7 month supply of houses on the market, which is 2 months better than last year’s 9 months.

The average days on market (time it takes to get a contract on the house) for used homes was 125 in October.  This means houses take a little over 4 months on average to get a contract.

If you have a house sitting on the market, or if you have a house you need to sell that is not on the market, call us at 205-390-1050.  We Buy Houses in Birmingham Alabama.  You can sell for a fair price and close on the date of your choice.

Tell us about your house online at www.WeBuyBham.com or call us today at 205-390-1050.

 

 

 

 

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