Birmingham Real Estate Update (July)

Sell Your House in Birmingham for CashMarket Trends has released their report on the Birmingham real estate market with final statistics from the month of July 2017.  We cover the highlights here.

Sales were lower than last year in both total dollar sales (down 5%) and number of houses sold (down 8%).  The market is cooling modestly versus last year’s quick pace.

Total inventory (the number of houses available for sale) of used homes was down almost 11% versus last year.  At the current pace of sales, there is a 5 month supply of houses on the market, versus 6 months at this time last year.

The average days on market (days until a house goes under contract) for used homes was 102 days, or about 3.5 months.

Given the general robustness of sales and the continuing low inventory levels, average prices are remaining stable.

If you have a house you need to sell without the hassles of conventional selling using agents, call us at 205-390-1050 or fill out our simple form at www.WeBuyBham.com.

We buy houses in Birmingham as-is (meaning no repairs or cleanup required on your part), for a fair price, and we can close on the date of your choice (quickly or slowly).  If you need to sell your house fast, contact us today!

 

 

 

 

 

Get More Real Estate Market Info... Subscribe Below!

Learn more about us and find other resources on selling your house below. Like us, follow us, connect!

Leave a Reply

Your email address will not be published. Required fields are marked *