Market Trends has released their report on the Birmingham Real Estate Market for the month of November 2015. We hit the highlights below.
Total dollar sales were just slightly below November of last year (down about 0.5%). The 12 month moving average for the past year has flattened.
Meanwhile, the total number of houses sold was 7% below November of last year. The number of used houses sold, specifically, was down 6% versus last year.
Total inventory – the total number of houses available for sale on the market – is slightly lower than November 2014.
At the current sales pace, there is a 7 month supply of used houses on the market. This can vary considerably depending on specific area (like most real estate statistics).
The average days on market (days it takes to get an offer under contract) is 121 days, or about 4 months.
If you have a house in Birmingham, Alabama (and the surrounding metro area) that is on the market and not selling, call us at 205-390-1050 or go to www.WeBuyBham.com.
We buy houses in Birmingham, Alabama for cash and in any condition or situation. If you want to sell your house fast, please contact us immediately for a free consultation.