Birmingham Real Estate Update (Stats for May 2017)

We Buy Houses in Birmingham 205-390-1050

Market Trends has released their report on the Birmingham real estate market with final statistics for the month of May 2017.  We cover the highlights below.

Dollar sales were up 3% versus last years, while the number of houses sold was down 4% last year.  This difference indicates that prices are modestly increasing.

 

Total inventory – or the total number of houses for sale – is down over 8% versus this time last year.  Lower inventory has been an ongoing trend for some time now.  At the current pace of sales, there is a 5 month supply of houses on the market, which is less than the 6 months at this time last year.

The average days on market for used homes was 107 days, or about 3.5 months.

Overall, sales prices seem to be quite stable, but not increasing by much.  Of course, all of these statistics will vary between individual areas and neighborhoods.

Do you have a house sitting on the market and not selling?  Or do you want to avoid all of the hassles of selling on the market altogether?

If so, call us at 205-390-1050 or go to www.WeBuyBham.com and fill out our simple Sell Your House form.

We buy houses throughout the Birmingham metro area, in all price ranges and conditions.  Call or click today!

 

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