ClickCease

GET STARTED | Get Your Fair Cash Offer Today >>

  • This field is for validation purposes and should be left unchanged.
×

Birmingham Real Estate Update – March 2022

The Alabama Center for Real Estate has released their report on the Birmingham real estate 

market, with statistics updated through March of 2022. 

We cover the highlights here!

The total number of houses sold in Birmingham area residential sales for the current month totaled 1,619 units, a decrease of 3.9%  from the previous year.

The median sales price in Birmingham this month was $291,000, representing an 12.7%  increase from March’s 2021 median sales price of  $258,150. The average sales price in Birmingham during February was $333,046, a 10.3% increase from one year ago.

Days on market – the average days until a house goes under contract to sell – decreased over 4.0%  versus last year, to 24 days.  This statistics has consistently declined every month for an incredibly long time.  If your house is in great shape, shows well, and is priced correctly, this number indicates that it should sell quickly.

Total inventory (the number of houses available for sale) declined over 39.0%  when compared to last year.  Declining inventory has also been a long-standing trend that continues (inventory even declined versus last month). Based on the current pace of sales, there is a 1.4  months supply of houses on the market.If your house is priced well, shows well, and is in good shape, it should sell quickly!

If you need to sell a house quickly, or simply don’t want to fool with the hassles of dealing with listing a house on the market, call us at 205-390-1050 or fill out our simple form at www.CahabaHomebuyers.com. We Buy Houses in Birmingham and the surrounding neighborhoods. Call for a free consultation! 

Get More Info On Options To Sell Your Home...

Selling a property in today's market can be confusing. Connect with us or submit your info below and we'll help guide you through your options.

What Do You Have To Lose? Get Started Now...

We buy houses in ANY CONDITION in Greater Birmingham Alabama. There are no commissions or fees and no obligation whatsoever. Start below by giving us a bit of information about your property or call 205-390-1050...
  • This field is for validation purposes and should be left unchanged.

Leave a Reply

Your email address will not be published.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