A home in Birmingham sold for 140% over asking price in July. This real estate market is on fire! The main reason is that inventory is so low. Now is the perfect time to take advantage of the competition. With conditions like these, we highly discourage selling your home off-market as you may be leaving money on the table (and lots of it). So don’t be a secret seller - let us help you showcase your home and maximize your profits.
In recent years, a mere 5% of homes were listed in Mountain Brook, Homewood and Vestavia. There are fewer homes listed now than five years ago. Talk about a limited supply! The demand for residential real-estate is through the roof in Birmingham, and inventory is at an all-time low. So, if you’re thinking: “Bring me an offer,” then stop waiting. Now is the time! Act fast to get the most return on your investment.
How long will this last? It’s hard to predict. As you can see from the information below, median days on market range as low as 2 days. Homes are selling 100-104% of listing price. In 2022, Homewood inventory was 36% lower than 2019. Rates have gone up, inventory has gone down, and prices are through the roof.
What are you waiting for? There is never a bad time to make moves in real estate. Call or text me today at 205-612-9432. I’ll get you the results you’re looking for!