Birmingham Area Home Sales in 2009

I asked a group of Realtors who sell homes in the Birmingham and Shelby Co. area recently what their thoughts are of 2009, now that it’s ‘in the rear view mirror.’

While a few Agents reported a strong year last year, most told me they weren’t sad to see ’09 become history.

We hear conflicting information in the media a lot these days about home sales, and this can even happen when you’re looking at sales in a small, targeted area.

Here are a few statistics from the Birmingham MLS that show trends in 2009, compared to 2007 and 2008. Clearly, the local market was a difficult one for many:

Home sales in Birmingham/Shelby County area

Here’s a look at average sold prices for homes in the area:

Home sales in Birmingham/Shelby County area

And, finally, how long did it take to get a home sold? Here’s a look at that:

 Home sales in Birmingham/Shelby County area

While these numbers show a challenging market, people with a lot of years in the real estate business under their belt continue to believe that the market will undergo a gradual change, back to more balanced conditions.

No one knows exactly when that will happen, or how quickly it will occur, but most are confident it will. Some think it’s already starting.

Perhaps 2010 will be the year…

David

About David Black

Colleen and David Black love what they do, and that's helping people who want to buy or sell homes in the Birmingham and Shelby Co. area achieve their dreams...

Posted on January 10, 2010, in Real Estate and tagged , , , , , , , , , , , , , , , , , , . Bookmark the permalink. Leave a comment.

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