Market Conditionsby Realty Times Staff
Downtown Birmingham, Alabama, is seeing strong sales -- despite national housing reports that the market may be falling.
Perhaps strong numbers are related to the city being "ranked among the top 11 "Most Livable Communities" in America, according to the nonprofit organization, Partners for Livable Communities."
The "magic city" sees an average selling price around $158,000, with a market time of 107 days.
There is a 9.76 month supply of homes on the market. "With interest rates continuing to stay under 6.5 percent, and more homes on the market to choose from, now may be a good time to buy."
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It would work depending upon the goal of the buying or selling of the house. If one was doing a house flip, 107 days would eat into potential profits. If one had bought a larger house before selling the former home , then one is paying two morgages. If one has the time and money to languish for 107 days, then the real estate market is "fine".
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