COVID-19 & The Current Birmingham Metro Real Estate Market and the likely future trends…

A typical healthy balanced market will have between a 5-9 month window of real estate inventory. What this means is that if no other home ever came on the market, all the current homes on the market would sell within 5-9 months in a healthy/balanced market.

This is an extremely competitive market and is advantageous to the seller. Sometimes, homes will sell as soon as they are listed if priced appropriately. Typically, during a hot market, multiple offers will be made on a home and more often than not, homes will sell for more than the asking price.

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