Birmingham Million Dollar Home Market – A Bigger Picture

Some time ago we used to do a regular snapshot of the luxury Birmingham Real Estate market. Recently, we were reminded of that and were asked how the million dollar home market is doing, and by million dollar home market, we are referring to the Birmingham luxury home market of all properties listed at $1,000,000+

Currently there are 188 Active Birmingham Million Dollar Homes for Sale with an Average Price of $1,684,383. The Median Price is $1,385,000 with 192 Average Days on Market.

So, in light of the current market how have things been going? Peole continue to compare this year to last year and talk about the enormous drops in sales numbers, so we decided to give a bigger picture and compare the same time frame, January – September, for the past 4 years.

We saw an interesting trend. See for yourself in the chart below. Sales have dropped since last year, and there is no denying that, but numbers are in line with 2005 and 2006. (You can click on the picture and see an enlarged view of the chart.)

*Note these Birmingham AL Real Estate stats are accurate as of 12/08 according to the Birmingham MLS. They are subject to change as Birmingham Alabama Real Estate agents submit listed and sold properties into the Birmingham MLS.

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Whether you are buying or selling Birmingham AL homes | Hoover homes | Vestavia homes | Mountain Brook Homes | Pelham Homes |Helena Homes | Trussville Homes |Homewood Homes – we can help!

Call me today at – 205-383-3358.

Stephen Wolfe - Birmingham Alabama Realtor