Birmingham area real estate hit a record high mark for days on the market in December. The average number of days reached 115 in December, which ties the record set in July of 2007. Sales were off by only 12 units from November, but still off over 19% compared to December of 2006. The number of listings dropped again for the 4th consecutive month to 12,642 units. I would classify these numbers as "stable". The number of days of market last month was 112, and the Birmingham market hasn't seen this number under 100 days in over 2 years. January is a historically low month for sales for the past several years, so next month's numbers could give us some clues as to the direction of the market.
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