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Birmingham is passing through a growing moment in foreclosure market. Nowadays, we have 215 foreclosures available in the city. And compared to last month things got easier for those who want to invest, with more foreclosures in the market and more chances of deals. Birmingham started September with 170 foreclosures available. October registered a fall to 121 homes, or -28.82%. The city had another down in November: -11.57%, leaving 107 properties in the market. Things got better in December with a increase to 115 homes in foreclosure available (7.48%). Opportunities kept abundant for buyers last month, with another rise, when Birmingham registered 124 foreclosures, a 7.83% increase comparing to December.
As for the cost, Birmingham has a small difference in prices comparing to all US. Nowadays, investors can buy foreclosure homes in Birmingham for $128,927, a value 24.50% below the US average price ($170,764), and a 16.09% decrease compared to the prices of January in the city.