October Birmingham Market Update and Tracking The Rise of eXp Realty

Rob Drum · Posted on

October Birmingham Market Update

Key Takeaways

  • Average sale price bounced back up from September’s 3.92%.
  • More sales and less listings is a good sign for market strength.
  • Expired listings and DOM continue to trend lower YoY.

Tracking The Rise Of eXp Realty In Birmingham

We’re about one month into the eXp Realty journey. I’ve learned a lot about what we have going on and plans for the future.

We’ve set a goal of 25% of market share by 2025. That’s a huge goal. Is it realistic? AKA #25×25

I wanted to find out where we currently stand in the Birmingham market, and what the growth rate has been.

Here’s the raw data I pulled from our MLS

Key Takeaways

  • We’ll finish the 4th quarter of 2019 with about 2.5% of market share.
  • This is up over 200% YoY.
  • There was almost no activity until 2018. So eXp has made a significant push in just two years.
  • It will be cool to track this progress as we move towards 2025.

Thanks for reading! Send me an email with any questions or feedback.