Upturn In Sales Predicted
"Home sales are projected to move in a relatively narrow range with a gradual
upturn becoming more pronounced by the end of the year according to the latest
forecast by the National Association of Realtors. Overall housing levels are
historically strong, but sales remain sluggish compared to the recent boom."
However, May statistics show the Midtown Montgomery real estate market
to be holding its own, but with soft prices. The number of single family homes
in Midtown Montgomery (Midtown consists of neighborhoods south of I-85 between
Exits 1 and 6) that sold in May, increased by 1 home or 2 percent. At the same
time, the number of pending listings decreased by only 20 homes or 20 percent.
May 2006. The average sales price decreased $7,665 or 5 percent compared
to May 2006.
|
Midtown |
Pending |
Sold |
Average |
Average |
|
May 2007 |
79 |
66 |
127 |
$148,076 |
|
May 2006 |
99 |
65 |
106 |
$155,741 |
The slight moderation of prices is good news for buyers, making this a great time
to buy or sell real estate in Midtown Montgomery! Buyers do need to keep in mind
buying a home is a long-term investment, which will build a nest egg over time.
Are you thinking of buying a home in Montgomery? You can have new listings
e-mailed to you as they hit the market by visiting
EmailMontgomeryAlabamaHomes.com
Information is provided by the Montgomery Area Association of Realtors and is deemed accurate
but not guaranteed.
