Real Estate Information Archive

Blog

Displaying blog entries 11-20 of 34

Montgomery AL Real Estate Sales Statistics - May 2010

Thursday, June 17, 2010
by The Hat Team

Pending home sales have risen for three consecutive months, reflecting the broad impact of the home buyer tax credit and favorable housing affordability conditions, according to the National Association of Realtors®.

The Pending Home Sales Index rose 6.0 percent to 110.9 based on sales contracts signed in April. This figure is up from 104.6 in March, and is 22.4 percent higher than April 2009 when it was 90.6 and reflects increases of 7.1 percent in March and 8.3 percent in February.

Pending home sales are at the highest level since last October when the index reached 112.4 and first-time buyers were rushing to beat the initial deadline for the tax credit. The data reflects sales contracts and not closings, which usually occur with a lag time of one or two months.

Let's look at May real estate sales to see how the Montgomery AL real estate market is faring.

Montgomery AL Real Estate Sales Statistics - May 2010

Montgomery AL real estate sales statistics for May show pending sales have increased by 2% in 2010 compared to May 2009. The average sales price increased by 21% to $142,430 while sold listings were up by 21% from 2009.  Market times were 2 days less than 2009.

Midtown
Montgomery

Pending
Sales

Sold
Listings

Average
Market Times

Average
Sales Price

May 2010

43

42

85

$142,430

May 2009

42

33

87

$112,384

For the latest Montgomery AL real estate market conditions in your area, please call me at 800-HAT-LADY or visit HomesForSaleInMontgomeryAlabama.com.

Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed.

Add Comment

Montgomery AL Real Estate Sales Statistics - April 2010

Wednesday, May 19, 2010
by The Hat Team

Two top housing economists forecast some encouraging but tempered predictions for the housing market over the next few years during an economic session at the National Association of Realtors® Midyear Legislative Meetings & Expo today.

Top housing economists, Lawrence Yun, NAR chief economist, and Mark Zandi, chief economist and co-founder of Moody’s Economy.com, forecast some encouraging but tempered predictions for the housing market over the next few years. Both agree that job creation is key to an economic and housing recovery, with an improvement in job creation as 2010 progresses. However, they differed somewhat on the impact that foreclosures will have on home price stabilization. Yun expects a slightly stronger demand for housing and a fairly even level of foreclosures. Zandi forecasts an improving demand for housing with foreclosures rising later in 2010 before easing in 2011. Both economists project mortgage interest rates will remain historically low, the availability of jumbo loans will improve and home sales will rise over the next few years.

Let's look at April real estate sales to see how the Montgomery AL real estate market is faring.

Montgomery AL real estate sales statistics for April show pending sales have increased by 8% in 2010 compared to April 2009. The average sales price increased by 9% to $136,662 while sold listings were up by 8% from 2009.  Market times were 27 days more than 2009.

Midtown
Montgomery

Pending
Sales

Sold
Listings

Average
Market Times

Average
Sales Price

Apr 2010

64

37

116

$136,662

Apr 2009

59

34

89

$125,026

For the latest Montgomery AL real estate market conditions in your area, please call me at 800-HAT-LADY or visit HomesForSaleInMontgomeryAlabama.com.

Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed.

Add Comment

Montgomery Real Estate Sales Statistics - March 2010

Saturday, April 24, 2010
by The Hat Team

Pending home sales rose sharply in February, potentially signaling a second surge of home sales in response to the home buyer tax credit, according to the National Association of Realtors®. Contracts signed in February, rose 8.2 percent above February 2009. The data reflects contracts and not closings, which usually occur with a lag time of one or two months.

Lawrence Yun, NAR chief economist, said the improvement is another hopeful sign. “The rise in pending sales may signal the early stages of a second surge of home sales this spring. The healthy gain hints home prices are continuing to flatten. We need a second surge to reduce inventory and stabilize home values.”

Let's look at March real estate sales to see how the Montgomery AL real estate market is faring.

Montgomery AL real estate sales statistics for March show pending sales have decreased by 11% in 2010 compared to March 2009. The average sales price increased by 14% to $149;265 while sold listings were up by 19% from 2009.  Market times were 68 days more than 2009.

Midtown
Montgomery

Pending
Sales

Sold
Listings

Average
Market Times

Average
Sales Price

Mar 2010

51

37

163

$149,265

Mar 2009

57

30

95

$129,037

For the latest Montgomery AL real estate market conditions in your area, please call me at 800-HAT-LADY or visit HomesForSaleInMontgomeryAlabama.com.

Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed.

Add Comment

Montgomery AL Real Estate Market Trends - Feb 2010

Thursday, March 25, 2010
by The Hat Team

Owning a home is its own reward, but home ownership can also bring rewards at tax time. This year is especially beneficial for people who are in the market to buy a home, thanks to the $8,000 first-time buyer credit and the $6,500 tax credit for repeat buyers.

Current homeowners can benefit, as well. Tax credits are available for owners who improve the energy efficiency of their home, including replacing exterior windows, skylights and doors and installing efficient heating and air conditioning systems. Certain home improvements may qualify for as much as 30 percent of the project cost, up to $1,500.

Homeowners also enjoy a mortgage interest deduction; allowing them to deduct all the interest paid on up to $1 million in mortgage debt. If you bought a home in the past year, be sure to provide a copy of your HUD-1 statement to your tax preparer. The interest you paid at closing is not reflected in your year-end mortgage statement. Points and other closing costs may also be tax deductible.

Many housing markets were affected by an extremely harsh weather in February. Take a look at what February looked like in our Montgomery AL real estate market:

Montgomery AL real estate sales statistics for February show pending sales have remained consistent in 2010 compared to February 2009. The average sales price decreased by 38% to $118,700 while sold listings were up by 32% from 2009.  Market times were 17 days less than 2009.

Midtown
Montgomery

Pending
Sales

Sold
Listings

Average
Market Times

Average
Sales Price

Feb 2010

34

31

93

$118,700

Feb 2009

34

21

110

$190,729

To take advantage of these tax benefits and for the latest Montgomery AL real estate market conditions in your area, please call me at 800-HAT-LADY or visit HomesForSaleInMontgomeryAlabama.com.

Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed.

Add Comment

Montgomery AL Real Estate Sales Statistics - December 2009

Thursday, January 28, 2010
by The Hat Team

According to the National Association of Realtors®, pending home sales nationally are comfortably above year-ago levels, although the Pending Home Sales Index, a forward-looking indicator based on contracts signed in November, fell from October levels. Lawrence Yun, NAR chief economist, said a drop was expected. “It will be at least early spring before we see notable gains in sales activity as home buyers respond to the recently extended and expanded tax credit,” he said. "We expect another surge in the spring as more home buyers take advantage of affordable housing conditions before the tax credit expires.”

Let's look at December real estate sales to see how the housing recovery is progressing in Montgomery AL. 

Montgomery AL Real Estate Sales Statistics - December 2009

Montgomery AL real estate sales statistics for December show pending sales have increased by 5% in 2009 compared to December 2008. The average sales price increased by 32% to $140,690 while sold listings were up by 7% from 2008.  Market times were 58 days more than 2008.

Midtown
Montgomery

Pending
Sales

Sold
Listings

Average
Market Times

Average
Sales Price

Dec 2009 

37

30

123

$140,690

Dec 2008

35

28

65

$95,446

For the latest Montgomery AL real estate market conditions in your area, please call me at 800-HAT-LADY or visit HomesForSaleInMontgomeryAlabama.com.

Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed.  

Add Comment

Montgomery AL Real Estate Sales Statistics - Nov 2009

Friday, December 18, 2009
by The Hat Team

Pending home sales have risen for nine months in a row, a first for the series of the index since its inception in 2001, according to the National Association of Realtors®.  

The Pending Home Sales Index, a forward-looking indicator based on contracts signed in October, increased 3.7 percent to 114.1 from 110.0 in September, and is 31.8 percent above October 2008 when it was 86.6. The rise from a year ago is the biggest annual increase ever recorded for the index, which is at the highest level since March 2006 when it was 115.2.  

Lawrence Yun, NAR chief economist, said home sales are experiencing a pendulum swing. “Keep in mind that housing had been underperforming over most of the past year. Based on the demographics of our growing population, existing-home sales should be in the range of 5.5 million to 6.0 million annually, but we were well below the 5-million mark before the home buyer tax credit stimulus,” he said. “This means the tax credit is helping unleash a pent-up demand from a large pool of financially qualified renters, much more than borrowing sales from the future.  

Let's look at November Montgomery AL real estate sales statistics to see how the housing recovery is progressing locally.  

Montgomery AL real estate sales statistics for November show pending sales have decreased by 2% in 2009 compared to November 2008. The average sales price increased by 17% to $152,392 while sold listings were up by 4% from 2008.  Market times were 28 days more than 2008.

Midtown
Montgomery

Pending
Sales

Sold
Listings

Average
Market Times

Average
Sales Price 

Nov 2009

39

25

129

$152,392

Nov 2008

40

21

71

$126,000

For the latest Montgomery AL real estate market conditions in your area, please call me at 800-HAT-LADY or visit HomesForSaleInMontgomeryAlabama.com.

Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed. 

Add Comment

Montgomery AL Real Estate Sales Statistics - October 2009

Friday, November 20, 2009
by The Hat Team

Congress has voted to extend the current higher Fannie Mae, Freddie Mac and FHA loan limits through 2010. The present loan limits would expire at the end of 2009 and revert to previous lower limits. The higher limits, along with the home buyer tax credit extension, are necessary to keep the markets moving at this critical time," said National Association of Realtors President Charles McMillan.

"Home sales have shown significant movement upwards in the past six months and reduced inventory in some segments of the housing market, but not in all. Home purchases in the middle-income and higher brackets have not moved much, and those markets must improve before we can experience a fully sustained housing recovery. These higher loan limits will help motivate qualified home buyers to purchase in those markets," McMillan said.

Let's look at October real estate sales to see how the housing recovery is progressing in Montgomery AL.

Montgomery AL real estate sales statistics for October show pending sales have increased by 2% in 2009 compared to October 2008. The average sales price decreased by only 1% to $130,053 while sold listings were up by 6% from 2008.  Market times were 22 days less than 2008..

 

Midtown
Montgomery

Pending
Sales

Sold
Listings

Average
Market Times

Average
Sales Price

Oct 2009

38

33

93

$130,053

Oct 2008

37

31

115

$130,844

For the latest Montgomery AL real estate market conditions in your area, please call me at 800-HAT-LADY or visit HomesForSaleInMontgomeryAlabama.com.

 

Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed. 

Add Comment

Montgomery Real Estate Sales Statistics - September 2009

Thursday, October 29, 2009
by The Hat Team

Pending home sales have increased for seven straight months, the longest in the series of the index which began in 2001, according to the National Association of Realtors®.

The Pending Home Sales Index, a forward-looking indicator based on contracts signed in August, rose 6.4 percent to 103.8 from a reading of 97.6 in July, and is 12.4 percent above August 2008 when it was 92.4. The index is at the highest level since March 2007 when it was 104.5.

Lawrence Yun, NAR chief economist, said not all contracts are turning into closed sales within an expected timeframe. "The rise in pending home sales shows buyers are returning to the market and signing contracts, but deals are not necessarily closing because of long delays related to short sales, and issues regarding complex new appraisal rules," he said. "No doubt many first-time buyers are rushing to beat the deadline for the $8,000 tax credit, which expires at the end of next month."

Let’s take a look at the September sales statistics to see how the Montgomery AL real estate market looks: 

Montgomery AL real estate sales statistics for September show pending sales decreased by 30% in 2009 compared to September 2008. The average sales price decreased by 39% to $89,614 while sold listings were down 8% from 2008.  Market times remainded consistent with 2008. 

It is important to note that 15 of the closed sales were foreclosures at an average price of $33,853.  With these 15 sales removed from the total, September 2009's average sales price was $148,394, a slight increase over 2008.

Midtown
Montgomery

Pending
Sales

Sold
Listings

Average
Market Times

Average
Sales Price

Sept 2009

35

34

84

$89,614

Sept 2008

50

37

84

$147,114

Investors are snapping up foreclosures because they believe that prices have hit bottom and they are eager to build their portfolios before the anticipated recovery.

Remember, there are only a few weeks left to benefit from the $8000 first-time home buyer tax credit. Give us a call to make your dream home a reality!For the latest Montgomery AL real estate market conditions in your area, please call me at 800-HAT-LADY or visit

HomesForSaleInMontgomeryAlabama.com.

Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed. 

Add Comment

Montgomery Real Estate Sales Statistics - August 2009

Saturday, September 19, 2009
by The Hat Team

Contract activity for pending home sales has risen for six straight months, a pattern not seen in the history of the index since it began in 2001, according to the National Association of Realtors®.

The Pending Home Sales Index, a forward-looking indicator based on contracts signed in July, increased 3.2 percent to 97.6 from a reading of 94.6 in June, and is 12.0 percent higher than July 2008 when it was 87.1.  The index is at the highest level since June 2007 when it was 100.7.

Lawrence Yun, NAR chief economist, said the housing market momentum has clearly turned for the better.  "The recovery is broad-based across many parts of the country.  Housing affordability has been at record highs this year with the added stimulus of a first-time buyer tax credit," he said. "Other buyers are taking advantage of low home values before prices turn higher.  Nationally, the typical mortgage payment now takes less than 25 percent of a middle-income family's monthly income to buy a median priced home, with payment percentages so far in 2009 being the lowest on record dating back to 1970.  As long as home buyers stay within their budget, mortgage payments will be very manageable," Yun said.

Let's take a look at the August sales statistics to see how the Montgomery AL real estate market looks: 

Montgomery AL real estate sales statistics for August show pending sales increased by 41% in 2009 compared to August 2008. The average sales price decreased by 16% to $136,850 while sold listings were up 14% from 2008.  Market times showed a decrease of 2 days or 2% from 2008. 

Midtown
Montgomery

Pending
Sales

Sold
Listings

Average
Market Times

Average
Sales Price

Aug 2009

64

42

108

$136,850

Aug 2008

38

36

110

$162,606

Remember, the clock is ticking on the $8000 first-time home buyer tax credit. Give us a call to make your dream home a reality!

For the latest Montgomery AL real estate market conditions in your area, please call me at 800-HAT-LADY or visit HomesForSaleInMontgomeryAlabama.com.

Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed. 

Add Comment

Montgomery Real Estate Sales Statistics - July 2009

Thursday, August 20, 2009
by The Hat Team

Pending home sales are up for the fifth consecutive month, the first time in six years for such a streak, according to the National Association of Realtors®.

The Pending Home Sales Index, a forward-looking indicator based on contracts signed in June, rose 3.6 percent to 94.6 from an upwardly revised reading of 91.3 in May, and is 6.7 percent above June 2008 when it was 88.7.  The last time there were five consecutive monthly gains was in July 2003.

Lawrence Yun, NAR chief economist, said a combination of positive market factors is fueling the gains.  "Historically low mortgage interest rates, affordable home prices and large selection are encouraging buyers who've been on the sidelines.  Activity has been consistently much stronger for lower priced homes," he said.  "Because it may take as long as two months to close on a home after signing a contract, first-time buyers must act fairly soon to take advantage of the $8,000 tax credit because they must close on the sale by November 30."

Let’s take a look at the July sales statistics to see how the Montgomery AL real estate market looks: 

Montgomery AL real estate sales statistics for July show pending sales decreased by 33% in 2009 compared to July 2008. The average sales price decreased by 10% to $131,554 while sold listings were down 42% from 2008.  Market times showed a increase of 1 days or 1% from 2008.

 

Midtown
Montgomery

Pending
Sales

Sold
Listings

Average
Market Times

Average
Sales Price

July 2009

40

28

89

$131,554

July 2008

60

48

88

$146,520

 

Remember, the clock is ticking on the $8000 first-time home buyer tax credit. Give us a call to make your dream home a reality!

For the latest Montgomery AL real estate market conditions in your area, please call me at 800-HAT-LADY or visit

HomesForSaleInMontgomeryAlabama.com.

Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed. 

Add Comment

Displaying blog entries 11-20 of 34

Syndication

Categories

Archives

   cdpe    crsHat Lady on Zillow