Real Estate Information Archive

Blog

Displaying blog entries 1-5 of 5

Midtown Montgomery Real Estate Market Trends - Sept 2016

Wednesday, October 26, 2016
by The Hat Team

mortgage rates

Freddy Mac reports that mortgage rates staying low. Here are the national averages for mortgage rates during the week ending Oct. 6:

  • 30-year fixed-rate mortgages: averaged 3.42 percent, with an average 0.5 point, unchanged from last week. A year ago, 30-year rates averaged 3.76 percent.
  • 15-year fixed-rate mortgages: averaged 2.72 percent, with an average 0.5 point, also unchanged from last week’s average. Last year at this time, 15-year rates averaged 2.99 percent.
  • 5-year hybrid adjustable-rate mortgages: averaged 2.80 percent, with an average 0.4 point, dropping slightly from last week’s 2.81 percent average. A year ago, 5-year ARMs averaged 2.88 percent.

With rates like this, is it time for you to buy a home? If so, just hit reply to get started!

Take a look at how many folks bought homes in our market last month…

Midtown Montgomery Real Estate Market Trends

Midtown Montgomery real estate sales statistics for September 2016 show the number of homes sold increased 36.6%. The average sales price increased by 14.5%. The median sales price increased by 14.4%. Market times dropped by 87 days.

Midtown Montgomery Sept 2016    Sept 2015
Homes Sold 41 30
Average Selling Price $130,667 $114,082
Median Selling Price $109,000 $99,000
Days On The Market 87 174
Highest Selling Price $469,000 $417,000
Lowest Selling Price $12,000 $15,600


For the latest Midtown Montgomery 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

Midtown Montgomery Real Estate Market Update for July 2016

Tuesday, August 16, 2016
by The Hat Team

houses

Fifty-two percent of home owners say now is a good time to sell in their neighborhood. This is up from 34 percent who said so last year, according to a survey conducted by the real estate brokerage Redfin.

What’s more, 58 percent of home owners believe sellers have more power than buyers in the market right now. Redfin researchers note this is nearly the highest level of seller confidence they’ve recorded.

Take a look at how many sellers successfully sold their homes in July…

Midtown Montgomery Real Estate Market Update

Midtown Montgomery real estate sales statistics for July 2016 show the number of homes sold increased 10.81%. The average sales price decreased by 12.62%. The median sales price decreased by 30.31%. Market times dropped by 19 days.
 
Midtown Montgomery July 2016    July 2015
Homes Sold 41 37
Average Selling Price $122,888 $140,631
Median Selling Price $89,900 $129,000
Days On The Market 118 137
Highest Selling Price $490,000 $620,000
Lowest Selling Price $7,001 $5,100


For the latest Midtown Montgomery 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 Report

Wednesday, September 26, 2007
by The Hat Team

According to the latest forecast by the National Association of Realtors®, tightening credit standards for those applying for home mortgages will likely dampen home sales in the short term and postpone an expected recovery for existing-home sales until 2008.

 

Lawrence Yun, senior NAR economist, said unusual disruptions in the mortgage market are dampening the outlook for home sales, notably for August and September.  “There’s been an unusual hit to home sales, starting in March when subprime problems emerged and more recently when problems spread to jumbo loans, with many potential home buyers on the sidelines.”  He noted, however, that “the volume of existing-home sales this year will be better than 2002, which was the second year of the housing boom.”

 

Let’s take a look at August sales statistics to see how the market looks in Midtown Montgomery.

Pending sales dropped by 40 percent this August compared to August 2006. The number of homes sold also dropped by 19 percent. Market times increased from an average of 70 days in August 2006 to 100 days this August.

On a positive note for sellers, the average sales price increased 25% from $136,721 last August to $183,279 this August.  August 2007 saw only 9 homes sell under $75,000 and only 13 sold under $100,000.  In contrast, August 2006 saw 14 sales under $75,000 and 20 total under $100,000.  Additionally, 2007 saw 9 sales over $300,000 as opposed to only 4 in 2006.  As they move up to larger, nicer homes, owner-occupants increasingly choosing Midtown over other upscale areas!

Clearly, however, the investor "fix and flip" market segment has begun to dry up - no wonder, given the amount of negative publicity in the national media! 

Midtown
Montgomery

Pending
Listings

Sold
Listings

Average
Market Times

Average
Sales Price

August 2007

40

47

100

$183,279

August 2006

60

58

70

$136,721

As these statistics show, it is still a great time to consider buying a Montgomery AL home.  To begin searching for Montgomery AL homes, please use my complimentary MLS Search, or call me at 1-800-HAT-LADY.  If you are thinking of selling your Montgomery AL home, please call me or visit MongomeryHomeInfo.com today to receive your complimentary comparative market analysis.  We can work together to get you a great deal!

 

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

Midtown Montgomery Market Trends Report - June 2007

Tuesday, July 31, 2007
by The Hat Team

"Home prices are expected to recover in 2008 with existing-home sales picking
up late this year and new-home sales rising early next year, according to the latest
forecast by the National Association of Realtors."

June statistics show the Midtown Montgomery real estate market to be softer compared to previous months.  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 June, decreased by 8 homes or 13 percent.  At the same time, the number
of pending listings decreased by 8 homes or 12 percent. 

Market times in June 2007 rose with market times of 96 days vs. 64 days in June 2006.  
The average sales price decreased $7,090 or 5 percent compared to June 2006.

Midtown
Montgomery

Pending
Listings

Sold
Listings

Average
Market Times

Average
Sales Price

June 2007

59

55

96

$146,196

June 2006

67

63

64

$153,286

This is a great time to be buying a home in Midtown or anywhere else in Montgomery! Buyers can take advantage of softer prices now with an expectation of appreciation
next year. What could be better?

If you are 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. 
Add Comment

Midtown Montgomery Home Sales Increase

Thursday, April 19, 2007
by The Hat Team
"As home sales moderate, overall home prices will be essentially flat this year," says David Lereah, chief economist for the National Association of Realtors. Tighter lending standards are expected to slow sales, but the good news is, inventory remains well below the levels seen in the real estate downturn of the early 1990's.

Our local market is not following this trend towards moderation, however. 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 March increased by 3 homes or 6 percent.  At the same time, the number of pending listings decreased by only 1 home or less than 1 percent. 

Market times in March 2007 increased slightly with market times of 102 days vs. 99 days in March 2006.  The average sales price decreased $20,520 or 12 percent compared to March 2006. This decrease offsets the 17 percent increase in prices we saw in February. 

Midtown
Montgomery

Pending
Listings

Sold
Listings

Average
Market Times

Average
Sales Price

March 2007

70

53

102

$144,910

March 2006

71

50

99

$165,430

The fluctuation in prices may be the influence of an extremely high end property selling, therefore, skewing the numbers and not necessarily a trend downward. The 3 percent increase in sales should keep prices up

Are you thinking of selling your Montgomery home? You can have a current no-obligation price valuation emailed to you by visiting MontgomeryHomeInfo.com.

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

Add Comment

Displaying blog entries 1-5 of 5

Syndication

Categories

Archives

   cdpe    crsHat Lady on Zillow