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Midtown Montgomery Real Estate Market Trends - June 2016

by The Hat Team

midtown montgomery real estate

FHA has recently relaxed many of its condo financing rules making it easier for condo buyers to secure loan when buying a condo. If you are in the market for a condo be sure to talk with your lender about how the new rules may help you.

Midtown Montgomery Real Estate Market Trends - June 2016

Midtown Montgomery real estate sales statistics for June 2016 show the number of homes sold increased 18.60%. The average sales price increased by 12.55%. The median sales price increased by 32.27%. Market times remained the same.

Midtown Montgomery June 2016    June 2015
Homes Sold 51 43
Average Selling Price $156,788 $139,301
Median Selling Price $94,500 $125,000
Days On The Market 153 153
Highest Selling Price $1,090,000 $770,000
Lowest Selling Price $3,000 $15,000


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.

Midtown Montgomery Real Estate Market Trends - November 2015

by The Hat Team

Now that Christmas is just a few days away, Realtor.com has ranked the HOTEST Real Estate Markets in November. The temperatures may be dropping but California real estate is hot, hot, hot scoring 12 of the top 20 spots with San Francisco as #1. The good news for the rest of the country is trends always seem to start in California and move eastward. This bodes well for our local market in 2016!

Take a look at our local market trends for November:

November 2015 Midtown Montgomery Real Estate Market Update

Midtown Montgomery real estate sales statistics for November 2015, show the number of homes sold increased 77.78% The average sales price increased by 16.83% to $127,464 for the month. The median sales price increased by 16.81% from November 2014. Market times increased by 48 days.

Midtown Montgomery  November
2015
 
 November 
2014
Homes Sold 32 18
Average Selling Price $127,464 $109,103
Median Selling Price $111,550 $95,500
Days On The Market 198 150
Highest Selling Price $470,000 $268,500
Lowest Selling Price $5,500 $11,250


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.

Midtown Montgomery Market Trends Report - June 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. 

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