The cost of buying a Montgomery AL home is going up. What's behind the rise in interest rates? Is now still a good time to buy? Here's an interesting video explaining a little bit about why mortgage rates are rising. There's also a little bit in here about how "staying on the fence" could lead to a higher monthly payment.

Rates are still historically low and it's a great time to buy. Wondering if now is the time for your to buy a Montgomery AL home? Give us a call! We’ll help lay out your options so you can make an informed decision.

Take a look at sales figures in our local real estate market for July 2013.

Midtown Montgomery real estate sales statistics for July 2013 show the number of homes sold decreased by 6% when compared to July 2012. The average sales price increased by 9% to $137,013 for the month. The median sales prices increased by 5%, and market times decreased by 9 days from July 2012.  The highest selling home price increased by 31%, and the lowest selling home price increased by 40% from July 2012.

Midtown Montgomery July  2013 July 2012
Homes Sold 33 35
Average Selling Price $ 137,013 $ 125,325
Median Selling Price $ 107,500 $ 102,500
Days On The Market 109 118
Highest Selling Price $ 750,000 $ 517,500
Lowest Selling Price $14,980 $ 9,000

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.