Midtown Montgomery Real Estate Market Trends - December 2013
Yes, it’s true…real estate activity slackens during the holidays but here are some things to consider about housing hunting during the holidays…
- Lower seasonal prices are likely before the anticipated increases in 2014. Many homes on the market during the holidays are being offered because the sellers are being transferred. January is a high workplace transfer month. Transferees are trying to sell their homes during the holidays because they feel they have to.
- Less competition among buyers is common because many are concentrating on holiday activities. If they don’t have to move for some reason they tend to wait until after the year-end holidays. That means fewer competing offers and less likelihood of bidding wars.
- Seller anxiety begins to set in during the holidays. That means potentially better deals can be had. Sellers who need to move get more willing to bargain during the holidays because there is less demand from buyers.
- Less competition from other buyers means you can do your house hunting being a little more relaxed about the potential of losing a house that you really are interested in.
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Take a look at sales figures in our local real estate market for November 2013.
Midtown Montgomery real estate sales statistics for November 2013 show the number of homes sold decreased by 8% when compared to November 2012. The average sales price decreased by 14% to $ 110,475 for the month. The median sales prices increased by 21%, and market times increased by 9 days from November 2012. The highest selling home price decreased by 56%, and the lowest selling home price increased by 67% from November 2012.
| Midtown Montgomery | November 2013 | November 2012 |
| Homes Sold | 22 | 24 |
| Average Selling Price | $ 110,475 | $ 129,001 |
| Median Selling Price | $ 113,750 | $ 89,900 |
| Days On The Market | 144 | 135 |
| Highest Selling Price | $ 255,000 | $ 575,000 |
| Lowest Selling Price | $ 9,110 | $ 3,000 |
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.
