Midtown Montgomery Real Estate Market Trends - May 2013
We've heard much about investors playing a role in the housing recovery, but they aren't the only major players. According to results from the Campbell/Inside Mortgage Finance HousingPulse Tracking Survey for March, first-time homebuyers and current homeowners are also building a strong presence as they dominate the non-distressed market. Investors accounted for 13.3 percent of the market share for non-distressed properties, while current homeowners represented 50 percent of the market. First-time homebuyers also made up a significant portion at 36.8 percent. Read the entire article here.
Increased home sales result in higher prices. Are you an investor or a current home owner thinking about buying this spring? Now couldn't be a better time to buy...before prices increase and interest rates remain low. Contact me and together we can get the ball rolling.
Take a look at sales figures in our local real estate market for April 2013.
Midtown Montgomery real estate sales statistics for April 2013 show the number of homes sold increased by 3% when compared to April 2012. The average sales price decreased by 31% to $101,239 for the month. The median sales prices decreased by 11%, and market times increased by 15 days. The highest selling home price decreased by 63%, and the lowest selling home price increased by 37% from April 2012.
As is often the case in an area like Midtown where prices vary widely, a single $600,000 sale skewed the April 2012 average selling price to an unrealistic high. Last month's average is far more representative of reality.
| Midtown Montgomery | April 2013 | April 2012 |
| Homes Sold | 32 | 31 |
| Average Selling Price | $ 101,239 | $ 147,652 |
| Median Selling Price | $ 89,000 | $ 100,000 |
| Days On The Market | 145 | 130 |
| Highest Selling Price | $ 222,000 | $ 600,000 |
| Lowest Selling Price | $9,500 | $6,000 |
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.
