Midtown Montgomery Real Estate Market Trends - Sept 2016
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.
