Midtown Montgomery Real Estate Sales Statistics - January 2010
Home sales surged in the fourth quarter of 2009 with many areas seeing double digit gains according to the National Association of Realtors. Total existing-home sales (single-family and condo) jumped 13.9 percent above the third quarter and 27.2 percent above the fourth quarter of 2008. Distressed property sales accounted for 32 percent of the fourth quarter transactions, down from 37 percent from 2008.
Lawrence Yun , NAR chief economist, said the first-time home buyer tax credit, combined with record low interest rates, played a dominant role in fourth quarter sales. Yun went on to say, “With inventory levels trending down over the past 18 months, we expect broadly balanced housing market conditions in much of the country by late spring with more areas showing higher prices.”
Let's look at January real estate sales to see how the housing recovery is progressing in Midtown Montgomery.
Midtown Montgomery Real Estate Sales Statistics - January 2010
Midtown Montgomery real estate sales statistics for January show pending sales have increased by 21% in 2010 compared to January 2009. The average sales price increased by 25% to $104,275 while sold listings were up by 23% from 2009. Market times were 9 days less than 2009.
|
Midtown |
Pending |
Sold |
Average |
Average |
|
Jan 2010 |
43 |
31 |
85 |
$104,275 |
|
Jan 2009 |
34 |
24 |
94 |
$78,109 |
For the latest Midtown Montggomery 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.
