Midtown Montgomery Real Estate Trends - August 2011
A number of research studies have shown that home ownership provides social and societal benefits. Not only is home ownership one of the best ways to build long-term wealth, providing resources for a more comfortable retirement, but it also fosters an immeasurable sense of community and stability vital to growing families.
NAR’s "Social Benefits of Homeownership and Stable Housing" report reveals that home owners are happier and healthier. They tend to vote more, volunteer more and contribute more to their neighborhoods. Home owners do not move as frequently as renters, which encourages more neighborhood stability, and children of home owners are more likely to participate in organized activities and spend less time in front of the television.
Now take a look at how the Midtown Montgomery real estate market performed in August.
Midtown Montgomery real estate sales statistics for August show the average sales price decreased by 13% to $112,293 when compared to August 2010. The number of homes sold was consistent with August 2010. The median sales prices decreased by 16%, and market times increased 11% or 13 days. The highest selling home price increased by 18%, and the lowest selling home price decreased by 19%.
| Midtown Montgomery | August 2011 | August 2010 |
| Homes Sold | 29 | 29 |
| Average Selling Price | $ 112,293 | $ 129,283 |
| Median Selling Price | $ 94,000 | $ 112,500 |
| Days On The Market | 122 | 109 |
| Highest Selling Price | $ 465,000 | $ 380,000 |
| Lowest Selling Price | $ 12,000 | $ 14,900 |
For the latest Midtown Montgomery real estate market conditions in your area, please call me at 800-HAT-LADY or visit HomesForSaleInMontgomeryAlabama.com.
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Sandra Nickel and the Hat Team have distinguished themselves as leaders in the Montgomery AL real estate market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com.
You can reach Sandra by filling out the online contact form below or give her a call anytime.
Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed.
