Midtown Montgomery Real Estate Market Report for April 2014
The spring housing market is beginning to heat up. National Association of Realtors® Chief Economist Lawrence Yun predicts sales activity to steadily pick up, provided more inventory reaches the market and job growth continues. Yun says price growth is also rising. This year’s spring market offers many opportunities for those thinking about selling their home.
Before a home is listed for sale sellers should prepare it with an eye toward what appeals to today’s buyers – something a Realtor® can help sellers with. Enhancing curb appeal and showcasing areas like kitchens and bathrooms is helpful. Also, make sure the home is well-maintained, small repairs are completed and the home is free of clutter.
Take a look at sales figures in our local real estate market for April 2014.
Midtown Montgomery real estate sales statistics for April 2014, show the number of homes sold increased by 36% when compared to April 2013. The average sales price increased by 45% to $158,971 for the month. The median sales prices increased by 18%, and market times increased by 8 days from April 2013. The highest selling price decreased by 56%, and the lowest selling home price increased by 53% compared to April 2013.
| Midtown Montgomery | April 2014 | April 2013 |
| Homes Sold | 30 | 22 |
| Average Selling Price | $158,971 | $109,802 |
| Median Selling Price | $129,900 | $109,000 |
| Days On The Market | 159 | 151 |
| Highest Selling Price | $397,000 | $255,000 |
| Lowest Selling Price | $14,500 | $9,500 |
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.
Both parties cannot save the commission. The buyer feels they have earned it because they’ve had to find the home, determine its value and negotiate with the seller. They had to arrange their own financing, title and inspections.
waterfalls, stone walls, gazebos, arbors, and outdoor lighting can also add to your landscape design and increase the value of your Montgomery AL real estate by as much as 7% to 15%.
