Montgomery Real Estate For Sale: 4437 County Rd 632
3 Bedroom, 2 Bath
MLS# 261342
The Hat Team
Displaying blog entries 1791-1800 of 1998
Montgomery Real Estate For Sale
322 County Rd 632, Clanton AL 35045
3 Bedroom, 2 Bath
MLS# 261333
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in November, fell 4.0 percent to 82.3 from a downwardly revised reading of 85.7 in October, and is 5.3 percent below November 2007 when it was 86.9. The current index is the lowest since the series began in 2001.
Lawrence Yun, NAR chief economist, said a weakening was inevitable. “Mounting job losses and very weak consumer confidence deterred home buyers from signing contracts in November,” he said. “December’s housing market activity could be comparably lower due to ongoing problems in the economy, so a real estate-focused stimulus plan is urgently needed.”
Let’s take a look at the sales statistics for 2008 to see how the Montgomery AL real estate market looks:
Montgomery real estate saw pending sales decrease by 18% in 2008 compared to 2007. The average sales price dropped 4% to $143,536 while sold listings were down 27% from 2007. Market times showed a decrease by 4 days over 2007.
Midtown
Montgomery |
Pending
Sales |
Sold
Listings |
Average
Market Times |
Average
Sales Price |
2008
|
553
|
405
|
89
|
$143,536
|
2007
|
678
|
556
|
93
|
$150,089
|
For the latest Montgomery AL 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.
Lawrence Yun, NAR chief economist, said a review of the past year is instructive. “Despite the turmoil in the economy, the overall level of pending home sales has been remarkably stable over the past year, holding in a generally narrow range,” he said. “We did see a spike in August when mortgage conditions temporarily improved, which underscores two things – there is a pent-up demand, and access to safe, affordable mortgages will bring more buyers into the market.”
Let’s take a look at the sales statistics for November 2008 to see how the Montgomery AL real estate market looks:
This Novmember, Montgomery AL saw market times decrease by 16 days, when compared to November 2007. Pending sales have decreased 11% in November 2008 from November 2008. The average sales price dropped 22% to $115,405 while sold listings were down 30% from November 2007.
Midtown
Montgomery |
Pending
Sales |
Sold
Listings |
Average
Market Times |
Average
Sales Price |
November 2008
|
40
|
21
|
71
|
$115,405
|
November 2007
|
45
|
30
|
87
|
$148,420
|
Once again it is important to note the impact of foreclosure resales on overall statistics. As of today, 50% of the pending sales in Midtown are foreclosures that average $43,261. When the value of these sales is deducted from the overall pending sales data, the average sales price of the other pending sales is $174,432---a marked increase over 2007! Clearly, foreclosures continue to dilute sales price averages but non-foreclosure sales continue to gain ground.
For the latest Montgomery AL 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.
Business Week Magazine reports two
Both schools received 10 out of 10 points.
Great Schools also gave perfect "10" scores to other Montgomery Public
Schools:
Kudos to all involved!!
Montgomery Real Estate For Sale:
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Displaying blog entries 1791-1800 of 1998