Montgomery Beats The Housing Slump
Montgomery Housing Market Not In A Slump
The Montgomery Advisor writes, "While Montgomery is showing some signs of slowing, by and large the market here remains strong and homes continue to sell. The reason: Montgomery wasn't on the bubble. According to some estimates, home prices here were as much as 10 percent undervalued at the start of the year."
We didn't get to participate in the run-up, and we are definitely not going to have to participate in the fall-off. Take a look at the July figures for Midtown.
The number of sold single family homes in Midtown Montgomery for July is up 14 percent compared to July 2005. The number of pending listings, which is a leading indicator of the future of the market, has also increased by 27 percent. Market times are relatively unchanged for the same time period.
This is all great news for Montgomery buyers and sellers, but the best news is the increase in the average sales price from $136,105 to $176, 540 or 30 percent.
Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed.
Tags: montgomery beats housing slump, no housing bubble for montgomery, midtown montgomery july housing statistics
The Montgomery Advisor writes, "While Montgomery is showing some signs of slowing, by and large the market here remains strong and homes continue to sell. The reason: Montgomery wasn't on the bubble. According to some estimates, home prices here were as much as 10 percent undervalued at the start of the year."
We didn't get to participate in the run-up, and we are definitely not going to have to participate in the fall-off. Take a look at the July figures for Midtown.
The number of sold single family homes in Midtown Montgomery for July is up 14 percent compared to July 2005. The number of pending listings, which is a leading indicator of the future of the market, has also increased by 27 percent. Market times are relatively unchanged for the same time period.
This is all great news for Montgomery buyers and sellers, but the best news is the increase in the average sales price from $136,105 to $176, 540 or 30 percent.
Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed.
Tags: montgomery beats housing slump, no housing bubble for montgomery, midtown montgomery july housing statistics
posted by The Hat Team at 9:23 AM
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