Montgomery Housing Market Defies Predictions
Housing prices are expected to continue to have a limited fall throughout 2006, according to testimony submitted by the National Association of Realtors® at last week's Senate Banking Committee hearing on the economy. The Midtown Montgomery housing market is disregarding this forecast, however, with increased sales and increased prices.
The number of sold single family homes in Midtown Montgomery for August is up 64 percent compared to August 2005. The number of pending listings, which is a leading indicator of the future of the market, has increased by 14 percent. At the same time, there has been a dramatic decrease in market time. August 2005 saw market times of 178 days compared to this August's 84 days, a 53 percent decrease. The average sales price has increased by $10,860 or 8 percent.
Even with all this activity, homes must be staged well and priced correctly to attract today's savvy buyers. Contact us if you are thinking of selling your home. We have the experience, market knowledge and marketing expertise needed to sell your home in today's market! You can also visit our website to view all Montgomery real estate listings, get the current market value of your home and more.
Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed.
Tags: national association of realtors, montgomery housing report, montgomery real estate listings, selling a home in montgomery
The number of sold single family homes in Midtown Montgomery for August is up 64 percent compared to August 2005. The number of pending listings, which is a leading indicator of the future of the market, has increased by 14 percent. At the same time, there has been a dramatic decrease in market time. August 2005 saw market times of 178 days compared to this August's 84 days, a 53 percent decrease. The average sales price has increased by $10,860 or 8 percent.
Even with all this activity, homes must be staged well and priced correctly to attract today's savvy buyers. Contact us if you are thinking of selling your home. We have the experience, market knowledge and marketing expertise needed to sell your home in today's market! You can also visit our website to view all Montgomery real estate listings, get the current market value of your home and more.
Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed.
Tags: national association of realtors, montgomery housing report, montgomery real estate listings, selling a home in montgomery
posted by The Hat Team at 9:07 AM
0 Comments:
Post a Comment
<< Home