Midtown Montgomery Real Estate Prices Continue To Rise
Home sales appear to be bottoming out with lower home prices attracting buyers in many areas of the country, according to the National Association of Realtors®. Is this happening with Midtown Montgomery real estate?
The number of sold single family homes in Midtown Montgomery (Midtown consists of neighborhoods south of I-85 between Exits 1 and 6) for September is down 6 percent compared to September 2005. The number of pending listings are, also, down by 15 percent. Whereas, last month (August) there was a 14 percent increase.
During this same time period, there has been a dramatic decrease in market times. September 2005 saw market times of 109 days compared to this September's 90 days, a 17 percent decrease.
The average sales price has decreased by $13,523 or 9 percent. This is the first decrease in the average sales price this year. We have seen a steady increase in prices each month until now. This month's decrease may be an indication that the market is leveling off. Or, it could be a more normal fall market for Midtown when prices soften a bit compared to the previous spring.
It would be easy for buyers to overpay for a Midtown Montgomery home in the current market. We have the experience, market knowledge and negotiation skills needed to get you the best possible deal.
The number of sold single family homes in Midtown Montgomery (Midtown consists of neighborhoods south of I-85 between Exits 1 and 6) for September is down 6 percent compared to September 2005. The number of pending listings are, also, down by 15 percent. Whereas, last month (August) there was a 14 percent increase.
During this same time period, there has been a dramatic decrease in market times. September 2005 saw market times of 109 days compared to this September's 90 days, a 17 percent decrease.
The average sales price has decreased by $13,523 or 9 percent. This is the first decrease in the average sales price this year. We have seen a steady increase in prices each month until now. This month's decrease may be an indication that the market is leveling off. Or, it could be a more normal fall market for Midtown when prices soften a bit compared to the previous spring.
It would be easy for buyers to overpay for a Midtown Montgomery home in the current market. We have the experience, market knowledge and negotiation skills needed to get you the best possible deal.
Contact us if you are in the market to buy a home. Also, visit
Labels: midtown montgomery homes for sale, midtown montgomery real estate, montgomery al real estate, montgomery homes for sale, montgomery real estate
posted by The Hat Team at 2:38 PM
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