Midtown Montgomery Home Sales Coast Into 2007?

Existing home sales are expected to coast into 2007 at roughly the same level as 2006, according to the National Association of Realtors®. Even though existing home sales are expected to fall 8.6 percent this year, 2006 remains the third-best year on record. What are Midtown Montgomery sales doing?

The number of sold single family homes in Midtown Montgomery (Midtown consists of neighborhoods south of I-85 between Exits1 and 6) for October is down 19 percent compared to October 2005. The number of pending listings are, also, down by 7 percent. October 2005 saw market times of 98 days compared to this October's 72 days, a 27 percent decrease. A decrease in market times is very unusual in a slower market and is an indication the Midtown market will remain strong. The average sales price has increased by $7,892 or 6 percent.

Home prices are continuing to rise, which is good news for Midtown sellers. But, there is more competition for ready, willing and able buyers. Homes must be priced right and in excellent condition to attract today's buyer. Give us a call if you are thinking of selling your home. We have the knowledge, experience and expertise needed to get sellers the highest possible price for their homes.

If you would like to view all Midtown real estate listings, visit MontgomeryAlabamaHomeSearch.

Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed.

Learn About Mold Inspections

Join us for the Montgomery Real Estate Podcast. This month's edition covers Montgomery Real Estate market trends and information buyers need to know concerning mold inspections and air quality.

Features special guest Terri Murphy of US Learning.

Download podcast mp3 file subscribe to podcast feed.

Give us a call if you are interested in selling your home or visit our website, www.HatTeam.com.

Should You Try to Sell Your Home During the Holiday Season?

A common misconception is that trying to sell a home during the holidays is a bad idea. If you are serious about selling, it can be an excellent time to list. During the holidays buyers are more serious. They have a different motivation like using vacation time to search for property. They're doing that because they have to buy, rather than want to buy. Remember Thanksgiving and Christmas is one day a piece not two months.

10 reasons why you should list your home during the holidays

1. Most November and December buyers are particularly serious and very likely facing some sort of deadline.
2. January is the biggest transfer month of the year and job transferees use the holidays to house hunt.
3. Many people want to buy before the end of the year for financial and tax reasons. Investors usually want to close escrow by year-end for tax purposes.
4. Most sellers wait until spring or summer to list their home. This means that during the winter months your property will have far less competition versus any other time of the year.
5. Homes show well when decorated for the holidays creating a sense of family and people are much more emotionally drawn to the house, emotion sells.
6. Many people take vacation around the holidays allowing more time to look for a home.
7. Remodeling, decorating, appliance installation and other services are more available and at less of a premium.
8. There is plenty of mortgage money available for buyers.
9. Lenders aren't as busy and can process loans faster.
10. Showings will be fewer and less intrusive, but more likely to be fruitful with motivated, qualified buyers.

Give us a call if you are interested in selling your home or visit our website, www.HatTeam.com.