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.