Infill Housing in Midtown Montgomery

We are proud to present the January/February 2007 edition of Midtown Living, featuring articles concerning:

• Infill Housing in Midtown
• What's Ahead for 2007
• Predicting Midtown's Future
• Heater Safety Inspections & Guarantees by Hans Heating & Air
• Homes For Sale in Midtown
• and more...

Midtown Montgomery Housing Report

David Lereah, National Association of Realtors chief economist, said a fairly steady pace of home sales can be expected for the next two months. "It's important to focus on where the housing market is now - it appears to be stabilizing, and comparisons with an unsustainable boom mask the fact that home sales remain historically high - they'll stay that way through 2007." he said. "In addition, a temporary correction in prices distracts from the fact that it is primarily the number of homes sales that affects the economy, and the number for this year will be the third highest on record." How do local home sales stack up to this prediction?

The number of sold single family homes in Midtown Montgomery (Midtown consists of neighborhoods south of I-85 between Exits1 and 6) for November is down 11 percent compared to November 2005. The number of pending listings are, also, down by 29 percent. November 2005 saw market times of 115 days compared to this November's 85 days, a 26 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 decreased by $1,390 or 1 percent.

When thinking about selling your home, be sure to give us a call. We have the market knowledge and expertise needed to help you price your home correctly thus assuring a successful sale and putting the most money in your pocket.

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.

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.

Contact us if you are in the market to buy a home. Also, visit