Midtown Montgomery Real Estate Market Trends - April 2015

Midtown Montgomery Real Estate Market Trends - April 2015

Decades ago, it was not uncommon for people to work at the same job for the entirety of their professional career. Similarly, many people kept the same home their whole lives. Those trends, however, have shifted. Today most homeowners buy and sell several homes throughout their lifetime. The reasons to sell one’s home vary—changes in family situations, neighborhood transformations, financial changes, and many others. However, the most popular reasons sellers decided to leave their home for another are quite simple—people moving to new areas and outgrowing their homes. According to the National Association of REALTORS® 2014 Profile of Home Buyers and Sellers, 15 percent of sellers sold their previous home because the place was too small. That number was much higher (30 percent) among first-time sellers. Additionally, another 15 percent sold their last home due to job relocation. Are you considering selling your home? Get a free current market analysis here.

Take a look at April 2015's real estate sales statistics.

April 2015 Midtown Montgomery Real Estate Market Update

Midtown Montgomery real estate sales statistics for April 2015, show the number of homes remain the same. The average sales price decreased by 3.47% to $153,448 for the month. The median sales price decreased by 1.85% to $127,500, and market times decreased by 24 days.  The highest selling price decreased by 1.51%, and the lowest selling home price decreased by 3.45% compared to $14,500 from April 2014.

Midtown Montgomery  April 2015   April 2014
Homes Sold 30 30
Average Selling Price $153,448 $158,971
Median Selling Price $127,500 $129,900
Days On The Market 135 159
Highest Selling Price $391,000 $397,000
Lowest Selling Price $14,000 $14,500

For the latest Midtown Montgomery real estate market conditions in your area, please call me at 800-HAT-LADY or visit HomesForSaleInMontgomeryAlabama.com.

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

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