The increases in FHA mortgage guarantee costs that took effect on April 1 have many home buyers asking, "What do these increases mean to me when I get an FHA loan?"  Megan Booth and Rob Freedman with break down the facts in this informative video.

Lets look at the statistics in our local real estate market? 

Midtown Montgomery real estate sales statistics for March show the average sales price decreased by 26% to $95,339 when compared to March 2011.  The number of homes sold increased by 33% in March 2012.  The median sales prices decreased by 51%, and market times increased by 8% or 11 days.  The highest selling home price increased by 7%, and the lowest selling home price increased by 67%.

Midtown Montgomery March 2012 March 2011
Homes Sold 33 22
Average Selling Price $ 95,339 $ 128,461
Median Selling Price $ 55,000 $ 112,000
Days On The Market 133 122
Highest Selling Price $ 375,000 $ 350,000 
Lowest Selling Price $ 13,500 $4,500

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Sandra Nickel and the Hat Team have distinguished themselves as leaders in the Montgomery AL real estate market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit

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