Midtown Montgomery Real Estate Market Trends - May 2013

Midtown Montgomery Real Estate Market Trends - May 2013

We've heard much about investors playing a role in the housing recovery, but they aren't the only major players. According to results from the Campbell/Inside Mortgage Finance HousingPulse Tracking Survey for March, first-time homebuyers and current homeowners are also building a strong presence as they dominate the non-distressed market. Investors accounted for 13.3 percent of the market share for non-distressed properties, while current homeowners represented 50 percent of the market. First-time homebuyers also made up a significant portion at 36.8 percent. Read the entire article here.

Increased home sales result in higher prices. Are you an investor or a current home owner thinking about buying this spring? Now couldn't be a better time to buy...before prices increase and interest rates remain low. Contact me and together we can get the ball rolling.

Take a look at sales figures in our local real estate market for April 2013.

Midtown Montgomery real estate sales statistics for April 2013 show the number of homes sold increased by 3% when compared to April 2012. The average sales price decreased by 31% to $101,239 for the month. The median sales prices decreased by 11%, and market times increased by 15 days.  The highest selling home price decreased by 63%, and the lowest selling home price increased by 37% from April 2012.

As is often the case in an area like Midtown where prices vary widely, a single $600,000 sale skewed the April 2012 average selling price to an unrealistic high.  Last month's average is far more representative of reality.

Midtown Montgomery April  2013 April 2012
Homes Sold 32 31
Average Selling Price $ 101,239 $ 147,652
Median Selling Price $ 89,000 $ 100,000
Days On The Market 145 130
Highest Selling Price $ 222,000 $ 600,000
Lowest Selling Price $9,500 $6,000


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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