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 $600,000 sale skewed the April 2012 average selling price to an unrealistic high. Last month's average is far more representative of reality.
|Midtown Montgomery||April 2013||April 2012|
|Average Selling Price||$ 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.