Midtown Montgomery Real Estate Market Trends for February 2015
Friday, March 20, 2015
February 2015 Midtown Montgomery Real Estate Market Update
Midtown Montgomery real estate sales statistics for February 2015, show the number of homes dropped 3.70% by 1 home . The average sales price decreased by 21.91%% to $100,996 for the month. The median sales prices decreased by 52.97% to $55,500, and market times increased by 1 day. The highest selling price decreased by 12.63%, and the lowest selling home price decreased by 10% compared to $10,000 from February 2014.
| Midtown Montgomery | February 2015 | February 2014 |
| Homes Sold | 26 | 27 |
| Average Selling Price | $100,996 | $129,334 |
| Median Selling Price | $55,500 | $118,000 |
| Days On The Market | 141 | 140 |
| Highest Selling Price | $425,000 | $487,000 |
| Lowest Selling Price | $9,000 | $10,000 |
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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Usually, when you take money out of an individual retirement account before you reach age 59 1/2, the IRS considers these premature distributions. In addition to owing any tax that might be due on the money, you'll face a 10 percent penalty charge on the amount. This is not the case, however, when you use the money to buy your first investment property. (Note: Technically, you don't have to be purchasing your very first home or building. You qualify under the tax rules as long as you, or your spouse, didn't own a principal residence at any time during the previous two years.) You can use up to $10,000 in IRA funds toward this purchase. If you're married, and you and your spouse are both first-time buyers, you can each pull from retirement accounts, giving you $20,000 to use.
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