Thursday, September 23, 2010
by The Hat Team
Home sales will remain soft in the months ahead, but improved affordability conditions should help with a recovery, according to the National Association of Realtors. The recovery looks to be a long process with job numbers being lower than expected in the last couple of months. However, affordability could reach a generational high in the second half of this year because of rock-bottom mortgage interest rates. The loan underwriting standards are tighter, but home buyers can improve their chances of getting a loan by staying well within their budget.
Take a look at how the Montgomery AL real estate market fared in August.
Montgomery AL real estate sales statistics for August show pending sales have decreased by 48% in 2010 compared to August 2009. The average sales price decreased by 2% to $134,119 while sold listings were down by 36% from 2009. Market times decreased in 2010 by 4 days.
|
Midtown
Montgomery
|
Pending
Sales
|
Sold
Listings
|
Average
Market Times
|
Average
Sales Price
|
|
Aug 2010
|
33
|
27
|
104
|
$134,119
|
|
Aug 2009
|
64
|
42
|
108
|
$136,850
|
For the latest Montgomery AL 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.
