Midtown Montgomery Real Estate Market Trends - September 2013
The American Dream of homeownership is alive and well, according to a majority of renters surveyed for the NAR 2013 National Housing Pulse Survey. The survey found that more renters are thinking about becoming homeowners than in past years and the number of Americans who prefer to rent is declining. Thirty-six percent of renters said they were thinking about purchasing a home, compared to only 25 percent in 2011.
Americans’ concerns about home values continuing to drop have also diminished. A majority of respondents revealed that housing prices in their area are higher than last year, and 38 percent reported an increase in local housing market activity in the past year.
Take a look at sales figures in our local real estate market for August 2013.
Midtown Montgomery real estate sales statistics for August 2013 show the number of homes sold increased by 19% when compared to August 2012. The average sales price increased by 38% to $133,319 for the month. The median sales prices increased by 9%, and market times increased by 20 days from August 2012. The highest selling home price increased by 67%, and the lowest selling home price increased by 2% from August 2012.
| Midtown Montgomery | August 2013 | August 2012 |
| Homes Sold | 31 | 26 |
| Average Selling Price | $133,319 | $96,731 |
| Median Selling Price | $84,000 | $76,500 |
| Days On The Market | 128 | 108 |
| Highest Selling Price | $590,000 | $352,000 |
| Lowest Selling Price | $9,640 | $8,000 |
Search all Montgomery AL Real Estate And Homes For Sale.
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Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed.
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