Midtown Montgomery Real Estate Market Trends - May 2015
When people dream of vacation homes, oftentimes they cut themselves off quickly, thinking they would never be able to afford one. However, new research by the National Association of REALTORS® shows that is probably not the case. While vacation homes are obviously a big investment, they aren’t out of reach for those under the six-figure salary mark. According to NAR’s 2015 Investment and Vacation Home Buyers Survey, the median household income for those who own a vacation property is $94,380, only about $15,000 more than the median income for those who own their primary residence ($79,650). And if you thought buyers needed cash to buy it, think again—70 percent of vacation homes purchased last year were financed with a mortgage. Considering buying a vacation home? Start your search here!
Take a look at May 2015's real estate sales statistics.
Midtown Montgomery real estate sales statistics for May 2015, show the number of homes decreased 10%. The average sales price decreased by 15.71% to $118,566 for the month. The median sales price decreased by 21.59% to $96,250, and market times increased by 15 days. The highest selling price decreased by 48.03% from May 2014.
| Midtown Montgomery | May 2015 | May 2014 |
| Homes Sold | 44 | 40 |
| Average Selling Price | $118,566 | $140,671 |
| Median Selling Price | $96,250 | $122,750 |
| Days On The Market | 148 | 133 |
| Highest Selling Price | $330,000 | $635,000 |
| Lowest Selling Price | $1 | $9,249 |
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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