The headline from for its Housing State Of the Union is “We’re Back, Baby!” 2015 was a great year of growth and improvement—one that sets the stage for a return to normalcy in the months and years ahead.

Here are highlights from the report which is bases on data through November 2015:

  1. new-home sales were up 13% and existing-home sales were up 7%
  2. strong household formation (1.4 million households formed in the past four quarters ending in September)
  3. year of solid job creation (an average of 210,000 jobs per month through November)
  4. distressed sales declined
  5. home prices rose 5% to 7% nationally
  6. lower inventory levels and faster-moving inventory every month
  7. affordability remains strong with only marginally higher mortgage rates

See how this relates to our local housing market in 2015…

2015 Midtown Montgomery Real Estate Market Update

Midtown Montgomery real estate sales statistics for the year 2015 show the number of homes sold increased 9.56%. The average sales price decreased by 7.68% to $131,622. The median sales price decreased by 2.25% from the year 2014. Market times decreased by 14 days.

Midtown Montgomery  2015    2014
Homes Sold 424 387
Average Selling Price $131,622 $142,574
Median Selling Price $114,700 $117,339
Days On The Market 145 159
Highest Selling Price $900,000 $870,000
Lowest Selling Price $1 $6,500

For the latest Midtown Montgomery real estate market conditions in your area, please call me at 800-HAT-LADY or visit

Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed.