Midtown Montgomery Market Trends Report - June 2007
"Home prices are expected to recover in 2008 with existing-home sales picking
up late this year and new-home sales rising early next year, according to the latest
forecast by the National Association of Realtors."
June statistics show the Midtown Montgomery real estate market to be softer compared to previous months. The number of single family homes in Midtown Montgomery (Midtown consists of neighborhoods south of I-85 between Exits 1 and 6)
that sold in June, decreased by 8 homes or 13 percent. At the same time, the number
of pending listings decreased by 8 homes or 12 percent.
The average sales price decreased $7,090 or 5 percent compared to June 2006.
|
Midtown |
Pending |
Sold |
Average |
Average |
|
June 2007 |
59 |
55 |
96 |
$146,196 |
|
June 2006 |
67 |
63 |
64 |
$153,286 |
This is a great time to be buying a home in Midtown or anywhere else in Montgomery! Buyers can take advantage of softer prices now with an expectation of appreciation
next year. What could be better?
If you are thinking of buying a home in Montgomery, you can have new listings e-mailed
to you as they hit the market by visiting EmailMontgomeryAlabamaHomes.com
Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed.
