Midtown Montgomery Market Trends - September 2015

Midtown Montgomery Market Trends - September 2015

A biennial opinion survey on housing issued conducted by the National Association of Realtors shows that fears of selling have abated dramatically since the housing recovery went into high gear two years ago. Over the past two years, homeowners’ confidence in recouping the price they paid for their homes has risen 29 percent. 

Seller confidence extends to their outlook for next year.  Four in ten adults in the survey (41%) expect prices to rise in their market. Some 47 percent said prices will stay the same and only 6 percent expect them to decrease.

Take a look at how many successful sellers there were in our market last month…

September 2015 Midtown Montgomery Real Estate Market Update

Midtown Montgomery real estate sales statistics for September 2015, show the number of homes sold increased 3.85% The average sales price decreased by 9.34% to $108,109 for the month. The median sales price increased 2.98% to $92,500, and market times decreased by 60 days.  The highest selling price increased by 4.25% from September 2014.

Midtown Montgomery  September 2015   September 2014
Homes Sold 27 26
Average Selling Price $108,109 $119,242
Median Selling Price $92,500 $89,820
Days On The Market 178 118
Highest Selling Price $417,000 $400,000
Lowest Selling Price $9,100 $17,000

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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