Zillow’s new survey-based index gauging consumer sentiment about housing markets and homeownership indicates that the majority of U.S. consumers feel positive about real estate market.

The Zillow Housing Confidence Index ranges from 0 to 100 with marks above 50 indicating positive sentiment. Households surveyed had a real estate confidence index of 63.7, indicating more people feel positive about real estate than not..

The index includes a “Homeownership Aspiration” component that measures renters’ attitudes and likelihood of pursuing homeownership. Nationwide, renters had an aspiration index of 59.3, indicating that more renters than not aspire to be homeowners.

In addition, 10 percent of current renters nationwide said they plan to purchase a home within the next 12 months.

Zillow estimates that 4.2 million first-time homebuyers would flood the market if all renters purchase a home who indicated that they’d like to in the next 12 months.

Take a look at sales figures in our local real estate market for February 2014.

Midtown Montgomery real estate sales statistics for February 2014, show the number of homes sold increased by 4% when compared to February 2013. The average sales price increased by 9% to $ 132,424 for the month. The median sales prices increased by 30%, and market times increased by 3 days from February 2013.  The highest selling home price decreased by 30%, while the lowest selling home price increased by 50% from February 2013.

Midtown Montgomery  Feb 2014 Feb 2013
Homes Sold 25 24
Average Selling Price $ 132,424 $ 120,403
Median Selling Price $ 118,000 $ 82,656
Days On The Market 136 133
Highest Selling Price $ 487,000 $ 695,000
Lowest Selling Price $ 10,000 $ 5,000

Search all Montgomery AL Real Estate And Homes For Sale.

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the Montgomery AL real estate market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com.

Interested in buying a bank-owned home? Get bank-owned listings alerts FREE!

You can reach Sandra by filling out the online contact form below or give her a call anytime.