Midtown Montgomery Real Estate Market Trends - 2010 vs 2011
Environmentally friendly features have become more important to home buyers according to the 2012 Home Buyer and Seller Profile published by the National Association of Realtors. The importance of various features such as heating and cooling, energy efficient appliances and lighting, landscaping, and an environmentally friendly community differ by region.
- Commuting costs and environmental efficiency have increasingly factored into home buying decisions due to higher energy costs, but also due to overall concern for the environment.
- Factors that are most important to buyers are those directly related to the buyers’ pocketbook.
- Heating and cooling costs were at least “somewhat” important to 87 percent of home buyers.
- Commuting costs were at least “somewhat” important to 73 percent of home buyers.
Now take a look at how the Midtown Montgomery real estate market performed in 2011.
Midtown Montgomery real estate sales statistics for 2011 show the average sales price decreased by 8% to $126,628 when compared to 2010. The number of homes sold decreased by 18% in 2011. The median sales prices decreased by 5%, and market times increased 3% or 4 days. The highest selling home price decreased by 13%, and the lowest selling home price decreased by 99%.
| Midtown Montgomery | 2011 | 2010 |
| Homes Sold | 290 | 354 |
| Average Selling Price | $ 126,628 | $ 137,427 |
| Median Selling Price | $ 110,000 | $ 116,052 |
| Days On The Market | 128 | 124 |
| Highest Selling Price | $ 649,000 | $ 750,000 |
| Lowest Selling Price | $ 1 | $5,100 |
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.
