New data on Americans’ rising net worth is good news for the economy. Figures from the National Association of Realtors® show household net worth has completely bounced back from the recession and reached a new peak of over $70 trillion in the first quarter of 2013. Midtown Montgomery stats improved too. During the recession, household and non-profit net worth dropped by more than $15 trillion.

So what is fueling the increase? NAR research points to recovering home and stock prices and a reduction in debt as the driving forces. Real estate accounts for $18 trillion of the $83 trillion in household assets, and owner’s equity in household real estate is $9 trillion of the $70 trillion in net worth. Find out what your home is worth.

Take a look at sales figures in our local real estate market for June 2013.

Midtown Montgomery real estate sales statistics for June 2013 show the number of homes sold were the same when compared to June 2012. The average sales price increased by 28% to $151,562 for the month. The median sales prices increased by 17%, and market times decreased by 3 days from June 2012.  The highest selling home price increased by 31%, and the lowest selling home price decreased by 9% from June 2012.

Midtown Montgomery June  2013 June 2012
Homes Sold 35 35
Average Selling Price $ 151,562 $ 109,062
Median Selling Price $ 85,000 $ 71,000
Days On The Market 121 124
Highest Selling Price $ 600,000 $ 415,000
Lowest Selling Price $ 9,100 $ 10,000

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.