Montgomery AL Real Estate Sales Statistics - December 2009
According to the National Association of Realtors®, pending home sales nationally are comfortably above year-ago levels, although the Pending Home Sales Index, a forward-looking indicator based on contracts signed in November, fell from October levels. Lawrence Yun, NAR chief economist, said a drop was expected. “It will be at least early spring before we see notable gains in sales activity as home buyers respond to the recently extended and expanded tax credit,” he said. "We expect another surge in the spring as more home buyers take advantage of affordable housing conditions before the tax credit expires.”
Let's look at December real estate sales to see how the housing recovery is progressing in Montgomery AL.
Montgomery AL Real Estate Sales Statistics - December 2009
Montgomery AL real estate sales statistics for December show pending sales have increased by 5% in 2009 compared to December 2008. The average sales price increased by 32% to $140,690 while sold listings were up by 7% from 2008. Market times were 58 days more than 2008.
|
Midtown |
Pending |
Sold |
Average |
Average |
|
Dec 2009 |
37 |
30 |
123 |
$140,690 |
|
Dec 2008 |
35 |
28 |
65 |
$95,446 |
For the latest Montgomery AL 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.
