Is It Just Talk Or Are House Prices Really Going Up Around Here

Is It Just Talk Or Are House Prices Really Going Up Around Here

Although the average home sales price in the Montgomery has risen since March of last year (from $157,645 to $161010), the total number of houses sold has dropped – from 425 in March 2016 to 367 in March 2017.  (See graphs below.)

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Even more surprising, though, is radical drop in the number of days a house is on the market before selling – from 151 last year to 106 last month!

(see graph below)

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So, if houses are  selling in roughly 2/3 the time they took to sell a year ago, then there is definitely something going on!  Just as  with national trends, it seems to point to rising home prices in the greater Montgomery area. So....is this a good thing or a bad thing?  It's good for home-owners whose have invested much of their life savings in their homes.  On the flip side, it does make it more difficult for first-time homebuyers. 


Just as it's always best to pay attention to the facts when making any decision, this illustrates why it's important to pay attention to fact when buying real estate.  One of the most important ways that a REALTOR® can help you when deciding an amount for buying or selling a property is to examine and evaluate comparisons to other homes sold in the area.  Look to the facts when making your decisions and let us do what we do best -- help you with those facts!


I found my information from this website:  http://http://acre.culverhouse.ua.edu/markets/montgomery  It has a tremendous amount of fascinating information about real estate statistics in Alabama.





Janie Baylis Headshot
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Phone: 334-850-2333
Dated: April 30th 2017
Views: 166
About Janie: All her life, Janie Baylis has had a drive to epitomize all that a good realtor should be: caring, ...

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