Market Conditions for Montgomery, Alabama
Reported by Jere Whitehouse - Associate Broker, CRS, ABR, GRI, SRES, E-Pro, Associate Broker
As of May 6, 2008.
I would like to share with you some great local news for Montgomery and the surrounding areas:
Home sales around Montgomery remained well below 2007 levels in March, but the pace has picked up compared to February, pointing to a shift in sales! The average Montgomery area home price climbed in March 2008 as compared to February, up to $156,390 from an average $150,618, though still down well below from home prices this same time last year.
This means "Great Buys" are still available for Home Buyers, AND a great "Value" for Home Sellers as home prices are coming back to reality!
Homes sold faster in Montgomery last month compared to February, bucking a statewide trend. Homes in the Montgomery area sold after an average of 93 days on the market as compared to 136 days statewide. The second quarter of 2008 continues to reflect a period of correction compared to historic levels, but contributing factors that are leading toward momentum and long term stability in the housing market include an improved credit environment, realistic buyer and seller value expectations, and continued improvement in the level of housing afordability!
The interest rates are still at historic lows, and the selection of new and existing homes in all areas and price ranges is "Excellent"
Spring is here, and there is lots of buyer activity with everything in bloom, schools are letting out for summer break, and Maxwell AFB is preparing for its annual migration of Air War College students and enlisted support... which is always a great boom for our local economy and greatly appreciated!
This is GREAT news for anyone wanting to buy, sell, or invest in the Montgomery Tri-County areas and now would be a great time to make a move in the real estate market.
Give me a call or send me an email and let me know your situation and how I can help! Together, I am sure, we can find a solution to meet your goals.
(334) 324-9485 or Jere@JereWhitehouse.com
Tuesday, May 6, 2008
Saturday, March 8, 2008
Time to Spring Forward!
As seasons change so do your real estate needs. Remember; when you´re planning to buy or sell, you can count on timely
service, experience, and commitment of
Jere Whitehouse and his team of real estate professionals at RE/MAX of Montgomery. When it´s time to move, you get results with
"Caring Real Estate Service
From - Jere Whitehouse
In Aug. 2005, Congress passed an energy bill that included extending Daylight Saving Time by about a month. As of 2007, DST starts the second Sunday of March and ends on the first Sunday of November.
Most of the United States begins Daylight Saving Time at 2:00 a.m. on the second Sunday in March and reverts to standard time on the first Sunday in November.
Arizona (with the exception of the Navajo Nation) and Hawaii and the territories of Puerto Rico, Virgin Islands, Guam, and American Samoa are the only places in the U.S. that do not observe DST but instead stay on "standard time" all year long.
(And if you've spent any time in the sweltering summer sun in those regions you can understand why residents don't need another hour of sunlight.)
Many fire departments encourage people to change the batteries in their smoke detectors when they change their clocks because Daylight Saving Time provides a convenient reminder. "A working smoke detector more than doubles a person's chances of surviving a home fire". More than 90 percent of homes in the United States have smoke detectors, but one-third are estimated to have dead or missing batteries.
Have a wonderful safe weekend and give me a call! I look forward to hearing from you and am at your service when you are ready to make a move. Interest rates are near 40 year lows and now would be a great time to "Spring" into action!