Monthly Montgomery Estates Real Estate Update

If you are looking for homes for sale in Montgomery Estates, the two most important ways to get started are by finding a Montgomery Estates Realtor and understanding what is happening in the Montgomery Estates Real Estate Market. When you pick a qualified and professional Montgomery Estates Realtor to represent you, you can rest assured that no matter what side of the transaction you are on, you have an advocate that is equipped to guide you on the process. Additionally, a Montgomery Estate Realtor will be able to give you an update on the Montgomery Estates Real Estate Market. Details like days on market, average and median sold prices for homes for sale in Montgomery Estates, month supply and more can give you the details needed for a successful experience. As a buyer, you can understand your position in the market and use that to craft an attractive and competitive offer. As a seller, you can price according to market value which ensures you have a shortened market time and get a good offer. So how is the Montgomery Estates Real Estate market doing? Let’s take a look!

As far as the average and median sold prices for homes for sale in Montgomery Estates goes, this is a mixed bag. The average is up 4.2% from this time last year at $659,984 but the median is down 0.8% at $624,875. To understand how much negotiation room you have, the average percentage of list price is currently 98.1%. As your realtor in Montgomery Estates how you can use this to your advantage.

As far as inventory goes, the amount of Montgomery Estates homes for sale is up 18.2% while the amount of new listings is up 15.1%. Closed sales are down 9.8% and pending sales have seen no change from this time last year. Both the average and median days on market are down. The median days on market for Montgomery Estates homes for sale is down 18.1% at 68. The average is down 2.2% at 89. The month supply is up, which is good news for buyers at 36.6% to a 3.6 month supply. To understand the importance of this number, this dictates what kind of market we are in. Anything 6 or over is considered balanced while anything less than 4 is a seller’s market. Your realtor in Montgomery Estates will be able to share what this number is as it changes with the market.

If you are looking for a Montgomery Estates Realtor or Montgomery Estates homes for sale, feel free to give me a call. I would be happy to help!