A few weeks ago, we looked at the Montgomery market as a whole and found just short of a 5 month supply of homes and a average sold price of $171,272 for the month of September. Visit: Central Alabama Market Update–Fall 2018. We all know that real estate can vary considerably by neighbornood and area, so earlier this year we looked at market trends for the Wetumpka area including downtown and surrounding areas (zip code 36092). Visit: Wetumpka Area Market Trends–Year to Date (through May 2018). It’s time for an update to see how the more current information on the Wetumpka market compares with earlier this year and with the overall Montgomery area.
It looks like the Wetumpka Area continues to be more toward a sellers market than the Montgomery Market as a whole. Wetumpka has less than a 4 month inventory of single family residential homes and and is averaging about 90 days on the market from lisiting to closing Also, although the average sold price of home is Wetumpka is below the average sold price in the overall Montgomery area market, prices are moving upward!
What does this mean?
If you’re a Wetumpka homeowner looking to sell, now looks like a great time to get that home on the market! If you are thinking about buying a home in Wetumpka, you may want to consider stepping up your plans to get on board!
If you are interested in a more detailed breakdown of market trends by a particular zip code or neighborhood of interest , let me know and I’ll send you a free report: Free Market Report for Your Neighborhood!