Montgomery July home sales increase 14 percent from 2017
By ACRE Research
August 29, 2018
Sales: According to the
Montgomery Area Association of Realtors Multiple Listing Service, Montgomery-area sales totaled 450 units during July, up 13.6 percent from 396 sales in the same month a year earlier. July sales were down 11.6 percent compared to 509 sales in June. Results were 14.5 percent above the five-year July average of 393 sales. Two more resources to review:
Quarterly Report and
Annual Report.
Inventory: Homes listed for sale in the Montgomery area during July totaled 2,120 units, a decrease of 6.6 percent from July 2017's 2,271 units, and a decrease of .9 percent from June 2018's 2,139 units. Montgomery also experienced a year-over-year decline in months of supply. July months of supply totaled 4.7 months, a decrease of 17.9 percent from July 2017's 5.7 months of supply. July's months of supply increased from June's 4.2 months of supply.
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