Month of July, Montgomery

by Frank Ortiz

Homes Selling in 42 Days

In Montgomery, homes are selling in an average of 42 days. This slightly extended timeline reflects a steady market where buyers have a bit more time to make decisions, and sellers can take time to effectively market their properties.

986 Homes on the Market

Montgomery features 986 homes currently available for sale, offering a broad selection for prospective buyers. This substantial inventory underscores a dynamic market with ample choices for those looking to find their next home.

Montgomery at 3.4 Months of Supply

In a balanced market, there is typically around 6 months of housing supply. Currently, Montgomery has only 3.4 months of supply, indicating a seller's market where inventory is low relative to demand. This shorter supply suggests quicker sales and potentially higher prices.

280 Homes in Montgomery Have Reduced Prices

In Montgomery, 280 homes have recently had their prices reduced. This trend indicates that sellers are adjusting their pricing strategies to stay competitive and attract buyers in a changing market.

Median Listing Price in Montgomery is $429,750

If you’re considering a move, the median listing price for homes in Montgomery is $429,750. This figure provides a snapshot of the current market and helps set expectations for your home search in the area.

Since every property is different, please reach out for your own personal equity report.

Frank Ortiz
Your North Houston REALTOR
832-948-6060
[email protected]