Huntsville AL Real Estate Market Trends - March 2016
According to the National Association of Realtors, mortgage rates are now lower than they ended in March. That means that rates are not only near the lows for the year to date, they are also close to the lowest rates in
three years. These lower rates translate into increased buying power and/or improved ability to qualify for a mortgage.
A record number of Americans are actively searching and looking at the current inventory on
Realtor.com®. We currently have 2% fewer homes for sale in the U.S. relative to last year, but we’ve seen 137,000 new listings come onto the market so far in April.
Looking ahead, great weather will likely draw even more people to look at open houses and available homes over the rest of the month. According to
Cleveland Research, after a cooler than normal start to April, the weather forecast for the next 10 days is expected to be “near perfect” across many of the largest housing markets in the country, especially in the central and eastern U.S.
What matters most are the trends and conditions in your neighborhood.
Huntsville AL Real Estate: 1st Quarter Sales By High School 2016 Compared to 2015
| School |
Homes Sold |
Average
List Price |
Average
Sold Price |
Average
Price
Sq Ft |
Average
Days On
Market |
| Huntsville City Schools |
|
|
|
|
|
| Columbia 2016 |
202 |
$199,051 |
$196.123 |
$88 |
118 |
| Columbia 2015 |
116 |
$198,577 |
$195,245 |
$85 |
85 |
|
|
|
|
|
|
| Grissom 2016 |
159 |
$180,083 |
$175,292 |
$81 |
102 |
| Grissom 2015 |
142 |
$181,658 |
$176,737 |
$83 |
118 |
|
|
|
|
|
|
| Huntsville 2016 |
216 |
$303,765 |
$295,523 |
$109 |
121 |
| Huntsville 2015 |
142 |
$302,214 |
$292,647 |
$100 |
124 |
|
|
|
|
|
|
| Johnson 2016 |
50 |
$62,552 |
$59,593 |
$36 |
122 |
| Johnson 2015 |
58 |
$64,145 |
$59,902 |
$32 |
119 |
|
|
|
|
|
|
| Lee 2016 |
58 |
$108,584 |
$102,237 |
$60 |
128 |
| Lee 2015 |
60 |
$100,750 |
$94,589 |
$61 |
91 |
|
|
|
|
|
|
| Madison City Schools |
|
|
|
|
|
| Bob Jones 2016 |
92 |
$221,020 |
$216,948 |
$88 |
109 |
| Bob Jones 2015 |
94 |
$226,523 |
$220,992 |
$88 |
114 |
|
|
|
|
|
|
| James Clemens 2016 |
108 |
$280,105 |
$277,614 |
$98 |
97 |
| James Clemens 2015 |
78 |
$277,628 |
$274,381 |
$97 |
115 |
|
|
|
|
|
|
| Madison County Schools |
|
|
|
|
|
| Buckhorn 2016 |
89 |
$176,152 |
$170,273 |
$82 |
124 |
| Buckhorn 2015 |
79 |
$169,459 |
$164,631 |
$85 |
117 |
|
|
|
|
|
|
| Hazel Green 2016 |
86 |
$153,098 |
$149,114 |
$75 |
123 |
| Hazel Green 2015 |
71 |
$168,687 |
$164,873 |
$73 |
149 |
|
|
|
|
|
|
| New Hope 2016 |
26 |
$97,870 |
$94,339 |
$58 |
88 |
| New Hope 2015 |
36 |
$150,428 |
$141,839 |
$81 |
165 |
|
|
|
|
|
|
| Madison County 2016 |
32 |
$178,768 |
$175,550 |
$84 |
79 |
| Madison County 2015 |
21 |
$233,804 |
$229,940 |
$95 |
94 |
|
|
|
|
|
|
| Sparkman 2016 |
161 |
$160,911 |
$156,903 |
$76 |
128 |
| Sparkman 2015 |
154 |
$168,232 |
$165,404 |
$75 |
130 |
Would you like to see the last years home sales in your neighborhood? Just reply to the email you received with your address and I will email you a link to all the sold homes in your area.
For more information about Huntsville AL real estate, please visit
MoveToHuntsville.com or call me at 256-508-0211.
To see all Huntsville/Madison County AL homes for sale, please use my
complimentary MLS search.
Information courtesy of
Huntsville AL Real Estate Expert Mike Manosky.