Huntsville AL Real Estate Market Trends
Let’s take a look at the sales statistics for Huntsville in January 2008 to see how the year started off:
Huntsville/Madison County Market Statistics
The Huntsville and Madison County markets experienced a considerable slowdown in activity this January, when compared with January 2007. Sales were down when compared with 2007, but by 26%. Average sale prices, however, increased by 9% with the average home selling for $193,104.
Average market times increased, with the average home on the market for 111 days vs 84 days in January 2007. The average price per square foot of home went up 6% to $90.
|
Date
|
Sold
Listings
|
Average
List Price
|
Average
Sale Price
|
Percent
SP/LP
|
Average
DOM
|
Average
Price
SqFt
|
|
Jan 2008
|
327
|
$197,682
|
$193,104
|
97.68%
|
111
|
$90
|
|
Jan 2007
|
439
|
$187,259
|
$184,246
|
98.39%
|
84
|
$84
|
If you are planning to buy or sell a home in 2008, or if you want to learn more about Huntsville AL real estate, please contact me at 256-508-0211or visit MoveToHuntsville.com.
To begin searching for Huntsville AL homes, please use my complimentary MLS search.