Huntsville Real Estate Sales Statistics - July 2009

Recent announcements from the Fed regarding a stall on short-term interest rates came as no surprise to most. Five and one quarter percent is where the interest rate has remained since last June. With an eye toward inflation, Fed Chairman Ben Bernanke recites a familiar statement blaming slowed growth partially on the "substantial cooling of the housing market." While housing may be cool in other areas, nothing could be farther from the truth in the Huntsville, Alabama real estate market. In fact, as the rest of the country has suffered a decline of 19% in housing starts, Huntsville's real estate sales have remained stable, according to the American Chronicle. Madison County/Huntsville Real Estate Sales Statistics  Madison County and Huntsville real estate saw an increase of 7% in sold listings when compared to June 2009.  The average sales price decreased by 5% to $200,618.  The average price per square foot decreased by 1%.  And the average list price decreased by 5%.  While homes were on the market an average of 17 days less than June 2009.  

Date	Sold Listings	Average List Price	Average Sale Price	Percent SP/LP	Average DOM	Average Price SqFt
July 2009	467	$205,365	$200,618	97.83%	69	$81
June 2009	433	$215,749	$210,499	97.46%	86	$82

This is a great time to consider buying or selling Huntsville real estate. Housing affordability is at an all-time high, interest rates are at near record lows and now first-time buyers can use their $8,000 tax credit towards a down payment. Don't hesitate and lose out. Give me a call and learn how you can take advantage of the $8,000 tax credit for first-time home buyers. For more information about Huntsville real estate, please visit MoveToHuntsville.com or call me at 256-508-0211.  To begin searching Huntsville real estate and homes, please use my complimentary MLS search.  Statistics are based on information for the North Alabama Association of Realtors and are deemed reliable but not guaranteed.  

---