Huntsville Real Estate Sales Statistics - January 2010
Home sales surged in the fourth quarter of 2009 with many areas seeing double digit gains according to the National Association of Realtors. Total existing-home sales (single-family and condo) jumped 13.9 percent above the third quarter and 27.2 percent above the fourth quarter of 2008. Distressed property sales accounted for 32 percent of the fourth quarter transactions, down from 37 percent from 2008.Lawrence Yun , NAR chief economist, said the first-time home buyer tax credit, combined with record low interest rates, played a dominant role in fourth quarter sales. Yun went on to say, “With inventory levels trending down over the past 18 months, we expect broadly balanced housing market conditions in much of the country by late spring with more areas showing higher prices.”Take a look at how Huntsville real estate sales statistics in January 2010 compared to January 2009.Madison County/Huntsville Real Estate Sales Statistics
Huntsville and Madison County saw a decrease of 14% in sold listings when compared to January 2009. The average sales price decreased by 7% to $189,639. The average price per square foot decreased by 1% when compared with January 2009. And the average list price decreased by 7%, while homes were on the market an average of 12 days less than January 2009.
Date
Sold Listings
Average List Price
Average Sale Price
Percent SP/LP
Average DOM
Average Price Sqft
Jan 2010
220
$195,999
$189,639
96.89%
84
$85
Jan 2009
256
$210,712
$204,312
97.21%
96
$84
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
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