Huntsville Real Estate Sales Statistics - April 2010
Two top housing economists forecast some encouraging but tempered predictions for the housing market over the next few years during an economic session at the
National Association of Realtors® Midyear Legislative Meetings & Expo today.
Top housing economists, Lawrence Yun, NAR chief economist, and Mark Zandi, chief economist and co-founder of Moody’s Economy.com, forecast some encouraging but tempered predictions for the housing market over the next few years. Both agree that job creation is key to an economic and housing recovery, with an improvement in job creation as 2010 progresses. However, they differed somewhat on the impact that foreclosures will have on home price stabilization. Yun expects a slightly stronger demand for housing and a fairly even level of foreclosures. Zandi forecasts an improving demand for housing with foreclosures rising later in 2010 before easing in 2011. Both economists project mortgage interest rates will remain historically low, the availability of jumbo loans will improve and home sales will rise over the next few years.
Take a look at how Huntsville real estate sales statistics in April compared to March.
Madison County/Huntsville Real Estate Sales Statistics
Huntsville and Madison County saw an increase of 11% in sold listings when compared to March 2010. The average sales price increased by 4% to $186,311. The average price per square foot decreased by 9% when compared with March 2010. And the average list price increased by 37%, while homes were on the market an average of 3 days less than March 2010.
| Date |
Sold Listings |
Average List Price |
Average Sale Price |
Percent SP/LP |
Average DOM |
Average Price Sqft |
| Apr 2010 |
440 |
$190,468 |
$186,311 |
97.32% |
86 |
$80 |
| Mar 2010 |
393 |
$183,505 |
$178,044 |
98.09% |
89 |
$88 |
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Statistics are based on information for the North Alabama Association of Realtors and are deemed reliable but not guaranteed