Huntsville AL Real Estate Market Trends - 2012

Huntsville and Madison County 2012 home sales statistics are below. There were 4701 homes sold in Madison County in 2012. That is an increase of 413 homes when compared to 2011. The breakdown by area with average home price and number of sales for each area is below.
Area Average Sold Price Homes Sold
Huntsville East $ 221,872 231
Huntsville North $60,398 392
Huntsville South $200,969 747
Huntsville Mill District $53,154 86
Hampton Cove Area $285,182 426
Huntsville Research Park $148,793 105
Huntsville Zeirdt Rd Area $218,514 348
Madison City $254,566 730
Monrovia/Harvest $197,128 710
Madison County NE $148,895 247
Madison County NW $126,843 334
Madison Co. Riverton/New Market $170,115 282
Madison Co. Owens Cross Rds/New Hope $109,272 63
                  We expect 2013 to continue an upward sales trend. Interest rates are just over 3% on a 30 year fixed rate mortgage and around 2.75% on a 15 year mortgage. It is a great time to purchase or invest in real estate. If you or a friend are considering moving, call or email Mike to help today! Take a look at sales figures in the Huntsville real estate market for December. Madison County/Huntsville AL Real Estate Sales Statistics Huntsville AL and Madison County saw a decrease of 12% in sold listings in December 2012 when compared to November 2012. The average list price increased by 2% to $212,015 and the average sales price increased by 2% to $207,229.  The average price per square foot remained consistent when compared with November 2012, and market times decreased by 6% or 5 days.
Date Sold Listings Average List Price Average Sale Price Percent SP/LP Average DOM Average Price Sq Ft
December 2012 352 $212,015 $207,229 97.7% 75 $83
November 2012 398 $207,635 $202,673 96.6% 80 $83
  For more information about Huntsville AL real estate, please visit or call me at 256-508-0211. To begin searching Huntsville AL 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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