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Huntsville Real Estate On The Rise

By: Huntsville Real Estate Expert Mike Manosky On October 20, 2006

Huntsville real estate sales appear to be bottoming out with lower home prices attracting buyers in many areas of the country, according to the National Association of Realtors®. Lower prices may be attracting buyers into the market in many parts of the country, but it is not happening in Huntsville. Huntsville real estate prices locally continue to climb even though the number of homes for sale has swelled since 2005.The average sales price increased in September 2006 by approximately $12,526 or 8 percent from September 2005. During the same time period, the number of homes on the market jumped by 33 percent or 1,304 homes.  

Sales decreased, however, compared to last year by 13 percent or 139 homes. Market times actually decreased by 5 days or 5 percent. Lower market times are something we don’t usually see with an increase of inventory.

Date

Active
Listings

Sold
Listings

Median
Sales Price

Average
Sales Price

Average
DOM

Sept 2006

5,303

936

$140,000

$160,527

91

Sept 2005

3,999

1,075

$124,900

$148,001

96

September is traditionally a slower month for real estate sales, with families getting children settled in school.  However, beautiful October weather usually brings buyers back into the market.

If you are thinking of buying a home, visit, HuntsvilleHomeHunter.com for a free, automated email search of homes.

 

 

Statistics are based on information for the Huntsville Chamber of Commerce and are deemed reliable but not guaranteed.       

Statistics are based on information for the Huntsville Chamber of Commerce and are deemed reliable but not guaranteed.       

 

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