Huntsville/Madison County Market Statistics
FreddieMac.com reports interest rates have been inching down for the past three weeks. This is icing on the cake for Huntsville area home buyers coming into the spring buying season. Spring is when most sellers sell offering the maximum choice to buyers. Buyers in many markets around the country are benefiting from lower pricing than in 2006. but that is not the case in Huntsville. Take a look at the numbers.
The average sales price increased in February 2007 by approximately $17,023 or 10 percent from February 2006 to $180,724. The price per square foot, also, increased by 8 percent to $86 per square foot.
The number of homes sold increased during this time period by 9 percent or 10 homes, as market times increased by 4 percent or 4 days. Even the SP/LP ratio is up compared to February 2006 with homes selling for 100.02 percent of their list price.
|
Date
|
Sold
LIstings
|
Average
List Price
|
Average
Sale Price
|
Percent
SP/LP
|
Average
DOM
|
Average
Price
SqFt
|
|
Feb 2007
|
452
|
$180,688
|
$180,724
|
100.02%
|
93
|
86
|
|
Feb 2006
|
442
|
$165,953
|
$163,701
|
98.64%
|
89
|
80
|
Sales are up. Prices are up. SP/LP ratios are up. What a great market we are in!! And with falling interest rates, the perfect time to buy or sell Huntsville real estate.
If you are thinking of buying a home? You can get a daily email list of new homes for sale as they hit the market by visiting HuntsvilleHomeHunter.com. It is fast, easy and FREE!
Statistics are based on information for the Huntsville Chamber of Commerce and are deemed reliable but not guaranteed.
