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Huntsville AL Real Estate Market Trends

By: Huntsville Real Estate Expert Mike Manosky On February 28, 2008

Let’s take a look at the sales statistics for Huntsville in January 2008 to see how the year started off:

Huntsville/Madison County Market Statistics 

The Huntsville and Madison County markets experienced a considerable slowdown in activity this January, when compared with January 2007. Sales were down when compared with 2007, but by 26%.  Average sale prices, however, increased by 9% with the average home selling for $193,104.

Average market times increased, with the average home on the market for 111 days vs 84 days in January 2007.  The average price per square foot of home went up 6% to $90.

 

Date

Sold
Listings

Average
List Price

Average
Sale Price

Percent
SP/LP

Average
DOM

Average
Price
SqFt

Jan 2008

327

$197,682

$193,104

97.68%

111

$90

Jan 2007

439

$187,259

$184,246

98.39%

84

$84


If you are planning to buy or sell a home in 2008, or if you want to learn more about Huntsville AL real estate, please contact me at 256-508-0211or visit MoveToHuntsville.com. 

To begin searching for Huntsville AL homes, please use my complimentary MLS search. 

 

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