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Huntsville Real Estate Sales Statistics – October 2009

By: Huntsville Real Estate Expert Mike Manosky On November 20, 2009

Congress has voted to extend the current higher Fannie Mae, Freddie Mac and FHA loan limits through 2010. The present loan limits would expire at the end of 2009 and revert to previous lower limits. The higher limits, along with the home buyer tax credit extension, are necessary to keep the markets moving at this critical time,” said National Association of Realtors President Charles McMillan.

“Home sales have shown significant movement upwards in the past six months and reduced inventory in some segments of the housing market, but not in all. Home purchases in the middle-income and higher brackets have not moved much, and those markets must improve before we can experience a fully sustained housing recovery. These higher loan limits will help motivate qualified home buyers to purchase in those markets,” McMillan said.

Let’s look at October Madison County and Huntsville real estate sales to see how the housing recovery is progressing in Huntsville AL

Madison County/Huntsville Real Estate Sales Statistics 

Huntsville and Madison County saw an increase of 17% in sold listings when compared to September 2009.  The average sales price decreased by 3% to $183,835.  The average price per square foot remained consistant with September 2009.  And the average list price decreased by 3%.  While homes were on the market an average of 6 days less than September 2009.   

Date

Sold
Listings

Average
List Price

Average
Sale Price

Percent
SP/LP

Average
DOM

Average
Price
SqFt

Oct 2009

466

$187,810

$183,835

97.96%

68

$83

Sept 2009

388

$193,417

$188,152

98.06%

74

$83

For more information about Huntsville AL real estate, please visit MoveToHuntsville.com 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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