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Huntsville Real Estate Sales Statistics – May 2010

By: Huntsville Real Estate Expert Mike Manosky On June 25, 2010

Take a look at how Huntsville real estate sales statistics in May compared to April.

Madison County/Huntsville Real Estate Sales Statistics

Huntsville and Madison County saw an increase of 5% in sold listings when compared to April 2010.  The average sales price increased by 5% to $195,646.  The average price per square foot increased by 5% when compared with April 2010.  And the average list price increased by 5%, while homes were on the market an average of 14 days less than April 2010.

Date Sold Listings Average List Price Average Sale Price Percent SP/LP Average DOM Average Price Sqft
May 2010 469 $200,280 $195,646 98.18% 73 $84
Apr 2010 447 $190,874 $186,651 97.28% 87 $80

The increase in sales is a positive. However, much of the increase is a result of the expiring homebuyer tax credit’s as well as seasonal activity. In addition to the increased sales, there has been an increase in the amount of inventory on the market compared to the same time last year. On average, we currently have between a 9-12 months supply of homes currently on the market in all price ranges.

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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