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Huntsville Real Estate Sales Statistics – August 2010

By: Huntsville Real Estate Expert Mike Manosky On September 23, 2010

Home sales will remain soft in the months ahead, but improved affordability conditions should help with a recovery, according to the National Association of Realtors. The recovery looks to be a long process with job numbers being lower than expected in the last couple of months. However, affordability could reach a generational high in the second half of this year because of rock-bottom mortgage interest rates. The loan underwriting standards are tighter, but home buyers can improve their chances of getting a loan by staying well within their budget.

Take a look at how the Huntsville real estate market fared in August.

Madison County/Huntsville Real Estate Sales Statistics

Huntsville and Madison County saw an increase of 7% in sold listings in August when compared to July 2010.  The average sales price decreased by 7% to $207,355.  The average price per square foot increase by 6% in August 2010 when compared to July 2010.  And the average list price decreased by 7%, while homes were on the market an average of 1 days more than July 2010.

Date Sold Listings Average List Price Average Sale Price Percent SP/LP Average DOM Average Price Sqft
Aug 2010 350 $213,772 $207,355 96.52% 88 $82
July 2010 327 $229,042 $222,405 97.00% 89 $77

On average, we 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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