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Huntsville Real Estate Sales Statistics – September 2010

By: Huntsville Real Estate Expert Mike Manosky On October 26, 2010

Despite economic uncertainty, 68 percent of those surveyed in the 2010 National Housing Pulse Survey, conducted by the National Association of Realtors, still believe now is a good time to buy a home; while that number is down from last year (75 percent), it’s up from 2008 (66 percent) and 2007 (59 percent). Lower home prices and record-low mortgage interest rates are attracting buyers to the housing market – more than one-fourth of renters said they are thinking more about buying a home than they were a year ago. Sixty-three percent of renter respondents said that owning a home is a priority in their future, and nearly 40 percent said it was one of their highest priorities.

Americans are seeing more stability in the real estate market. Nearly seven out of 10 believe that home values have stabilized in their area; the same number expects home sales to remain about the same through the end of the year.

While nearly seven out of 10 say it’s harder to sell a home in their area today than it was a year ago, it’s less of a concern from last year when the number was 10 percentage points higher. This is most likely the result of lower home inventories.

Take a look at how the Huntsville real estate market fared in September compared to the previous month.

Madison County/Huntsville Real Estate Sales Statistics

Huntsville and Madison County saw an decrease of 5% in sold listings in September when compared to August 2010.  The average sales price increased by 3% to $215,122.  The average price per square foot decreased by 2% in September 2010 when compared to August 2010.  And the average list price decreased by 1%, while homes were on the market an average of 16 days less than in August 2010.

Date Sold Listings Average List Price Average Sale Price Percent SP/LP Average DOM Average Price Sqft
Sept 2010 333 $212,088 $215,122 98.56% 72 $81
Aug 2010 352 $214,173 $207,709 96.89% 88 $83

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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