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Huntsville Real Estate Sales Statistics – December 2010

By: Huntsville Real Estate Expert Mike Manosky On January 28, 2011

The 2011 real estate market forecast depends on who you talk to. There are conflicting signs but most experts predict a slow growth in sales nationwide. Real estate guru Barbara Corcoran has this to say about buying a home in 2011:

“Of course people are nervous about buying with so many mixed signals, but my advice would be: Do not wait. If there’s one thing I learned about this real estate is that it’s very slow to unwind and usually takes years to do it. But once it decides to turn around, those prices move up very quickly, and you’ll just be joining every Tom, Dick and Harry bidding on the same house. If you have an inclination to move, you’ll get no better time than now, with cheap money, cheap prices and an embarrassment of riches to choose from. Why wouldn’t you buy now if you were so inclined? The only thing you need is a little courage.”

Madison County/Huntsville Real Estate Sales Statistics

Huntsville and Madison County saw an increase of 13% in sold listings in December when compared to November 2010.  The average sales price increased by 5% to $205,625.  The average price per square foot decreased by 9% in December 2010 when compared to November 2010.  And the average list price increased by 5%, while homes were on the market an average of 11 days more than in November 2010.

Date Sold Listings Average List Price Average Sale Price Percent SP/LP Average DOM Average Price Sqft
Dec 2010 349 $211,594 $205,625 96.10% 96 $73
Nov  2010 305 $200,826 $195,255 97.18% 85 $80

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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