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Huntsville Real Estate Sales Statistics – May 2011

By: Huntsville Real Estate Expert Mike Manosky On June 23, 2011

As expected, May saw an upswing in home closings. The increase in the number of closings is partly due to the April 27th tornadoes. The storms pushed many of the April closings into May. The sales numbers also showed there were approximately 70 less homes sold compared to May 2010 when the first time buyer tax credit was in place.

It is a great time to buy in the Huntsville market. Interest rates for a 30 year mortgage are in the 4.5% range. Prices are very affordable and the selection is great. Let us know if we can help you find a great Huntsville area home.

Now take a look at the Huntsville real estate sales for May.

Madison County/Huntsville Real Estate Sales Statistics 

Huntsville and Madison County saw an increase of 37% in sold listings in May 2011 when compared to April 2011.  The average sales price decreased by 8% to $189,303.  The average price per square foot decreased by 17% in May 2011 when compared to April 2010.  And the average list price decreased by 8%, while homes were on the market the same amount of days as April 2011.

Date Sold Listings Average List Price Average Sale Price Percent SP/LP Average DOM Average Price Sqft
May 2011 394 $195,907 $189,303 94.61% 99 $76
Apr 2011 250 $ 212,187 $ 205,243 95.26% 99 $92

For more information about Huntsville AL real estate, please visit MoveToHuntsville.com or call me at 256-508-0211. 

Having lived in the Huntsville AL area for most of his life, Mike Manosky understands exactly what makes this community special.  In fact, those who know him well will tell you he carries the same traditional values and focus on the future as Huntsville. 

Mike brings with him a keen eye for the details of buying or selling a Huntsville AL home and seemingly boundless determination and energy, which is why his clients benefit from his unique brand of real estate service. Rooted in Tradition, Focused on the Future – Mike Manosky will help make the most of your Huntsville AL real estate experience. Give him a call today, 256-508-0211 Direct or 800-803-0053 Toll Free, and discover the difference he can make during your family’s move.

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Statistics are based on information for the North Alabama Association of Realtors and are deemed reliable but not guaranteed.

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