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Huntsville AL Real Estate Market Trends – Nov 2011

By: Huntsville Real Estate Expert Mike Manosky On December 21, 2011

A recent survey by Houselogic.com, the consumer website from the National Association of Realtors®, finds that jobs and the housing market will be two of the most important issues for voters in the 2012 election. Nearly one-third of respondents said housing will be the top issue on their mind when they head to the polls next November.

Respondents were asked “What issue area will have the greatest impact on your vote in 2012?” National security, healthcare, and energy/environment trailed housing and unemployment by wide margins:

  • Jobs/unemployment – 54 percent
  • Housing – 27 percent
  • National security – 8 percent
  • Healthcare – 4 percent
  • Energy/Environment – 2 percent
  • Other – 4 percent

With unemployment still high, it is easy to see why so many Americans are concerned about the job market. However, employment and the housing market are inextricably linked because economic growth and job creation cannot occur without a housing recovery.

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

Madison County/Huntsville AL Real Estate Sales Statistics 

Huntsville AL and Madison County saw an increase of 9% in sold listings in November 2011 when compared to October 2011.  The average list price decreased 3% to $192,808 and the average sales price decreased by 3% to $186,888.  The average price per square foot dropped by $7 per square foot, while market times decreased by 10 days.

Date Sold Listings Average List Price Average Sale Price Percent SP/LP Average DOM Average Price Sqft
November
 2011
330 $192,808 $186,888 95.94% 85 $68
October
2011
302 $197,775 $192,107 96.73% 95 $75

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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.

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

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