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Huntsville AL Real Estate Market Trends – March 2012

By: Huntsville Real Estate Expert Mike Manosky On April 27, 2012

The increases in FHA mortgage guarantee costs that took effect on April 1 have many home buyers asking, “What do these increases mean to me when I get an FHA loan?”  Megan Booth and Rob Freedman with Realtor.tv break down the facts in this informative video.

Lets take a look at March figures.

Madison County/Huntsville AL Real Estate Sales Statistics 

Huntsville AL and Madison County saw an increase of 16% in sold listings in March 2012 when compared to February 2012. The average list price increased by 2% to $185,206 and the average sales price increased by 2% to $179,952.  The average price per square foot decreased by 5%, and market times decreased by 3 days.

Date Sold Listings Average List Price Average Sale Price Percent SP/LP Average DOM Average Price Sqft
March 2012 358 $185,206 $179,952 97.09% 106 $72
February 2012 299 $182,127 $176,165 96.99% 109 $76

 

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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