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Huntsville AL Real Estate Market Trends – April 2012

By: Huntsville Real Estate Expert Mike Manosky On May 30, 2012

Housing and the economic recovery will play a large part in deciding the outcome of the 2012 presidential election, according to public policy experts at this month’s Legislative and Political Forum during the Realtors® 2012 Midyear Legislative Meetings & Trade Expo. Former Republican National Committee Chairman Michael Steele, leading Democratic strategist Celinda Lake, and National Economic Council Director Gene Sperling provided their unique insights into issues affecting the long-term direction of the country.

“As the leading advocate for homeownership, the National Association of Realtors® is working closely with policymakers to ensure that mortgages are more readily available for qualified buyers and real estate investors,” said NAR President Moe Veissi, broker-owner of Veissi & Associates Inc., in Miami. “We believe efforts that help creditworthy homebuyers obtain mortgage financing and allow more people to stay in their homes or avoid foreclosure through streamlined short sales are important for a housing and economic recovery.”

Lets take a look at April sales figures for Huntsville and Madison County.

Madison County/Huntsville AL Real Estate Sales Statistics

Huntsville AL and Madison County saw an increase of 19% in sold listings in April 2012 when compared to March 2012. The average list price decreased by 1% to $183,429 and the average sales price decreased by 1% to $178,267.  The average price per square foot increased by 3%, and market times decreased by 9 days.

Date Sold
Listings
Average
List Price
Average
Sale Price
Percent
SP/LP
Average
DOM
Average
Price Sqft
April 2012 443 $183,429 $178,267 97.23% 97 $79
March 2012 358 $185,206 $179,952 97.09% 106 $77

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

 

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

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