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Huntsville AL Real Estate Market Trends – July 2013

By: Huntsville Real Estate Expert Mike Manosky On July 30, 2013

New data on Americans’ rising net worth is good news for the economy. Figures from the National Association of Realtors® show household net worth has completely bounced back from the recession and reached a new peak of over $70 trillion in the first quarter of 2013. During the recession, household and non-profit net worth dropped by more than $15 trillion.

So what is fueling the increase? NAR research points to recovering home and stock prices and a reduction in debt as the driving forces. Real estate accounts for $18 trillion of the $83 trillion in household assets, and owner’s equity in household real estate is $9 trillion of the $70 trillion in net worth. Find out what your home is worth.

Take a look at sales figures in our local real estate market for June 2013.

Madison County/Huntsville AL Real Estate Sales Statistics

Huntsville AL and Madison County saw an increase of 5% in sold listings in June 2013 when compared to May 2013. The average list price increased by 2% to $201,663 and the average sales price increased by 3% to $196,262.  The average price per square foot increased by $2 per square foot when compared with May 2013, and market times decreased by 13% or 13 days.

Date

Sold
Listings

Average
List Price
Average
Sale Price
Percent
SP/LP
Average
DOM
Average Price
Sq Ft
June
2013
502 $201,663 $196,262 93.32% 86 $83
May
2013
478 $197,834 $190,556 96.32% 99 $81

 

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

To see all Huntsville/Madison County AL homes for sale, 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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