Huntsville Real Estate Sales Statistics – January 2010

By: Huntsville Real Estate Expert Mike Manosky On February 19, 2010

Home sales surged in the fourth quarter of 2009 with many areas seeing double digit gains according to the National Association of Realtors. Total existing-home sales (single-family and condo) jumped 13.9 percent above the third quarter and 27.2 percent above the fourth quarter of 2008. Distressed property sales accounted for 32 percent of the fourth quarter transactions, down from 37 percent from 2008.

Lawrence Yun , NAR chief economist, said the first-time home buyer tax credit, combined with record low interest rates, played a dominant role in fourth quarter sales. Yun went on to say, “With inventory levels trending down over the past 18 months, we expect broadly balanced housing market conditions in much of the country by late spring with more areas showing higher prices.”

Take a look at how Huntsville real estate sales statistics in January 2010 compared to January 2009.

Madison County/Huntsville Real Estate Sales Statistics

Huntsville and Madison County saw a decrease of 14% in sold listings when compared to January 2009.  The average sales price decreased by 7% to $189,639.  The average price per square foot decreased by 1% when compared with January 2009.  And the average list price decreased by 7%, while homes were on the market an average of 12 days less than January 2009.

Date Sold Listings Average List Price Average Sale Price Percent SP/LP Average DOM Average Price Sqft
Jan 2010 220 $195,999 $189,639 96.89% 84 $85
Jan 2009 256 $210,712 $204,312 97.21% 96 $84

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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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