Huntsville Real Estate Sales Statistics – August 2010
Home sales will remain soft in the months ahead, but improved affordability conditions should help with a recovery, according to the National Association of Realtors. The recovery looks to be a long process with job numbers being lower than expected in the last couple of months. However, affordability could reach a generational high in the second half of this year because of rock-bottom mortgage interest rates. The loan underwriting standards are tighter, but home buyers can improve their chances of getting a loan by staying well within their budget.
Take a look at how the Huntsville real estate market fared in August.
Madison County/Huntsville Real Estate Sales Statistics
Huntsville and Madison County saw an increase of 7% in sold listings in August when compared to July 2010. The average sales price decreased by 7% to $207,355. The average price per square foot increase by 6% in August 2010 when compared to July 2010. And the average list price decreased by 7%, while homes were on the market an average of 1 days more than July 2010.
| Date | Sold Listings | Average List Price | Average Sale Price | Percent SP/LP | Average DOM | Average Price Sqft |
| Aug 2010 | 350 | $213,772 | $207,355 | 96.52% | 88 | $82 |
| July 2010 | 327 | $229,042 | $222,405 | 97.00% | 89 | $77 |
On average, we have between a 9-12 months supply of homes currently on the market in all price ranges.
For more information about Huntsville AL real estate, please visit MoveToHuntsville.com or call me at 256-508-0211.
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Statistics are based on information for the North Alabama Association of Realtors and are deemed reliable but not guaranteed.
