The numbers are finally in for the month of July here in Huntsville. Here’s a quick rundown of what we’ve seen:
- Active listings: 3,276 homes available in the Madison County area
- Inventory: 7.1 months
- Homes sold in July: 460 – down 17% from last year
- Median sales price: $173,000 – down 3% since this time last year
- Average days on market: Up slightly at 109 days
As you can see, the numbers are down a little bit from last year. However, it’s important to remember 2013 was one of best years in real estate we’ve seen in quite some time. We would like inventory to be at 6 months, but the 7.1 we have now isn’t far from a healthy, neutral market. Overall, this isn’t a bad place to be heading into the fall.
You can read the full report here if you’re interested in a more detailed analysis. Since market conditions vary by neighborhood, don’t hesitate to give us a call for more information about what’s going on in your particular area. Thanks, and have a great week!
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This Week’s Closings, Congratulations!Mr. and Mrs. Russell McGuire Mr. and Mrs. MIchael Zimmerman Mr. and Mrs. Brian Rainey Mr. and Mrs. William Wadlington Mr. Shane McCormick Ms. Mindy Ivey Mr. Chad Wilson Mr. and Mrs. Kim Upper Mr. and Mrs. Bryan Cleve Mr. Lewis Aycock Mr. Christopher Nona Ms. Katherine Heffelfinger Mr. Richardo Williams Mr. and Mrs. Ted Oliver Mr. and Mrs. William Hamren Jr. Mr. and Mrs. John Hancock Mr. David Robinson Mr. James Gleason Mr. Marcus McCall Mr. and Mrs. Emmett Martz Mr. John Wells Mr. Lance West Mr. and Mrs. Lewis Knox
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This Week’s New Listings For Sale:25852 Cobblestone Lane $280,000 1501 Ravenwood Circle $119,900 10306 SE Foothill Circle $184,900 104 Cotton Bend Drive $127,500 3643 Elkwood Section Road $115,000 13219 Newby Plantation Lane $275,000
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