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!
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
This Week’s New Listings For Sale: