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January Results: What Does the Increase in Residential Home Sales Mean for You?

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Our January numbers have just come in! We may have experienced a slight delay due to the snow, but I have great news to share. In the Huntsville/Madison area, residential sales improved by 16.3% in comparison to January 2013. As for our housing inventory, we saw a decrease of 19 units in comparison to January 2013 but inventory has risen 4.4% year over year. Also, the inventory-to-sales ratio in January is holding at 9 months of housing supply.

According to the Alabama Center of Real Estate, Huntsville was considered one of Alabama’s most balanced markets in 2013. A breakdown of the current Huntsville sales shows that 72% of sales came from existing single family homes, new home sales accounted for 26% and condo sales took the remaining 2% of sales in the market.

If you would like the Huntsville/Madison median selling price for your school district or subdivision, simply email us for the updated numbers! I hope that these stats and figures were helpful for you. Also if you have any additional questions, feel free to reach out to me! Thanks and have a great day.

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