When it comes to buying a home, there are many things to take into consideration. You need a home that fits your family’s unique needs and desires. You may want to choose a location that’s close to work or school. You may need a home that offers special amenities or features. But, when you put aside these facts, you also have to take into consideration the current real estate conditions in the market you are planning to invest into. This is simply a wise financial decision when making such a big financial decision. If you are thinking about buying a home in Huntsville, there are several things to keep in mind.
Home Values On The Rise
One of the biggest factors in the real estate market in Huntsville right now is the increasing value of homes. As of the start of November of 2016, the median sale price in this community is $156,450. That is about $86 per square foot. This is an increase in the current market. According to reports, the area has seen about a 14 percent increase in home values from November of 2015 to November of 2016. This is one of the highest value increases in the region. Taking this into consideration, it may mean that it is now time to buy a home here.
When home values are rising but inventory remains good, it can make sense to buy a home in the area. Home prices are still very affordable in Huntsville compared to other areas of the metro area. More so, you are still close to all of the good jobs and benefits this city has to offer. With home prices moving up, you may see your investment grow in value in the short term, not just the long term. Work with a local Huntsville real estate agent to get a better idea of what you can expect in this market.