Summer 2018 Huntsville home price update

    Friends and Clients —

    Summer is well on its way, which means the high season for real estate.

    If you’ve been thinking of selling your home, you might be in for a golden moment.

    Let me explain why, with a few details of the current real estate market.

    Right now, homes are selling in record time. This June, the average number of days on the market for the current month was 59 days in Huntsville-Madison County, representing a decrease of 19.2 percent from June 2017.

    Huntsville residential sales for June totaled 794 units, representing an increase of 50 transactions when compared to the 744 units that were sold in June 2017.

    Home prices also continue to rise. In fact, the median sales price in Huntsville for the current month was $220,500, a 16.1 percent increase from June 2017’s median sales price of 190,00.

    All this is due to a short supply of homes on the market. In fact, the total supply of homes is 24.9 percent lower this year than the same time last year. Huntsville residential units listed for sale in the current month decreased by 577 units when compared to the same period last year.

    The underlying economic conditions for Madison County are also strong, as shown by the growth in the population workforce, income, and the GDP. With a growing economy, it’s reasonable to expect that the demand for properties should continue to trend upwards.

    I’ve also included a detailed breakdown of the Huntsville area economic summary. To view the June 2018 report, please click here.

    If you are considering selling your home, you can get started with an estimate of what your home is worth in the current market. Simply use our market analysis tool here to get your free report.

    And if you want an even more accurate estimate, then give us a call at 256-799-9333. We have our fingers on the pulse of the Huntsville real estate market, and we can tell you how quickly — and for how much — you could sell your home.

    Have a great day,

    Amanda Howard Sotheby’s International Realty

     

    This Week’s Closings, Congratulations!

    Huntsville, AL 

    Mr. and Mrs. John and Tammy Hall
    Mr. and Mrs. Andrew and Katherine Spain
    Ms. Jane Houston
    Mr. and Mrs. Tom and Deborah Jenkins
    Mr. and Mrs. Clark and Harolyn Davis
    Mr. and Mrs. Danny and Cynthia Stemple
    Mr. and Mrs. Michael and Melanie Gilton
    Mr. and Mrs. Scott and Julie Ammons
    Ms. Haniya Arends
    Mr. Brodie O’Dell
    Mr. and Mrs. David and Marie McCutcheon
    Mr. and Mrs. Mike and Natalie Huff
    Mr. Clifford Wagner
    Mr. Jarod Atchley
    Mr. DeAndre Malone
    Mr. Eric Coble
    Mr. Donny Baldwin
    Mr. Mario Stanford
    Mr. and Mrs. Marc and Rubiela Arnold
    Mr. and Mrs. Joseph and Meagan Gooding
    J C Road Runner Properties LLC
    Mr. and Mrs. Kenneth and Paula Shontz
    Mr. Ryan Burnette
    Mr. and Mrs. Jarred and Jaroslaw Onuszkanycz
    Mr. and Mrs. Terry and Ginger Duvall
    Ms. Pat Edwards
    Mr. and Mrs. Curtis and Betty Anderton
    Mr. and Mrs. Drew and Sol Persson
    Mr. and Mrs. Ryan and Jodie Wurst
    Mr. and Mrs. Edward and Katherine Linebaugh
    Ms. Jennifer Williams
    Mr. and Mrs. Brett and Summer Neely
    Ms. Jessica Timberlake
    Mr. and Mrs. Vince and Briceland Farrell
    Ms. Stephanie Maples
    Mr. Jason Korff
    Ms. Donna Hasty
    Mr. William F. Bryant
    Scryptfactory, LLC
    Mr. and Mrs. Williams and Toney Neal
    Mr. James and Dr. Terry Ridge
    Mr. and Mrs. David and Carolyn Grandison
    Mr. and Mrs. Corey and Jennifer Clifton
    Ms. Michelle Campbell
    Mr. Dontrell Talley
    Mr. and Mrs. Christopher and Jessica Barlow
    Mr. and Mrs. Joe and Courtney Smith
    Mr. Christopher Crown
    Mr. and Mrs. Gerald and Shantell Pendleton
    Mr. and Mrs. David and Kimberly Carter
    Mr. and Mrs. Charles and Lauren Jay
    Ms. Rachel Rhoades and Mr. Theda Jones
    Mr. Ranny Vinson
    Mr. and Mrs. Ralph and Connie White Jr.
    Ms. Pamela Terry
    Mr. and Mrs. Brian and Scarlet Kanoa
    Mr. and Mrs. Charles and Denise Meyers
    Mr. Edward Siegle

    Hot New Listings for sale in these areas!

    Huntsville
    10126 Brandywine Drive $235,000

    9719 SE Dortmund Drive $185,000

    Limestone/Morgan County
    6066 Bay HIll Drive $599,000

    11051 Cardinal Drive $260,000

    Madison County
    1409 Ascent Trail $170,000

    131 Rainwood Drive $310,000

    4425 Torrance Drive $170,000

    299 Golden Harvest Drive $319,500

    130 Laredo Circle $138,000

    2113 Windover Drive $195,000

    160 Lexi Lane $189,900

    Trackback from your site.

    Categories

    About our blog

    Follow our YouTube Channel and +1 us on Google Plus!


    Equal_Housing

    Archives

    Contact Us Now

    Any questions, comments, or feedback