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