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Huntsville Real Estate Market Update- Job Growth Fueling a Balanced Market

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Huntsville/ Madison County has consistently been one of Alabama’s most balanced markets in 2014. Today, we have a residential sales report to strengthen the argument and also give some great information on our market. Here are some of the highlights of that report:

  • Year-to-date sales remain virtually the same as last year.
  • Inventory of existing single family homes is up 7% this month.
  • Overall inventory is around 6.9 months, a very solid number for this time of year.
  • We have broken down our sales by type of home. Existing single family homes make up 78% of our sales, with new home sales accounting for about 19% and condos remaining the same at 3%.
  • The number of residential home sales have improved 15% this past month, while pricing on these homes has remained about the same.
  • Our area has been a hotbed for job growth. More jobs equal more home sales, which in turn equals more production, consuming, and support of local businesses.

If you have any questions or would like more information on the Huntsville real estate market, please call or email us today. We would love to talk to you.


This Week’s Closings, Congratulations!

Mr. Leo F. Collins

Mr. and Mrs. Garfield Olton

Ms. Michelle Marbury

Mr. and Mrs. Lance Proctor

Mr. Nicholas T. Grilliot

Mr. and Mrs. Michael Foxworth

Mr. and Mrs. Allen Bacskay

Mr. Michael Hollifield

Mr. and Mrs. Russell Ward

Mr. and Mrs. Curt Belshe

Mr. and Mrs. Matthew Eslick

Dr. and Mrs. Kirk Jackson

Ms. Jennifer Reyes

Ms. Casey RobinsonMs. Tammy Hodges


This Week’s New Listings For Sale:

388 Pine Grove Road $139,900

2504 Yorkshire Drive $87,000

4825 Inglewood Court $184,900

804 Mullins Hill Drive $600,000

36 Northampton $352,000

238 Bermuda Lakes Drive $99,900

555 Lake South Drive $289,900

418 Harolds Drive $115,000

161 Ford Chapel Drive $595,000

132 Anna Kathryn Drive $219,900

7009 Southgate Drive $300,000

238 Rosecliff Drive $175,000

111 Lullwater Way $328,000

327 Harvestwood Court $145,000

1526 Chandler Road $580,000

16553 Timberlane Drive $459,900

110 Cannes Drive $250,000

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