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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
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This Week’s New Listings For Sale:804 Mullins Hill Drive $600,000 238 Bermuda Lakes Drive $99,900 161 Ford Chapel Drive $595,000 132 Anna Kathryn Drive $219,900 327 Harvestwood Court $145,000 |
