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The Numbers from the April 2018 Huntsville Market Are In

The market numbers for April 2018 are in, and I want you to be the first to see them.

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On today’s episode of “Monday Morning Coffee,” we are discussing the market numbers for April 2018.

In comparing last year’s stats to this year’s, we’re continuing to see an increase in sales and home values, while seeing a decrease in the available inventory. Our North Alabama residential sales overall totaled 661 homes, which represents an 11% increase in sales compared to the same period last year.

We also saw an increase in the average sales price by more than 6%, coming in at nearly $225,000. Additionally, the average list price for our Huntsville-Madison area is just over 5%, sitting at $228,000.

How long does it take to get a home off the market? Well, the average days on market decreased by 35%, taking us to a jaw-dropping average of 60 days on the market.

We’re currently looking at two months of available inventory, which verifies that we’re still in a strong seller’s market. It also means we continue to have more buyers looking for homes than we have available.

For sellers, this is great news.


Buyers, on the other hand, need to make sure that they’re acting fast and working with a specialist to make their offers strong so that they can win the best homes.

As for the first quarter review, the real estate industry performed at record levels. Sales of residential properties in the first quarter of 2018 increased significantly compared to 2017 and prior years.

New listings of properties for sale have grown at a slower pace compared to the sales, resulting in a continued decline in properties listed for sale. Average and median sales prices continued to rise with the increased number of transactions.

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 market numbers for you in the chart below. To view the entire first quarter report of 2018, please click here.

If you or someone you know is interested in buying or selling a home, please feel free to reach out to us. We’d be happy to help!

This Week’s Closings, Congratulations!

Mr. Devin Rosin

Mr. Neil Desai

Mr. and Mrs. Ross and Dana Metcalf and Ms. Peggy Wilbourn

Mr. Gary D. Joyce

Mr. and Mrs. Donald and Mary Anne Morton

Ms. Conni Sullivan

Ms. Danielle Griffin and Mr. Jeffrey Woodward

Ms. Susan Maples

Mr. Jeffery Graham

Mr. and Mrs. Edward and Carol Aycock

Mr. and Mrs. Greg and Charlotte Thompson

Mr. Charles Franklin

Mr. and Mrs. Joseph and Laura Ferguson

Mr. Jacob Harris

Mr. and Mrs. Phillip and April Shaw

Mr. and Mrs. Franklin and Karen Newsome Jr.

Mr. and Mrs. Bryan and Julie Baldwin

Mr. and Mrs. Terry and Panisha Stigger

Ms. Stephanie Horton

Mr. Brandon Laseter

Ms. Anne Diekmann

Mr. Michael Williams

Ms. Jennifer Williams

Mr. Robert Turner

Mr. and Mrs. Ricky and Maxine Bonta

Mr. Taylor Smith

Mr. Earl Cain

Mr. Matthew Baity and Ms. Amanda Lamartiniere

Ms. Laura McCamy

Mr. and Mrs. Marge and Haley Loveday

Mr. and Mrs. Andrew and Barbara Gallagher

Mr. and Mrs. Ahmad and Farideh Alavi

Mr. and Mrs. Richard and Patricia Carrol

Mr. and Mrs. Thomas and Kelly McInnis

Mr. and Mrs. Ladislaus and Diane Morvay

Mr. and Mrs. Roger and Dolores Stephenson

Mr. and Mrs. Vernon and Marianne Diekmann

Mr. and Mrs. Robert and Darla Mayo

Mr. and Mrs. Michael and Bonnie Chappell

Mr. and Mrs. Robert and Sherry Shepard

Hot New Listings For Sale:


    2639 Bonita Circle SW $180,000

    2511 Andrew Jackson Way $118,000

    6600 Grean Meadow Road $130,000

    Limestone/Morgan County

    1408 Brownstone Ave $138,000

    Madison County

    5202 Highway 431 $825,000

    128 Madelyn Drive $326,750

    4026 Windswept Drive $189,900

    3423 Old Railroad Bed Road $488,500

    131 Spearpoint Lane $269,900

    235 Shady Lane $225,000

    1117 Opp Reynolds Road $125,000

    113 Stony Crossing Road $312,890

    116 Mill Park Lane $359,000

   120 Amelia Drive $246,500

    140 Joe Fletcher Drive $139,000

    164 Jones Road $175,000

    205 Harborview Drive $544,900


   1023 Hillcrest Road NW $575,000

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