December Market Report for Huntsville/Madison County

    Today I’m going to be reviewing what happened here in the Huntsville real estate market in December 2014 and what it will mean for you in 2015.

    Mkt Report JPEG

    • Huntsville/Madison County residential sales increased by 4.4% from December 2013, and sales also improved by 21.9% from November 2014.
    • Huntsville housing inventory stood at 3,320 units, which is an increase of 450 units from last December. This is also 21% higher than the 5-year December average.
    • Inventory to sales ratio stood at 8.3 months of supply, which puts us in a balanced market here in Huntsville.
    • The Median sales price was $169,900, which is a decrease of 7.5% from December 2013.

     

    Overall, we ended on a positive note here in Huntsville because  so many homes sold and closed at the end of the year in 2014. This is great news for you if you plan on entering the real estate market in 2015!

     

    Stay tuned, we will analyze what happened in our local real estate market in 2014 as a whole.

     

    As always, please contact me with any questions you might have regarding real estate in Huntsville!

     

    This Week’s Closings, Congratulations!

    Mr. and Mrs. Andrew Pleasanton

    Mr. Lee C. Sanders

    Ms. Holley Kelley of HALICO, LLC

    Mr. Randy Owen

    Mr. Daniel Burns

    Mr. and Mrs. James Church

    Mr. and Mrs. Frank White

    Ms. Leslie Schiber

    Mr. and Mrs. Chris Strickland

    Mr. Christopher Fears

    Ms. Irasema Hall

    Mr. Richard Knox

    Ms. Dana Cave

    Mr. Wesley David

    Ms. Loretta Boyett

    Mr. Christopher Roberts

    Mr. William Thompson

    Mr. Brian Childs

    Ms. Shea Lones Cooley

    Mr. and Mrs. Mark Varenhorst

    Ms. Janet Elderkin

    Mr. and Mrs. Ardeshar Dutia

    Ms. Emory Esterly

    Mr. Jared Dulaney

    Ms. Jessica Frogue

    Mr. and Mrs. Keagan Murphy

    Mr. and Mrs. Brain Hite

    Mr. David Tipton

    Ms. Judy Huggins

    Norman and Beverly Stanek

    Ms. Katie Hamaker

    Mr. and Mrs. Johnathan Fritz

    Mr. and Mrs. Paul Bray

    This Week’s New Listings For Sale:

    106 Misty Hollow Way, $253,000

    104 Gas Lamp Circle, $345,000

    1804 Mountainbrook Drive, $349,900

    105 Thistledowns Drive, $120,000

    1234 Keel Mountain Road, $187,500

    105 Wallhaven Drive, $150,000

    110 Otter Trail, $155,000

    1402 West Market, $89,900

    26877 Thomas Edward Drive, $179,900

    206 Riverwalk Trail, $375,000

    309 Saddlegate Drive, $154,000

    716 Willow Shoals Drive, $162,000

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