Huntsville Real Estate Market Report - Madison, Alabama
Huntsville, Alabama - Madison
| Market Commentary Provided by John Morley & Rob Abercrombie If you can qualify, now is an exceptional time to buy a home in Huntsville. Low rates with falling home prices makes a home purchase a great value! Call now for more information at John 256-382-3737 or Rob 256-652-9500 |
| Report Date | Fall 2009 |
CONNECT WITH A LOCAL PROFESSIONAL 
John Morley & Rob Abercrombie
Keller Williams Realty Huntsville, Alabama John 256-382-3737 or Rob 256-652-9500 JohnandRob@agents.househunt.com Agent Home Page  |
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| Nearest Metro Area | Huntsville | ||||
| Buyers’ or Sellers’ Market | More sellers than buyers | ||||
| Average Time on Market | 90-120 days | ||||
| Market Trend | Increasing | ||||
| Housing Inventory | Good supply - Some Prices | ||||
| Average Home Price | $175,000 - View Graph Trend | ||||
| Best Selling Price Range | $150,000 - $199,000 | ||||
| Worst Selling Price Range | $400,000 - $449,000 | ||||
| Compared to Last Year | Up 0-5% | ||||
| Prices As % of Asking Price | 95-100% | ||||
| Multiple Offers? | Yes | ||||
| Greatest Activity | Repeat Buyers | ||||
| Buyer Activity for the past 90 days in Huntsville is | No Change | ||||
| Seller Activity for the past 90 days in Huntsville is | No Change | ||||
| Is Financing Available For Qualified Buyers in Huntsville? | Yes | ||||
| Existing Home Prices for the past 90 days are | No Change | ||||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% | ||||
| Housing Hot Spots | Most cities within the Madison County area are considered 'Housing Hotspots' | ||||
| Reason to Buy/Sell | Job Growth | ||||
| Average Sold Price | $175,000 - View Graph Trend | ||||
| National Real Estate Market | |||||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... |
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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
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