I was sent this information from Oscar Gonzales, CEO of the Huntsville Area Association of REALTORS and thought it may be of interest to you. North Alabama is still a good market and growing stronger!

Real Estate Sales in the Huntsville, Al area continue to climb in 2009

For the first help of the year home sales in Huntsville Madison County continued on an upward climb pace with home sales in 2008, according to new data prepared by the Huntsville Area Association of REALTORS (HAAR). While 2009 homes sales slipped from the first half of 2008, home sales from May to June 2009 rose by 4.20%.

UNITS SOLD 6 Months Sales Trends

January  February  March  April  May  June

                                      2009        268          284           340        315    420   447

                                      2008        342          352           394        413    489   498

The single family home median price for the first half of the year also kept pace with the trends in 2008, showing a slight decrease of 2.11%. At $172,000, the June 2009 single-family home median price -the figure at which half of the homes sold for more and half sold for less-decreased by 1.71 % in May 2009 and June 2008. Respectively.

Median Homes Price Trends

                           January    February   March        April          May          June

                                        2009      $168,000  $172,000   $159,900  $164,900  $174,925  $172,000

                                        2008      $175,500  $169,000   $165,000  $170,000  $179,000  $175,000

“The Huntsville Madison County real estate market remains very sound and while down from the previous year, still reflects healthy growth and is in line with seasonal cycles characteristic of the industry,” said Cindy Allen, HAAR President.

The number of available properties, or active listings in the first half of 2009 increased by 1.35% more active listings on average compared to 2008. There were however 27 fewer active listings compared to May 2009, reflecting a slight contraction in inventory.

The Huntsville Madison County area month’s inventory of single-family homes for June came in at 7.72 months compared to the national month’s inventory of single-family homes, which is approximately 10.2 months, according to the National Association of REALTORS (NAR).

The June 2009 Days on Market (DOM) decreased by 3 day to 103 compared to may 2009 and June 2008.

Quick Summary

·         For the first half of the year home sales in Huntsville Madison County continued on an upward climb keeping pace with home sales in 2008.

·         The single family home median price for the first half of the year also kept pace with the trends in 2008, showing a slight decrease of 2.11%.

·         The number of available properties, or active listing in the first half of 2009 increased by 1.35% or 38 more active listings on average compared to 2008.

·         The Huntsville Madison County area month’s inventory of single-family homes for June came in at 7.72 months compared to 10.2 months nationally.

·         The June 2009 Average Days on Market (DOM) decreased by 3 days to 103 compared to May 2009 and June 2008.