Huntsville Housing is solid

I know the national news says it's bad, but unlike much of the rest of the country, Huntsville Alabama real estate is doing very well. Sales per month are holding solidly. January was the lowest month with 404 homes sold. June was the highest month with 608 homes sold. The total homes sold from January 01, 2007 through November was 5421. These numbers only reflect the reported realtor information and excludes sales such has huntsville for sale by owner.

The average sales price for Huntsville homes for sale was $199,790. The average list price was $203,043. Homes sold on average within about 2% of the asking price. Many have said it is a buyer's market in our region. The market is softening some on what the seller is willing to give up but the sales price is staying relatively level.

As we watch the montly average sales volume there is another trend to watch, the huntsville luxury home market. Five years ago home price ranges were from $80,000 - $400,000 those numbers have signifcantly increased to $125,000 - $2,000,000. Thes years is even strong into December.

Huntsville has had positive reports from national publications this year. We have been in the top 100 best places to live, in the top 100 best economies, top 100 best real estate investments. With the move of Brac and the announcement of new companies moving to the area, we are expecting to see continued growth for several years.

Many of my clients do not want to live directly in Huntsville or even in madison count. So, I have been directing many of them to Arab Alabama real estate. Arab offers a simpler less hectic life style. There would be about 30 miles of commuting for those who wish to work in Huntsville. Several clients want to live in the country with a good view of the mountains or valley. They can have both in Arab.

posted by Bryan Pearl at 3:20 PM