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Posts Tagged ‘Market Statistics’

Huntsville, Alabama Home Sales Statistics - March 2009

Monday, May 18th, 2009

The Huntsville, Alabama home sales Market Statistics for March 2009 may be reviewed below.

HUNTSVILLE REAL ESTATE
MARKET STATISTICS ~ MARCH 2009
# Existing Single Family Homes Sold This Month Average List Price Average Sold Price Average Days on Market List Price vs. Sale Price %
327 $183,271 $178,558 90 97.43%
Area # of Sales in March '09 Avg Sales Price March '09 Avg Sales Price February '08 Trend
HSV CITY NW 43 $87,130 $100,987 DOWN
HSV CITY NE 17 $117,925 $140,689 DOWN
HSV CITY SW 36 $156,335 $194,687 DOWN
HSV CITY SE 42 $204,720 $214,885 DOWN
MAD CITY LIMITS 39 $210,533 $274,171 DOWN
HSV CITY EAST 26 $294,713 $267,965 UP
MAD OUTSIDE CITY 42 $193,184 $221,672 DOWN
MAD CO NW 28 $134,225 $136,652 DOWN
MAD CO NE 49 $203,563 $168,830 UP
MAD CO SW 1 $163,000 - UP
MAD CO SE 4 $131,975 $118,033 UP

Huntsville realtors report that the Madison County area saw the most positive movement in sales during this period, which is indicative of families with children to be drawn toward - looking to be surrounded by the same type of families.  This is the same for the Huntsville South East area, where subdivisions such as Somerset Lake are very popular, providing newer homes priced in the mid to high $200K's and Marina Park with higher end properties for sale, from the mid $500K's to the high $700K's.  Another popular high-end subdivision here is The Ledges of Huntsville Mountain, which you can learn more about in a previous blog of mine. 

The average number of days a Huntsville, Alabama home took to sell dropped significantly in March versus in February (down by almost 2 weeks), which is great news for home sellers.  And even though the average sales price of homes dropped month over month, the percentage that the home sold for versus what it was listed for increased.  

With the nearing of the end of another school year, more families will be on the move this coming summer (before their children will be starting up their next school year).  If you have been looking to buy or sell your Huntsville Alabama home, please contact me.

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