The Huntsville Metro Area had a great month in July. While sales were off ~20% compared year-over-year, prices strengthened in July ~4% using a price per sqrFt measurement compared with last year. This is indeed a peak price point for our local market.
Inventory (months of supply) has improved from ~8 months of supply in April to ~6.6 months in July within the metro area. This is a natural seasonal improvement, even though sales are off this year as compared to last, they have improved month-to-month since mid winter.
Over the next few months we will be watching inventory closely as the seasonal trend will be fewer sales month to month as we head in to the holiday season.
You can see the details of these reports and subscribe to our Local Market Trends feed which publishes several articles a month regarding the Huntsville Real Estate market @ http://huntsville-realestate.net/category/local-market-trends/
ZIP Code: 35758 Approximate Location Boundaries: Madison and surrounding area
About Elizabeth Cooper:
Elizabeth is a real estate professional with Huntsville-Madison RE/MAX. She has been buying, selling, and investing in real estate for 20 years and has been a professional Realtor for the past 9 years.
As an active Realtor / Investor, Elizabeth has extensive experience and knowledge in residential, new construction, and investment real estate. She has worked closely with investors from around the country and owns investment properties herself. This experience brings many benefits to her clients and she enjoys working with first time home buyers as well as experienced home owners.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
