United Real Estate Announces Second North Alabama Expansion

United Real Estate has made another move to solidify their foothold in the growing Huntsville Metro becoming a top three brokerage in the area in the process. On Tuesday it was announced that United’s Leading Edge Real Estate Group and Revolved Realty have merged operations.  Leading Edge was the first local real estate operation that […]

HAAR Releases May Monthly Report

The Huntsville Area Association of Realtors (HAAR) has released their monthly report on the state of the local residential real estate market, analyzing sales in Huntsville-Madison County for the month of May.  Homes continued the trend of staying on the market much longer than the previous year, with homes spending an average of 34 days […]

Real Estate Update Special Edition: Advice for Prospective Homeowners

For National Homeownership Month held in June, the Huntsville Business Journal asked the Huntsville Area Association of Realtors (HAAR) about what would-be homeowners can do to navigate the current market conditions, and make the best financial decisions for their households.  But before getting into those tips, HAAR President Chris Hulser offered some insights as to […]

Huntsville Area Association of Realtors Releases Q1 Economic Report

The Huntsville Area Association of Realtors (HAAR), in association with the UAH College of Business, has released its Huntsville Area Real Estate Economics Report for the first quarter of 2023.  The most dramatic difference between Q1 2023 and the same quarter the previous year was the 171.5% increase in units on the market.  Additionally, many […]

Real Estate Update: March Stats Show High Demand for Madison County

The Huntsville Area Association of Realtors (HAAR) has released its monthly report on the state of the residential real estate market for the month of March.  The average sale price in Madison County continued to rise, reaching $368,000, up from $333,000 for March the previous year.  However, this is an outlier for Huntsville/Madison County specifically, […]

Multifamily Boomtown: Huntsville, Alabama

The Rocket City is experiencing a multifamily boom more explosive than has ever been experienced. As of December 31, 2022, our independent research indicates a total of 62 apartment communities comprising 14,685 units were actively under construction, while more than 30 other properties comprising 9,479 units were in planning. For an area with a total […]

Real Estate Update: Mortgage Rates Hover at 6%

According to Freddie Mac, the national average interest rate for a 30-year fixed-rate mortgage has been declining slightly over the past three weeks, with the national rate reaching a low of 6.32% for the week of March 30, 2023.  This dip in rates has led to an uptick in new mortgage applications, with the Mortgage […]

Huntsville’s Spring Home Buying Guide

It’s April, and spring is in full swing, with its warm weather and enough pollen in the air to choke a yak. For those in the business of real estate, spring also represents the revitalization of the market, as both buyers and sellers shake off winter seasonal malaise and get back down to business.  April […]

Women leaders to gather in Huntsville to build a house for Habitat for Humanity

Women Build brings together women in the community to lend a helping hand – or in this case, a hammer – to support each other.  Habitat for Humanity of the River Valley, which serves Madison and Limestone County, will be holding a “Women Build” starting April 29th. Women Build brings together women from all walks […]

Housing supply continues to increase, but can it meet demand?

The latest weekly report from the Huntsville Area Association of Realtors (HAAR), dated for the week ended March 18, demonstrates that the inventory of homes for sale in Huntsville/Madison County has continued to increase.  The inventory of single-family units saw a 92% increase, up to 2,508 homes, while townhouses and condo units saw a 66% […]