ValleyMLS.com and the Huntsville Area Association of Realtors reported today that the number of active available listings of homes for sale in Madison County is 988, a figure lower than the Multiple Listing Service (MLS) has seen since 1998, when inventory data was first recorded.
The area’s recent success in job and population growth has led to low housing inventory numbers, while new construction and skilled labor to build new houses have battled to keep up with the trend.
“Today’s inventory milestone tells us that, whether you’re expanding or downsizing, there has never been a better time to sell a home,” said Cindi Peters-Tanner, 2020 ValleyMLS.com chair. ”If you were on the fence, these numbers should tell you that now is the time to find a Realtor and list your property.”
HAAR President Sha Jarboe said civic and business leaders should work together to respond to the low inventory numbers.
“We must all re-double our efforts across all organizations and levels of government to ensure we have the housing available for the thousands of new residents expected over the next five years,” Jarboe said. “Foremost, that requires attracting the skilled workers necessary for our local construction companies to keep up with demand.”
Founded in 1948, the Huntsville Area Association of Realtors is engaged in every aspect of the industry, including residential/commercial sales and leasing and appraisal. HAAR also maintains ValleyMLS.com, the leading real estate source in North Alabama.