Real Estate Update: July Monthly Report Shows Dip in Closed Sales, Median Sales Price

The Huntsville Area Association of Realtors (HAAR) has released its monthly report for the Huntsville/Madison County market for the month of July.

The report shows that closed sales in all properties have dipped by 8.7% from July of 2024, and the median sales price in all properties has seen a 1.8% decrease as well.

The median sales price for a single-family home in the Huntsville area reached $345,439, a decrease of 2.8%, but townhouse/condo units saw a 0.9% increase in median sales price, to $300,000.

New listings for single-family units were up by 2.7%, but townhouse units have seen a 55.1% decrease in new listings. Similarly, pending sales for single-family homes were up by 13.3%, but townhouses were down by 10.9%.

Properties took longer to sell in July than the previous year, with the average days on market for single-family homes sitting at 42, up from 39, and townhouse units taking an average of 66 days to sell, an 88% increase from the previous year, where they sold at an average of 35 days on the market.

Inventory for single-family homes has increased by 8.7%, but inventory of townhouse units is down by 36.4%.

On the national scale, the National Association of Realtors (NAR) reports that home sales nationwide dipped 2.7% from June to July of 2025. The South as a region saw a slight decline in monthly sales, but the July figures represent an increase in year-to-year sales figures for the region.

The Producer Price Index (PPI) report for July shows an annual rate of inflation for core producer prices at 3.3%. Combined with the weak jobs report for July, and the market will need to cool its expectations for a Federal Reserve interest rate cut.

“The large spike in the Producer Price Index this morning shows inflation is coursing through the economy, even if it hasn’t been felt by consumers yet,” wrote Chris Zaccarelli, chief investment officer at Northlight Asset Management. “Given how benign the CPI numbers were on Tuesday, this is a most unwelcome surprise to the upside and is likely to unwind some of the optimism of a ‘guaranteed’ rate cut next month.”

The Huntsville Business Journal will continue to monitor market conditions, both nationally and here at home.