The Huntsville Area Association of Realtors’ (HAAR) report for the month of July has been released. These figures suggest that the reverberations of the pandemic disruptions to the residential real estate market have largely settled out. 802 homes sold in Madison County last month, down from 930 sold in July of 2021, and even a […]
The Huntsville Area Association of Realtors has released its Q2 report for the year of 2022. This report illustrates continuing trends in the price, inventory, and average sale time of residential real estate properties in Madison County. The overall inventory of homes for sale rose 125% in Q2 2022, with the lion’s share of those […]
The Huntsville Area Association of Realtors’ (HAAR) Economic Report for Q1 2022 illustrates the rapid inflation that has hit all aspects of American economic life. The rate of inflation hit 8% in March, a four-fold increase since that month the previous year. With the 8% inflation rate far outstripping the approximately 2% increase in median […]
The Huntsville Area Association of Realtors has released real estate statistics for the month of June. In tandem with Realtor.com’s recent survey of the national market, these latest reports confirm that, with the pandemic conditions mitigated and new sellers entering the market, the inventory of single-family homes listed for sale in Madison County has more […]
Back in May, for the first time in five years, residential sales in Huntsville dipped. According to the University of Alabama’s Culver College of Business, sales of residential units slowed by 4.4% compared to the first quarter of 2021. While housing sales – and prices – have been soaring nationwide, Huntsville has been in a […]
The buyers market enjoyed by house hunters at the height of the COVID-19 pandemic, when mortgage interest rates fell to record lows, is no longer. The numbers now favor sellers and will continue to do so in the near future with interest rates rising at a rapid pace. Rates for a 30-year fixed mortgage, which […]
As house hunters and their real estate agents are well aware, the real estate market has been rather volatile over the past year with rapidly rising home prices and an alarming shortage of listings. First-time buyers are finding themselves priced out of the market, with houses selling quickly and well over asking price. In addition, […]
The Huntsville Area Association of REALTORS® (HAAR) recently published its 2021 Annual and 4th Quarter Real Estate Economics reports. For those of you who have been following the regional housing market over the past few years, the numbers may not come as a big surprise. Despite facing down a pandemic for the past two years, […]
As the end of 2021 nears, homebuyers and sellers are eagerly anticipating, or perhaps dreading, what the next year will have to offer in the Huntsville metro area housing market. This past year’s market has been particularly eventful with demand greatly exceeding supply, multiple offers placed on homes within a very short period of time […]
The housing market is like a freight train barreling down the tracks with no signs of stopping or even slowing down as it approaches the station. According to Josh McFall, CEO of the Huntsville Area Association of Realtors, there is no better time to list a home, but that does not mean our region is […]
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