The Huntsville Business Journal, in partnership with the Huntsville Area Association of Realtors (HAAR), is pleased to present a new feature to the Real Estate Update column: weekly updates on the state of the Huntsville/Madison County residential real estate market. With reports coming in with greater frequency, and in greater detail, the column will be […]
The Huntsville Area Association of Realtors (HAAR) has announced that it will be hosting two courses to certify North Alabama realtors as Military Relocation Professionals (MRP). The National Association of Realtors created MRP certification to train realtors in navigating the specific needs of military clients, both active duty and retired. The first course will be […]
We’ve all been watching as inflation has risen, with interest rates growing alongside. To better understand what this means for the Huntsville real estate market, the Huntsville Business Journal sat down with Chris Hulser, the incoming President-Elect of the Huntsville Area Association of Realtors (HAAR). A realtor since 2008, Husler will be assuming the Presidency […]
The Huntsville Area Association of Realtors has released its monthly report for the month of August, 2022. Madison County homes spent an average of 11 days on the market, a stark contrast to the national average of 42 days. Despite the continued quick pace of sales in the county, Madison County experienced a 100% increase […]
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 […]
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