Inventory of residential real estate units continues to climb from its nadir of last year, both nationally and here in Huntsville. Reporting from the University of Alabama’s Center for Real Estate tracks real estate inventory listed for sale in the Huntsville area dating back to October 2012. From a peak of 3,192 in October of […]
According to Federal Reserve Economic Data (FRED), the national rate of homeownership across the United States saw a slight uptick in Q3 2022. The percentage of owner-occupied homes rose 0.6 points relative to Q3 2021, to a total of 66%. This increase occurred despite the inflation and mortgage rate shocks that jolted the market this […]
The Huntsville Area Association of Realtors (HAAR) has released their monthly statistics for the month of October, 2022. At a total of 630 residential units sold in Madison County, down from 825 in October the previous year, the slowdown is shown in stark relief. Houses stay on the market for an average of 14 days, […]
The numbers are in for Madison County’s residential real estate market, for the week ending October 29, 2022. Much of the new inventory on the market is in townhouses and condos, which are typically more affordable than single-family units. In the month of September of this year, townhouse/condo units sold for, on average, $243K, compared […]
The Huntsville Area Association of Realtors (HAAR) has released its report, compiled by faculty of UAH’s College of Business, on the state of Madison County’s residential real estate market for 3Q 2022. The statistics reported shed more light on shifts that we’ve been tracking, putting them into context with both the previous quarter and the […]
The national real estate market has reeled at the sharp increase in mortgage rates, as 30-year fixed mortgage rates have topped 7% for the first time in over twenty years. Sounds bad, and it has many wondering if numbers will continue to get worse. Freddie Mac has compiled the average rates on mortgages, organized by […]
The Huntsville Business Journal is proud to provide its readers with detailed information on the real estate market in Madison County, as compiled by ValleyMLS and the Huntsville Area Association of Realtors (HAAR). This week’s update analyzes residential real estate sales in Madison County for the week ending on October 15, 2022. Sales for both […]
The Huntsville Area Association of Realtors has released their statistics for the month of September. The quick takeaway is that, as expected, the residential real estate market has decelerated from the fevered pace of 2020 and 2021. Houses on the market in Huntsville/Madison County are now spending an average of 14 days on the market, […]
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 […]
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