Tag Archive for: ValleyMLS

Real Estate Update: Sales continue to rise despite drop in new listings

The Huntsville Area Association of Realtors (HAAR) has compiled its report for the Huntsville/Madison County real estate market, dated to the last week of July.  New listings for single-family units decreased by 17.4%, even as inventory increased 14.2% for that same period. With sales continuing their modest rise – a 0.4% increase in this instance […]

Real Estate Update: NAR Declares Housing Recession Over

Real estate reports for the month of June have been released, and the expert prognosis is that the worst is behind us.  “The recovery has not taken place, but the housing recession is over,” announced Lawrence Yun, the Chief Economist of the National Association of Realtors. “The presence of multiple offers implies that housing demand […]

Interest Rates Unlikely To Return To 3% Anytime Soon

Current homeowners hoping to sell, who are holding back in the hopes of soon re-entering the housing market with the sort of super-low interest rates seen during the pandemic are likely to be disappointed, according to the National Association of Realtors.  “One can never truly predict the future, but I don’t see mortgage rates returning […]

HAAR Releases May Monthly Report

The Huntsville Area Association of Realtors (HAAR) has released their monthly report on the state of the local residential real estate market, analyzing sales in Huntsville-Madison County for the month of May.  Homes continued the trend of staying on the market much longer than the previous year, with homes spending an average of 34 days […]

Real Estate Update Special Edition: Advice for Prospective Homeowners

For National Homeownership Month held in June, the Huntsville Business Journal asked the Huntsville Area Association of Realtors (HAAR) about what would-be homeowners can do to navigate the current market conditions, and make the best financial decisions for their households.  But before getting into those tips, HAAR President Chris Hulser offered some insights as to […]

Abbie Kate Hancock, Huntsville Area Association of Realtors. Top 40 under 40

Abbie Kate Hancock is a communication graduate from Mississippi State University. She is a tenacious communicator and life-long learner with a skill set in strategizing, public relations, marketing, event planning, and social media management. She possesses strong interpersonal skills through maintaining working relationships with fellow employees and volunteers at the Huntsville Area Association and REALTORS® […]

May, June Best Months for Selling Homes

Analysis from ATTOM Data Solution shows that, nationally, May has historically been the best month for selling a home, with an average premium of 12.8% above list price when selling during that month. June is the second-highest average month for home sellers, with an average premium of 10.7%.  With that said, statistics compiled by the […]

Real Estate Tips for Success in 2023

2022 was a year marked with a sharp, shocking rise in inflation and then interest rates, which reverberated throughout the real estate market.  Despite these events, and the subsequent slowdown of the housing market, the prognosis for Huntsville’s real estate market for 2023 is surprisingly positive. As reported earlier this month, the National Association of […]

New Financing Limits Set for 2023 As Housing Market Continues to Cool

Weekly statistics for the Huntsville/Madison County residential real estate market, compiled by the Huntsville Area Association of Realtors (HAAR), continues to show a trend of general slowdown.  The report, accurate as to December 10, 2022, shows that both new listings and pending sales for single-family units continued to decrease, with listings down 27% and pending […]

November Report Shows Effects of Market Squeeze

The Huntsville Area Association of Realtors (HAAR) has released its report on the state of the region’s real estate market for the month of November.  The immediate takeaway is that the effects of the interest shock are continuing to work their way through the market. While the inventory of both single-family units and townhouse/condos have […]