Market update for the Madison County, Alabama area for August 2010

Wow, the Huntsville/Madison area market update for August! August was quite a slower month for much of this area. It is definitely a buyers market with inventory high, prices dropping (in some areas) and interest rates at an all time low.

I am seeing an upswing in sales already for the month of September and can't wait to see what the numbers are.

BOARDS: HUNTSVILLE AREA ASSOCIATION OF REALTORS

Month: August, 2010

AREA

SALES

TOTAL $

AVG PRICE

% OF LIST

AVG DOM

HOMES FOR SALE

01 (HSV CITY NW)

              46

$5,432,098

    $118,089

      96.64%

             88

            385

02 (HSV CITY NE)

13

$1,395,650

$107,358

95.33%

174

146

03 (HSV CITY SW)

53

$8,938,327

$168,648

97.13%

121

445

04 (HSV CITY SE)

35

$9,856,413

$281,612

94.21%

132

491

05 (MAD CITY LIMITS)

51

$14,657,631

$287,405

96.76%

122

533

4E (HSV CITY EAST)

37

$10,915,800

$295,022

99.24%

103

248

5X (MAD OUTSIDE CITY)

49

$9,973,953

$203,550

98.13%

129

433

61 (MAD CO NW)

22

$3,199,134

$145,415

97.48%

95

272

62 (MAD CO NE)

46

$8,808,164

$191,482

97.76%

147

447

63 (MAD CO SW)

2

$257,074

$128,537

102.15%

54

5

64 (MAD CO SE)

6

$1,087,756

$181,293

86.31%

170

50

All numbers are from the MLS and are deemed reliable but not guaranteed as of 09/08/10.

 

Diane Casale, Coldwell Banker First
 

 

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DIANE CASALE, REALTOR, ABR, SNP

256-679-6470

Coldwell Banker First

Huntsville, Alabama

 

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Comment balloon 0 commentsDiane Casale • September 08 2010 11:32PM

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