Huntsville’s real estate market remains stable to improving in the face of national housing bubble burst.

Taking into account seasonal variation the Huntsville market grew steadily throughout 2009. December 2009’s median selling price was $169,900, up nearly 3 percent from December 2008. 400 homes were sold last December an increase of over 34 percent from December 2008. The average days on market for homes sold in December was 88 days an reduction of 27 days compared to 115 days in December 2008.

Home sales and prices in the Huntsville Real estate market remained relatively steady with signs of improvement last year. Sales of larger more expensive homes were slower causing the median sales price to slip a bit. The median home sale in 2009 was $168,317, compared with $172,733 in 2008 and $169,275 in 2007. The slipping of sales prices of more upscale homes was cause by a combination of overbuilding in anticipation of the influx of BRAC positions, more stringent home mortgage guidelines and of course the slowing economy.