Homes for sale huntsville Huntsville Alabama Real Estate

From Oscar Gonzales, CEO  Huntsville Area Association of REALTORS®:

Huntsville Home Sales Reach a Nine-Month High in May

Huntsville, AL — (June15, 2009) — May home sales for the Huntsville Madison County area reached a nine-month high increasing by 26.57 percent compared to April, according to new monthly data prepared by the Huntsville Area Association of REALTORS® (HAAR). The increase in home sales from April to May 2008 rose by 18.4% while April to May 2009 home sales increased by 26.57%, reflecting a net 8.17 percent increase comparatively.  At $175,000 the May single-family home median price – the figure at which half of the homes sold for more and half sold for less – increased by 6.12 percent from April 2009 and decreased by 2.2 from May 2008. “The overall U.S. economy is beginning to show signs of recovery in spite of the national layoffs and company closures we hear about. The Huntsville Madison County area was not impacted like most of the country and our housing market remains healthy which is reflected in the sound numbers for May,” said Oscar Gonzales, HAAR CEO.

Available Properties

The number of available properties, or active listings, at the end of May increased by .27 percent from May 2008 to 2,879. There were 22 more active listings (.77%) than April 2009, reflecting a well balanced inventory. The Huntsville Madison County area month’s inventory of single-family homes for April came in at 7.70 months compared to the national month’s inventory of single-family homes, which is approximately 10.2 months, according to the National Association of REALTORS® (NAR).