The National Association of REALTORS® has published the results of its quarterly sales survey and found that the median home price continues to rise in most metropolitan areas. The median is a typical market price – meaning half of all homes sold for more, and half of all homes sold for less.
Lawrence Yun, NAR chief economist, said the data underscores the fact that all real estate is local. "Some metro areas are hot, while others are experiencing localized problems," he said.
The November sales statistics for Huntsville and Madison counties will give us a better idea of our local market:
Huntsville/Madison County Market Statistics
Date | Sold | Average | Average | Percent | Average | Average |
November 2007 | 441 | $211,529 | $207,194 | 98% | 103 | $91 |
November 2006 | 465 | $189,645 | $187,536 | 99% | 87 | $85 |
Remember, as Yun said, all real estate is local and changes from month to month. To get the latest information on Huntsville AL real estate, please call me at 256-508-0211 or visit MoveToHuntsville.com. To receive a complimentary home value analysis, please visit MoveToHuntsville.com.