Huntsville Weather Factor In Lower Home Sales

We have had an unusually bad winter with lots of snow and ice. This has kept local and out of town buyers from moving ahead with home purchases. With the return to warmer weather and a more normal weather pattern, we expect sales to return to a typical number of sales. Interest rates are still very low and we expect lots of activity in the upcoming spring market.

Madison County/Huntsville Real Estate Sales Statistics

Huntsville and Madison County saw a decrease of 28% in sold listings in January 2011 when compared to December 2010. The average sales price decreased by 6% to $190,681. The average price per square foot increased by 23% in January 2011 when compared to December 2010. And the average list price decreased by 6%, while homes were on the market an average of 13 days less than in December 2010.

Date	Sold Listings	Average List Price	Average Sale Price	Percent SP/LP	Average DOM	Average Price Sqft
Jan 2011	250	$196,943	$190,681	97.13%	85	$95
Dec 2010	345	$209,832	$203,679	96.08%	98	$73

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Statistics are based on information for the North Alabama Association of Realtors and are deemed reliable but not guaranteed.

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