Huntsville AL Real Estate Trends - Sept 2011
A buyer purchasing a typical American home at the prevailing average mortgage rate today would have a mortgage payment of $698 a month. This figure is not much different from what a home buyer would have faced 30 years ago. In 1981, home prices were much lower but mortgage rates were reaching 18 percent. Today, home prices have come down by about 33 percent on average from the bubble years, but prices still remain comfortably higher than those of the 1980s. However, thanks to record low mortgage rates, the monthly payment obligations have been greatly reduced. This should be good news and bring new buyers into the market. However, very tight underwriting standards, unfortunately, are keeping some good, hard-working Americans from taking advantage of the super affordable condition.
Now take a look at the Huntsville's real estate sales for September.
Madison County/Huntsville AL Real Estate Sales Statistics
Huntsville and Madison County saw an increase of 3% in sold listings in September 2011 when compared to August 2011. The average list price increased 4% to $199,173 and the average sales price increased by 4% to $199,173. The average price per square foot decreased by $9 per square foot, while market times increased by 15 days.
Date |
Sold Listings |
Average List Price |
Average Sale Price |
Percent SP/LP |
Average DOM |
Average Price Sqft |
September 2011 |
423 |
$199,173 |
$193,593 |
96.79% |
100 |
$71 |
August 2011 |
409 |
$191,012 |
$186,229 |
96.88% |
85 |
$80 |
.
Having lived in the Huntsville AL area for most of his life, Mike Manosky understands exactly what makes this community special. In fact, those who know him well will tell you he carries the same traditional values and focus on the future as Huntsville.
Mike brings with him a keen eye for the details of buying or selling a Huntsville AL home and seemingly boundless determination and energy, which is why his clients benefit from his unique brand of real estate service. Rooted in Tradition, Focused on the Future - Mike Manosky will help make the most of your Huntsville AL real estate experience. Give him a call today, 256-508-0211 Direct or 800-803-0053 Toll Free, and discover the difference he can make during your family's move.