Did the Huntsville Real Estate Market End Soft or Strong in 2011?



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Median home prices in Huntsville Madison County rose in November 2011 and from the previous year according to new data prepared by the Huntsville Area Association of REALTORS®.   At $173,974 the November 2011 single-family home median price – the figure at which half of the homes sold for more and half sold for less – rose by 4.98 percent from October 2011 and by 3.65 percent from November 2010.



Homes sales dipped in November by 5.15 percent from the previous month and by 11.33 percent compared to November 2010.



Available Properties

The number of available properties (active listings) in November 2011 decreased by 2.51 percent month over month and decreased by 7.59 percent compared to November 2010.

The Huntsville Madison County area month’s inventory - how many months it would take to exhaust the current inventory assuming the current sales pace – of single-family homes for November 2011 came in at 8.35 months compared to the national month’s inventory of single-family homes, which was approximately 8.0 months in October 2011 according to the National Association of REALTORS® (NAR). The ideal month’s inventory is 6 months, so as you see we are nearing the balanced inventory mark.


Days on Market

The November 2011 Average Days on Market (DOM) fell by 26 days to 90 compared to October 2011’s 116 days and increased by 3 days from November 2010.






Real Estate Milestones in November
At $173,974 the November 2011 single-family home median price rose by 4.98 percent from October 2011 and by 3.65 percent from November 2010.

Homes sales dipped in November by 5.15 percent from the previous month and by 11.33 percent compared to November 2010.

The number of available properties (active listings) in November 2011 decreased by 2.51 percent month over month and decreased by 7.59 percent compared to November 2010.

The November 2011 Average Days on Market (DOM) fell by 26 days to 90 compared to October 2011’s 116 days and increased by 3 days from November 2010.

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The information published and disseminated to the North Alabama Multiple Listing Service (NALMLS) is communicated verbatim, without change as filed by MLS participants. The MLS does not verify the information provided and disclaims any responsibility for its accuracy. All data is preliminary and subject to change. Monthly sales figures reported include a statistical estimation to account for late entries. Twelve-month totals may vary from actual end-of-year figures. 


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