First Quarter Home Sales Information For Our Area



Watch on your mobile device >>

It's that time of the year where we've gotten the first quarter of 2012 homes sales information for our area and the nation. In the Huntsville Madison County market, the good news is that home sales are trending upward.

The National Association of Realtors shows the median home price at $189,900.  Although our median home price went down slightly, our sales have increased. The majority of our buyers closed under the $200,000 mark. As an example, in March 69% of our home sales closed under $200,000.  Only 4% of home sales were above the $400,000 mark.

Local home sales closed 2.6% up over 2011, which is great.  Our in-office sales are up 18.5% which is huge!  Our office just got 8 brand-new VIP exclusive listings. Our VIP buyers get access to our office exclusive listings before anyone else knows that they're available.

My projections for April 2012 show that we will be up over 30% from last year. Plus, we've closed 90% over last year in our home sale numbers. Remember that this time in 2011, our real estate sales numbers were skewed due to the tornadoes that hit.

At Amanda Howard Real Estate, our home sales in March 2012 moved upward by 11% when compared with February.  We remained steady and stable compared with March of last year. This shows that the Huntsville Madison County housing market is actually growing at a steady pace.  Our home sales are continuing to rise, so we anticipate a very busy selling season.  Although our median home prices may show a decrease, that's not related to a slow market.  Instead, it simply shows more activity under the $200,000 price point.

As for available inventory, the number of available properties in March 2012 went up by 1.9% month over month.  However, it decreased by 10.39% compared with March 2011.  Again, this shows improvement in the real estate market.

In addition, March 2012 days on market dropped by 12 days to 120 when you compare it with the previous month of February.  However,  it increased by eight days from the same time last year.

Although these real estate numbers may be confusing, what it shows is an improvement in the market and brisk, steady movement of housing.  We anticipate a busy selling season and would love to help you with any of your real estate needs.  Give us a call or drop us an e-mail with your questions, concerns and needs when it comes to real estate.

1 comment:

  1. The statistical data that has been provided will seriously be of great help to all the real estate business dealers, who are well provoked in these business...

    ReplyDelete