Homes Sales for the Period of January 2010 to May 2012



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Homes Sales for the Period of January 2010 to May 2012 reflect a healthy Huntsville Madison County housing market in spite of uncertainty surrounding the global economy according to new data prepared by the Huntsville Area Association of REALTORS® (HAAR). Home sales rose in May 2012 by 16.58 percent compared to May 2011.



The single-family home median price – the figure at which half of the homes sold for more and half sold for less – held steady between January 2010 to May 2012 unlike many housing markets around the country that showed median price dips of up to 40 percent. Median home prices in May 2012 rose by 6.65 percent from the previous month to $168,500.












"Huntsville Madison County is certainly one of the bright spots in the national housing market. We share market reports with other Realtor Associations around the country and we certainly are not the norm especially when compared to markets that have not seen any sort of recovery. One variable that makes us stand out from the rest is that a large percentage of our sales is new home construction (around 30% on average) which is virtually unheard of in most of the country," said Oscar Gonzales, HAAR CEO.

Available Properties

The number of available properties (active listings) also held steady for the period between January 2010 and May 2012 averaging 3,067 active listings. Significant fluctuations in inventory can artificially impact home prices in response to supply and demand.

The Huntsville Madison County area month’s inventory of single-family homes for May 2012 came in at 7.92 months compared to the national month’s inventory of single-family homes, which was approximately 6.6 months in May 2012 according to the National Association of REALTORS® (NAR).












Days on Market

The May 2012 Average Days on Market (DOM) fell by 12 days to 106 compared to Aprils 2012s 118 days and increased by 5 days from May 2011.

Month’s inventory estimates the number of months it will take to deplete current active inventory based on the prior 12 months sales activity. This figure is representative of the single-family homes market.












Real Estate Milestones in May


Homes sales for the period of January 2010 to May 2012 reflected a healthy Huntsville Madison County  housing market in spite of uncertainty surrounding the global economy.

The single-family home median price held steady between January 2010 to May 2012 unlike many housing markets around the country that showed median price dips of up to 40 percent. Median home prices in May 2012 rose by 6.65 percent from the previous month to $168,500.

The number of available properties (active listings) also held steady for the period between January 2010 and May 2012.

The May 2012 Average Days on Market (DOM) fell by 12 days to 106 compared to Aprils 2012s 118 days and increased by 5 days from May 2011.

Here are the total statewide residential Sales from May 2002 to May 2012


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The computerized Multiple Listing Service, the North Alabama Multiple Listing Service (NALMLS) subsidiary of the Huntsville Area Association of REALTORS® includes residential properties and new homes listed by 2,700
Realtors in North Alabama. Residential listing information for more than3,000 properties may be found on the

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 and Amanda Howard Real Estate does not verify the informatioprovided and disclaims any responsibility for its accuracy. All data is preliminary and subject to change. Monthly sales figures reported include statistical estimation to account for late entries. Twelve-month totals may vary froactual end-of-year figures.

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