Home Sales Swell in First Half of 2012



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Homes sales surged by 15.79 percent in the first half of 2012 when compared to the same period in 2011 according to new data prepared by the Huntsville Area Association of REALTORS® (HAAR).  Home sales rose by 309 units in the six month period ending June 2012 to 2,266 when compared to 2011’s 1,957 sold units.

At $164,360 the average single-family home  median price – the figure at which half of the homes sold for more and half sold for less – for the first half of the year fell by 4.13 percent compared to 2011’s $171,440 due to the increase in home sales in the $200,000 and under price range.


"The Huntsville/Madison County housing market continues to show steady and sound growth. Our market has not experienced the extreme cycles that many areas of the country have demonstrated.  During the recession, at least for the housing market, steady growth was rare; we exceeded that expectation," said Oscar Gonzales, HAAR CEO.

Available Properties
The average number of available properties (active listings) in the first half of 2012 fell by 7.76 percent to 2,871 compared to the same period in 2011 which posted inventory of 3,112.

The Huntsville Madison County area months inventory of single-family homes for June 2012 came in at 7.9 months compared to the national month’s inventory of single-family homes, which was approximately 6.6 months for June 2012 according to the National Association of REALTORS® (NAR).

Days on Market
The June 2012 Average Days on Market (DOM) fell by 1 day to 105 compared to May 2012’s
106 days and down by 1 day from June 2011.

 Months 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 for Period Ending June 2012
Homes sales surged by 15.79 percent in the first half of 2012 when compared to the same period in 2011.

At $164,360 the average single-family home  median for the first half of the year fell by 4.13 percent compared to 2011’s $171,440.

The average number of available properties (active listings) in the first half of 2012 fell by 7.76 percent to 2,871 compared to the same period in 2011 which posted inventory of 3,112.

The June 2012 Average Days on Market (DOM) fell by 1 day to 105 compared to May 2012’s
106 days and down by 1 day from June 2011.

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