(From release) 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® (HAAR). 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.
"Stable median home prices are an indicator of the homebuyer and sellers confidence in a market. The fact that we see Huntsville Madison County home prices remain stable speaks to the healthy condition of our market,” said Oscar Gonzales, HAAR CEO.
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 months inventory is 6 months
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.
No Responses to “Huntsville median home prices climb; sales dip slightly from last month”