homes of huntsville

Source; Alabama Real Estate. ACRE
July residential sales of homes of Huntsville totaling 414 units in greater Huntsville/Madison County area represent a 5.3 percent slip compared to July 2011.
July represents the first month since November 2011 that the sales growth percentage did not increase when compared to the same month from the prior year.

Huntsville residential* sales for July '12 totaled 414 units, representing a decrease of 23 transactions when compared to 437 units that were sold in July '11.
By Product Type (% of Total Sales)
2012 2011
Existing SF: 294 (71%) 307 (70%)
Condo: 12 (3%) 8 (2%)
New Const. 108 (26%) 122 (28%)
*Residential = existing single family, condo, & new construction The median selling price in Huntsville in July 2012 was $178,000, a 3.8 percent decrease from July 2011's median selling price of $185,000.
By Product Type (Y-O-Y Comparison)
2012 2011
Existing SF: $155,950 $160,000
Condo: $109,000 $68,000
Monthly Indicators
Recent Figures
Trends
Total Residential Sales
Current Month
July
2012
414
vs. Prior Month
June
2012
462
-10.4%
vs. Last Year
July
2011
437
-5.3%
vs. 5-Yr Avg
July
'07-'11
492
-15.8%
vs. Peak
July
2007
632
-34.5%
vs. Trough
July
2010
353
17.3%
Sales Pace Mirrors…
July
2011
437
-5.3%
ACRE Commentary
Historical Home Sales
Graph: July 2007 - 2012
July
2011
437
(By month)
"Historical data indicates that July residential sales on average („07-„11) decrease from the month of June by 5.8 percent. July 2012 sales decreased by 10.4 percent from the prior month."
July
2010
353
July
2009
497
July
2008
539
July
2007
632
5- Year Avg:
492
3- Year Avg:
429
Median Sales Price
Current Month
July
2012
178,000
vs. Prior Month
June
2012
175,000
1.7%
vs. Last Year
July
2011
185,000
-3.8%
vs. 5-Yr Avg
July
'07-'11
181,960
-2.2%
Year to Date
July
2011
166,307
vs.Prior Year
July
2010
173,374
-4.1%
Median Peak
July
2010
200,000
-11.0%
Trough
July
2007
174,900
1.8%
ACRE Commentary
Historical Median Selling Price
Graph: July 2007 - 2012
July
2011
185,000
(By month)
"Historical data indicates that July median sales prices on average („07-„11) increase by 2.9 percent from the month of June. The current median price increased by 1.7 percent from the prior month."
July
2010
200,000
July
2009
175,000
July
2008
174,900
July
2007
174,900
5- Year Avg:
181,960
3- Year Avg:
186,667
New Const: $250,000 $249,344 632 414 340 390 440 490 540 590 640 Huntsville: Total Residential Sales 174,900 200,000 178,000 $171,000 $176,000 $181,000 $186,000 $191,000 $196,000 $201,000 Huntsville: Median Residential Price

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