Homes of huntsville sales up 3.6%; Huntsville al mls

September 10th, 2012 7:22 PM

SOURCE; ACRE
Homes of Huntsville; Alabama home sales during July 2012 up 3.6 percent from 2011. July new home sales in Alabama's five metro markets, representing approximately seventy percent of all statewide transactions, experienced a 17.5 percent decrease from the prior month. Sixty percent of metro areas have experienced YTD increase in new home sales compared to 2011 with Montgomery (up 24%) posting the best results followed by Tuscaloosa (18%) and Birmingham (15%). YTD new home sales have declined in Mobile (down 22%) and Huntsville (down 6%). Demand: In July, Alabama new home sales were outperformed by the US market which reflected an increase of 25.3 percent from July 2011 and up 3.6 percent from the prior month, according to the US Census Bureau & HUD. The release also reported that the results from the South region were up 9.7 percent from July 2011 but 1.6 percent down from last month. View full sizeAL YTD residential building permits up 4.1% from 2011. Infograph courtesy of ACRE. All rights reserved. Supply: Statewide new construction inventory has declined by approximately 13 percent from last July which is consistent with US trend (down 14%). All metro markets have experienced reductions in inventory since July 2011. Birmingham (down 19%), Mobile (-17%) and Huntsville (-9%) led the state in inventory reduction. Alabama's metro markets in July reflect 4.8 months of new home supply, an increase from 4.6 months of supply in July 2011 and down from 4.1 months from June 2012. According to the US Census Bureau, the US inventory of new homes for sale decreased to 142,000 homes or 4.6 months' supply, also a big improvement from 6.7 months of supply in July 2011 (down 31%). Pricing: Alabama's metro market's median new home sales price in July was $221,886, a decrease of 2.2 percent from last month and an increase of 2.4% when compared to July 2011. New Home Pipeline: July statewide housing starts decreased by 2.5 percent from the prior month and decreased 1.8 percent from July 2011. YTD housing starts are up 3.4%. July statewide building permits were down 3.4 percent from the prior month and 6.2 percent from July 2011. YTD building permits are up 4.1%. Residential Construction Employment: According to the Alabama Dept. of Industrial Relations, statewide residential construction employment was up 1.1 percent (700 jobs) to 61,400 from last month but remains down 6.9 percent or 4,600 workers from July 2011. Local Results: 9 out of the 27 home builder associations (33 - up from 30% in prior month) reported gains in building permits from the prior month (June 2012) while 9 associations (33% - down from 37%) reported gains in housing starts. As the market transitions into the third quarter of 2012, statistical volatility is anticipated. Real estate sales are seasonal and third quarter sales typically begin to gradually decline from the prior "sales peak" second quarter. Through July, seventy-two percent (18 of 25) of the local housing markets have experienced year-to-date (ytd) sales growth from 2011 and that is welcome news for Alabama consumers as well our state's real estate community. On the other hand, continued anemic US job creation/economic growth, strict underwriting standards, uncertainty of election (ie 2013 tax policy) and the global economic slowdown top the list of concerns that market watchers cite as elements that could possibly impact the fragile housing recovery. For other Alabama real estate resources & news, please visit our website and our ACRE blog. The ACRE New Construction Monthly Report is work product stemming from our partnership with the Home Builder's Association of Alabama Foundation. About ACRE. ACRE was founded in 1996 by the Alabama Real Estate Commission, the Alabama Association of REALTORS and the Office of the Dean, UA Culverhouse College of Commerce. ACRE is not a state-funded entity, rather its operates in part because of the goodwill & generosity of our statewide ACRE Partners.
SOURCE; HAAR
Agent Advertising Remarks for ListHub Advertising Remarks are now appearing when entering or changing a listing. in the Huntsville AL MLS. There is some confusion regarding this new field. Below is an explanation of where the different Remarks fields appear: Agent Remarks: These remarks appear on any Agent Report option and are not viewable by anyone but NALMLS member agents. Customer/Public Remarks: These remarks appear on any Customer Report option and travel to Huntsville AL MLS www.valleymls.com, www.realtor.com, and all other Broker/Agent IDX sites. Agent Advertising Remarks: These homes of Huntsville remarks only travel on listings sent to ListHub. ListHub is a portal that distributes our Active Listings (IDX format) to over 90 third party advertising sites such as Zillow and Trulia. You are encouraged to enter your contact information at the beginning of these remarks and then complete with public remarks. WHY do we have this field? As you are aware, your contact information gets really buried on these sites, and agents that pay to advertise get their contact information displayed up front, thus you lose leads! Currently, of the 8000+ active listings in NALMLS, only 1122 active listing have advertising remarks filled in. We cannot start sending Advertising Remarks to ListHub until a reasonable amount of listings contain this field because remarks will be totally blank on these sites. Please take a few minutes and enter information on all of your active listings.
"RISK MANAGEMENT" AND "FORMS" CE CLASSES The following Continuing Education (CE) classes will be offered on Saturday, September 22nd: Risk Management (required)....3 hours of CE credit..9-12 am.....Instructor: Walt Hennessee Forms (elective).......................3 hours of CE credit..1-4 pm.......Instructor: Walt Hennessee There have been many requests to offer these classes during the week, so..... Risk Management (required) will be offered on Tuesday, Sept. 25th, from 5:30PM til 8:30PM, Forms will be offered on Thurs. 27th, from 5:30PM til 8:30PM. The classes will be held at the Rise School of Real Estate located at 3603 Memorial Pkwy SE, Huntsville, AL 35801 (Next to Robin Rents). Parking is available at the back of the building. Cost is $25 (cash or check) for each class....there is no charge for the fun we have. Space is limited, so call (256) 656-3325 to reserve your seat. If you do not want or need the CEs, you are welcome to attend either class at no charge. This is a good opportunity for new agents to be exposed the the Risks associated with our profession and the "tools of our trade", Forms.