One of the things we like to do for our buyer clients, especially those that are relocating to Huntsville, is to provide a market condition snapshot of their favorite areas and limit our analysis to their explicit price range. Then during their house hunt visits we will focus our showings in their favorite areas with this valuable knowledge available in the event our client wishes to make an offer.
In this post we take a brief look at the $200k – $300k market segment across the different Huntsville Real Estate metro areas. The compiled statistics will show each area’s current (May 1, 2008) supply, demand, absorption rate, price appreciation rate, and the associated market type (Buyer or Seller) all illustrated in the following graphic:
Huntsville/Madison Metro Area $200k – $300k Market Segment Snapshot |
|||||
---|---|---|---|---|---|
Market Segment | Demand Per Month |
Current Supply |
Months of Supply |
Last-Year’s Appreciation |
Market Type |
Northwest Huntsville | 1.75 | 31 | 17.71 | 2.08% | Buyer |
Northeast Huntsville | 0.5 | 11 | 22 | 11.7% | Buyer |
East Huntsville | 8.5 | 49 | 5.76 | 3.0% | Balanced |
Southeast Huntsville | 13.25 | 92 | 6.94 | 3.1% | Transitional |
Southwest Huntsville | 9.5 | 72 | 7.58 | 0% | Buyer |
Madison City Limits | 16.25 | 131 | 8.06 | 0% | Buyer |
Madison Outside City | 14.25 | 145 | 10.18 | 0% | Buyer |
If you are currently investigating buying or selling a Huntsville Home and not already working with a Realtor we would certainly welcome an opportunity to interview for your business and provide additional information in your particular price range across a number of Huntsville Neighborhoods around the area.
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