Huntsville Real Estate Market

by Elizabeth Cooper-Golden

in Huntsville Housing Market

Southwest Huntsville Market Conditions

To continue our monthly absorption rate studies for various Huntsville Real Estate market segments, in this post we present a current market snapshot of Southwest Huntsville. This MLS area includes several Huntsville Neighborhoods across price ranges:

  • $100k-$200k: Bonaire Estates, Sherwood Park, Whitesburg Estates
  • $200k-$300k: Reserve, Bell Grove Manner, English Village
  • $300k-$400k: Natures Pointe, Olde Cobblestone, Lake Forest
  • $400k-Up: Reserve, Lake Forest

The following table illustrates this market segment segregated further by price. Note the variety of market conditions across the various price ranges. In this localized market example we see little price pressure in the low end where supply and demand is balanced, some moderate buyer side bias in the middle, and some downward price pressure in upper end homes where inventory is currently plentiful. Note how the current monthly supply steadily increases almost proportionally with price.

Southwest Huntsville – May 2008 Market Snapshot
Price
Range
Demand
Per Month
Current
Inventory
Months
of Supply
Price/SqFt
Market
Type
$100k – $200K 17 106 6.24 $89 Balanced
$200k – $300K 10 86 8.6 $97 Buyer
$300k – $400K 6 57 9.5 $112 Buyer
$400k – $500K 2 15 7.5 $111 Buyer
$500k – $600K 1 25 25 $111 Strong Buyer
$600k & Up .4 10 25 $145 Strong Buyer

Taking a look at an average pricing chart over the last 2 1/2 years shows some moderate home price appreciation, however like other MLS areas within Huntsville/Madison city limits, prices have basically flattened over the last year as demand has slackened and inventories have risen.swhsvpricesmay2008.pngWhen segregating this area further into neighborhood or neighborhood-groups the absorption rate of the mini markets can be invaluable in assisting a potential seller in pricing their home. For a buyer it is always nice to know when the pricing pressure is on your side of the market. If you are currently investigating buying or selling a Huntsville Home and not already working with a Realtor I would certainly welcome an opportunity to interview for your business so don’t hesitate to give me a call @ 256-425-1659.

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The data relating to Huntsville AL Real Estate on this Web site derive in part from the Valley MLS IDX datashare program. © 2016 Valley MLS, Inc. All information provided is deemed reliable but is not guaranteed and should be independently verified.

@Homes Realty Group
100 Providence Main Street
Suite B (above CVS)
Huntsville, AL 35806

Phone Numbers
Cell: (256) 425-1659
Office: (256) 585-6000
Fax: (256) 217-4073

Email Address
Elizabeth@atHomesRealty.com

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