The Volatility Under Average Home Prices

Tim Golden Licensed Real Estate Agent

by Tim

in Huntsville Housing Market

It’s Really a Rough Ride Down There

To follow-up on a couple of Huntsville Real Estate Market posts over the last couple of weeks, we wanted to give readers a brief example of the more volatile market conditions occurring underneath the seemingly calm sales and price averages previously reported in: Huntsville Home Sales and Huntsville Home Prices.

Generally using a year-over-year quarterly comparison broken out in the most popular price-ranges is helpful for this example, however November of 2009 was an aberration in the nominal market cycle due to the First Time Home Buyers Tax Credit expiration, thus for this example we will use a comparative 2 month sample of the slowest time of the year December and January.

Sales
Dec/Jan 09
Sales
Dec/Jan 10
Sales
%Change
Price
Dec/Jan 09
Price
Dec/Jan 10
Price
%Change
0 – 150k 150 147 -2.0% 63 75 19.0%
150k-250k 140 137 -2.1% 91 82 -9.9%
250k-350k 68 72 5.9% 107 99 -7.5%
350k-450k 36 26 -27.8% 117 119 1.7%
All 410 400 -2.4% 84 85 1.2%

Even Though The Surface is Smooth Sailing

Utilizing the table above and looking at the %Change columns for the ALL price-range row, we see a -2.4% decline in home sales in the Huntsville Metro Market and 1.2% increase in home prices between the same period this year vs last year. Now that’s pretty smooth sailing by almost any market standard and these are the typical numbers you will see published in the main stream media and by various national and regional RealtorĀ® associations.Ā  …and why not, these are absolutely accurate statistics and answer precisely what the media is asking and wants to know.

Nevertheless if you are a real estate consumer, buyer or seller, the precise detailed information broken out in your price-range and location is absolutely imperative prior to listing your home, if selling, and prior to making an offer on a home, if buying. Yes the chart above is still way too general and this is one of the primary reasons why you should always have personal representation prior to entering any real estate contract negotiation.

If you’re a potential consumer in our market and would like additional details regarding your own price-range and favorite locations please don’t hesitate to give us a call 1-800-531-5907 or simply drop us an email to get the ball rolling.

- Tim

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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.

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