Taking a look at median Huntsville Home Prices for April 2010 there is little to report other than the continuation of stable housing prices within the Huntsville Metro Area.
Nevertheless we are living in a time where a flat and stable real estate market is a very good thing. According to the Federal Housing and Finance Agency’s recent quarterly housing price index report, the Huntsville Metro Area was ranked 8th in the Nation out of the more than 300 metro markets followed by the report. Granted with a calculated annual price appreciation of only 0.17%, the local market does not currently scream out investment opportunity, nonetheless it sure beats the bottom of the list populated primarily by metro areas in Arizona, Florida, and Nevada where price deprecations in the range of -20% for the same time period are common.
Looking at April’s price results we see a continuing trend where home prices are moderately lower or flat year-over-year with average Huntsville Home Prices down -2.4% when comparing April 2009 with April 2010. Another trend we have been following also continues in that most of the price appreciation is resulting from the lower and upper ends of the market, where inventory is low in the case of homes below $150k and amenities often unique as is the case in the upper end of the market.
– Elizabeth
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