Huntsville Housing Market – 2011 Begins with a Bang!

Elizabeth Cooper-Golden Huntsville Realtor

by Elizabeth Cooper-Golden

in Huntsville Housing Market

Woot – Woot!  What a difference a month can make, internally the Huntsville Housing Market has awakened from its deep autumn-winter slumber and buyers are out shopping in-mass. …Oh happy day!

January is consistently the slowest sales month of the year within the Huntsville Real Estate Market. …Thus its a good month to take a close look at, when gauging how the market is performing and where it may be headed;  …As expected, single family home sales within Madison County, declined from December’s 333 sales, to 250 transactions within January; a decline of 25% (month-to-month), which is quite seasonally typical.

Market Improves Year-over-Year

The more positive news is the year-over-year comparison showing a 14%  increase in home sales over the 219 homes sold in Jan 2010, with the 250 units closed this past month. On the surface a very positive trend, but also one where its too early to really tell.

Why? …because last Jan 2010 was not a typical month, due to the tax-credit expiration of Nov 2009; This accelerated closings into the later part of 2009 and thus Jan 2010 is especially out-of-wack on the very low-side of seasonal norms, …so we expected this year-over-year increase as well, due to this fact.

Huntsville Home Sales – June 2007 thru Jan 2011

Jan2011Sales

So Hey! …Where’s the Bang!

The bang I’m discussing is not yet in the closed sales figures but in early leading predictive indicators such as pending contracts, the number of showings, and local Realtor® work loads. Yes this activity is anecdotal evidence and not yet sales revenues we can count,  but its indicative evidence nonetheless.  …An example

For a number of reasons, our own website traffic is a good indicator of local area buyer activity. Our slowest day of traffic in 2010 was Dec 25th, no surprise there, our busiest traffic day was Dec 28th and it has just rocketed-upward from there; a big surprise to say the least!

WebStats

Click to Enlarge

January 2011 set all time records in the number of visitors searching homes on our website;  45,155 unique visits, 25,981 organic search-engine clicks, and over 589,485 page views; by far the busiest month since hosting the website 3 years ago.

Moreover, our phone is ringing off the hook and it is not just isolated to @Homes Realty, all of the other agents and brokers I have talked to this past month (and there have been several) all tell the same story.  ….The bang is on!  …as always stay tuned, we will be sure to update you on the market’s performance as the year rolls on.

- Elizabeth

3 comments on “Huntsville Housing Market – 2011 Begins with a Bang!

  1. Jane Peters on said:

    Well this does look like good news for the Huntsville Housing market. I will be looking forward to these number continuing upward.

  2. Greetings,

    Will you be reporting on Huntsville area market statistics again any time soon?

    I find interesting and slightly worrisome that you have not published any information since before the spring season. Are the new market statistics just too depressing or is there some other reason that you have stopped sharing the numbers and your refreshing expert interpretation of them?

    I have found your stats and analysis a useful tool in gauging the market as a potential future seller and certainly miss having them available. The information was much appreciated. It is THE reason that I started visiting your site a while back. Without the analysis, I’m not sure I will be back as a regular resource center viewer or potential client.

    Please bring back the market statistics!

    Thank you.

  3. Elizabeth on said:

    Hi LC,

    We sure hope to start backup our monthly market reports soon!

    However to be honest our business not only started the year with a bang …but then it went Bang! …Bang! …and Bang again! …Believe me, we understand that our current workload is not directly proportional with the overall market ups-and-downs. We are very fortunate to be among a few real estate groups that are actually gaining market-share in a down market.

    I know! …I know! …If one must have a business problem this is the one to have! …although it has been really tough keeping up with everything as you so apathy point out! …Sorry :(

    This year we have gone from 3-4 agents to 7-8 … our business has doubled thus far while having 5 months to go, and new expanded office facilities are in the works. …Our web traffic has hit all-time highs each month this year …with July topping out at over 60,000 unique visits and our phone rings off the hook. …hours per week are reaching their limits. :(

    Seriously, we are interviewing for more help this very week, and we hope, with additional help and the seasonal slow period right around the corner, we can get our publishing back to more normal levels of 3 times weekly …when we are able, market reports have been and always will be a big part of this effort.

    Thanks again for you comments …we have plans to get back at it ASAP …surly things are going to slow down soon!

    Elizabeth

Contact Us

Your email address will not be published.

HTML tags are not allowed.

Previous post:

Next post:

Search Blog


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

Facebook

Like us on Facebook

Twitter

Follow us on Twitter

Pinterest

Share with us on Pinterest

Google Plus

Join us on Google+

  © 2008-2015 @Homes Realty LLC All Rights Reserved