Huntsville Alabama Real Estate June 2008 Home Sales Activity & Comparison

Monthly Homes Sales History for the Huntsville Alabama Madison County real estate area shows an inventory of 3404 homes or a 7.15 months of supply of homes for the month of June.  2006 and 2007 had 2440 homes or 3.60 months and 3614 homes or 5.69 months of inventory respectively.  The chart below shows the monthly sales history for the months of January thru June for 2006 - 2008.  With the rising number of homes increasing in inventory and tightening lending it is becoming evident that we are in a buyers' market for the local Huntsville Alabama Madison County real estate area.  This usually means that current homes on the market will stay on the market longer with average days on the market (DOM) being 96 days whereas June 2006 and June 2007 was 63 and 68 respectively. The good news is that rates are reasonably low and there are several homes to choose from if your are searching for a new home in the Huntsville Alabama real estate area.  Buyers relocating to Huntsvile Alabama due to BRAC will find there are several new homes on the market with incentives that will appeal to buyers!  If you are considering a move to Huntsville Alabama, be sure to check out the following links for more information about the Huntsville Alabama Real Estate area and other real estate markets nearby:  {Relocating to Huntsville Alabama, Local News, Local Mortgage Rates, Local Schools, Office Listings, Condos, Townhomes, Search Huntsville MLS}

*Data obtained from NALMLS
--Information deemed reliable but not guaranteed--
(Search Criteria: 01, 02, 03, 04, 4E, 05, 5X
61, 62, 63, 64 Madison County, Huntsville City; Property Type: SF, PH, PC, TH)