August 2008 Sales History Report for Huntsville Alabama/Madison County Real Estate Area

Monthly Homes Sales History for the Huntsville Alabama Madison County real estate area shows an inventory of 3500 homes or a 8.33 months of supply of homes for the month of August.  The chart below shows the monthly sales history for the months of January thru August for 2006 - 2008.  Inventory rose from 6.86 to 8.33 months of supply of homes.  This trend is typical for this time of the year with the busiest time for home buying being the summer months prior to the new school year.  With the rising number of homes increasing in inventory, tightening lending, and weak US economic news it is becoming evident that we are back in a buyers' market for the local Huntsville Alabama Madison County real estate area.  The average days on the market (DOM) was 82 days for the month of August whereas August 2006 and August 2007 was 108 and 74 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--
Category - Residential / PropType: SF, CO, FH, PH, MH, PC, TH / Area: 01, 02, 03, 04, 4E, 05, 5X, 61, 62, 63, 64