Home sales increased in Huntsville last month, but median price decreased
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In August, Huntsville homes saw a dip in median sale price compared to July, while the number of homes sold in the city limits increased month-over-month by more than 10 percent.
Here’s a look at real estate market trends in Huntsville and the surrounding communities in August.
Huntsville home prices take a small dip in August
After a few weeks seeing steady increases in median sales prices, homes in Huntsville saw a slight dip at $315,000 (a 2.5% decrease from July). Athens and Decatur saw median sales prices increase in August, while Madison experienced a similar decrease as Huntsville.
Here’s a look at some Huntsville metro real estate markets:
| City | Median Home Price August (% change from Julu) | New Listings in August (% change from July) | Homes Sold in August (% change from July) | Average Days on the Market (% change from July) |
| Huntsville | $315,000 (-2.5%) | 369 (-1.3%) | 283 (+10.5%) | 104 (+1.9%) |
| Athens | $306,445 (+2.2%) | 178 (+17.1%) | 127 (+8.4%) | 124 (-3.8%) |
| Madison | $380,165 (-2.1%) | 205 (-+6.2%) | 132 (-15.4%) | 134 (+0.75) |
| Decatur | $257,450 (+4.4%) | 97 (-9.3%) | 70 (-6.8%) | 97 (-1.0%) |
Source: Valley MLS
Where the housing market stands statewide
Take a look at some statewide trends for Alabama in August, from the Alabama Economic and Real Estate Report:
- Alabama had 6,146 home sales in July,a decrease of 8.6% from the previous month and 140 fewer than last July.
- The median sales price was $228,759, down 2.0% from June and $4,457 lower than a year ago. This is an annual decrease of 1.9%.
- The sold volume was $1.75 billion in July, a 5.9% decrease from June but an increase of $0.20 billion from last July. This marks a 12.9% annual increase.
- The 20,698 active listings at the end of July mark an increase of 19.2% compared to 17,368 one year ago.
- The 549 foreclosures in July, unchanged from June but up 22.8% year-over-year increase.
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