October real estate report: Huntsville + Madison see increase in new listings
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October saw median home prices in Huntsville and surrounding communities increase from the previous month, but the number of new listings in and around the Rocket City saw a dip.
Madison saw increases in several metrics in October, including a significant bump in new listings.
Real estate stats at a glance
Huntsville, Athens, Madison and Decatur each experienced increases in median sales price, but some of those communities also saw decreases in the number of homes sold and the number of new listings.
Only Madison saw increases in October in median sales prices, new listings homes sold and average days on the market.
| City | Median Home Price in October (% change from September) | New Listings in October (% change from September) | Homes Sold in October (% change from September) | Average Days on the Market (% change from September) |
| Huntsville | $309,457 (+0.6%) | 356 (+22.8%) | 245 (-8.6%) | 112 (+1.8%) |
| Athens | $317,680 (+5.9%) | 182 (-7.6%) | 120 (-11.8%) | 129 (+3.2%) |
| Madison | $395,692 (+5.5%) | 221 (+12.2%) | 148 (+6.5%) | 139 (+0.7) |
| Decatur | $256,778 (+6.1%) | 81 (-19.8%) | 99 (+19.3%) | 115 (+7.8%) |
Source: Valley MLS
Statewide trends in September
Take a look at some statewide trends for Alabama in September, from the Alabama Economic and Real Estate Report:
- Alabama had 6,055 home sales in September, a 0.2% increase from August but a decrease of 1.2% (71) from last year.
- The median sales price increased by 0.6% from last month to $235,246, which is an annual increase of 8.6%.
- The sold volume was $1.70 billion in September, a 0.6% increase month-over-month and an increase of $0.23 billion from last September. This marks a 15.6% annual increase.
- The 20,765 active listings at the end of September mark an increase of 10.3% compared to 18,819 one year ago.
- The 554 foreclosures in September represent a 1.6% decrease since last month but a 27.4% year-over-year increase.
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