Huntsville AL Real Estate Sales Statistics - June 2011



Most Americans still believe that owning a home is a solid financial decision, and a majority of renters aspire to home ownership as a long-term goal. According to the 2011 National Housing Pulse Survey released today by the National Association of Realtors®, 72 percent of renters surveyed said owning a home is a top priority for their future, up from 63 percent in 2010.

Seven in 10 Americans also agreed that buying a home is a good financial decision while almost two-thirds said now is a good time to purchase a home. The annual survey, which measures how affordable housing issues affect consumers, also found that more than three quarters of renters (77 percent) said they would be less likely to buy a home if they were required to put down a 20 percent down payment on the home, and a strong majority (71 percent) believe a 20 percent down payment requirement could have a negative impact on the housing market.

Some key findings from this year's survey include:

  • Seven-in-ten Americans (71 percent) say requiring a down payment of twenty percent on the cost of a home would have a negative impact on the overall American housing market.

  • More than three quarters of renters (77 percent) say they would be less likely to buy a new home if they were required to make a 20 percent down payment. Among current homeowners, four-in-ten (39 percent) say they would not have been able to buy their current home if they been required to make a 20 percent down payment.

  • Having enough money for a down payment and closing costs is the largest obstacle that makes housing too expensive and unaffordable (82 percent say it is a "huge" or "medium-size" obstacle).

  • Two in every three Americans (67 percent) oppose eliminating the home mortgage interest deduction as one part of a plan to reduce the federal deficit. Underscoring the intensity of this opinion, a majority of Americans (51 percent) strongly oppose eliminating it.


  • Even more Americans (73 percent) believe that eliminating the home mortgage deduction would have a negative impact on the American housing market, while 65 percent say it would have a negative impact on the overall economy.

  • While fewer Americans than in the past agree, the overwhelming majority (72 percent) still say that buying a home is a good financial decision. Almost two–thirds (64 percent) say that now is a good time to buy a home.


The stalled economy continues to adversely affect the housing market. Confidence in job security is a top obstacle (80 percent say "huge" or "medium-size") to home ownership, while job layoffs and unemployment are ranked as the top problem facing Americans (61 percent say it is a "very big" or "fairly big" problem in their area).

Now take a look at the Huntsville's real estate sales for June.

Madison County/Huntsville Real Estate Sales Statistics

Huntsville and Madison County saw an increase of 8% in sold listings in June 2011 when compared to May 2011. The average sales price increased by 9% to $206,620. The average price per square foot increased by 8% in June and the average list price increased by 8%, while market times decreased by 6%.






























Date Sold Listings Average List Price Average Sale Price Percent SP/LP Average DOM Average Price Sqft
June 2011 430 $212,501 $206,620 97.27% 93 $82
May 2011 398 $196,831 $190,277 94.62% 99 $76

For more information about Huntsville AL real estate, please visit MoveToHuntsville.com or call me at 256-508-0211.

To begin searching Huntsville AL homes, please use my complimentary MLS search.

Statistics are based on information for the North Alabama Association of Realtors and are deemed reliable but not guaranteed.


Let us Help you Today!

Contact Mike