The National Association of Realtors reports consumers are responding to more favorable housing market conditions and are expecting sales to gradually rise throughout 2007. Time will tell whether or not this holds true locally, but let's take a look at January statistics.
The average sales price increased in January 2007 by approximately $6,857 or 4 percent from January 2006 to $181,314. The price per square foot, also, increased by 5 percent or $4.00 per square foot.
The number of homes sold increased during this time period by 17 percent or 58 homes, as market times increased by 13 percent or 11 days.
Date
Sold
Listings
Average
List Price
Average
Sale Price
Percent
SP/LP
Average
DOM
Average
Price
Sq Ft
Jan 2007
401
$184,666
$181,314
98.18%
96
$84
Jan 2006
343
$176,764
$174,457
98.69%
85
$80
Our housing market is off to an good start in 2007 with increased sales and prices. If the National Association of Realtors forecast for rising sales throughout 2007, it will be an excellent year to buy or sell a home.
Interested in what the market is doing in your neighborhood? Visit HuntsvilleHouseValue. We would be more than happy to email you the market activity - Actives and Sold statistics - in your Neighborhood!
Statistics are based on information for the Huntsville Chamber of Commerce and are deemed reliable but not guaranteed.
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