A flat pattern in Huntsville AL real estate sales activity could continue for the next couple months before improving over the summer, according to the latest forecast by the National Association of Realtors.
Lawrence Yun, NAR chief economist, said the extent of an expected recovery hinges on better access to affordable loans. "Things are beginning to improve, but the availability of affordable mortgages is uneven around the country and sometimes within metropolitan areas," he said. "As anticipated, we continue to look for a soft first half of the year, for both housing and the economy, before notable improvements in the second half. Some time is needed for FHA and new conforming jumbo loans to become widely available."
Below are the Huntsville AL real estate sales statistics for April 2008 lets see how our local market is faring:
Huntsville/Madison County Market Statistics
Date | Sold | Average | Average | Percent | Average | Average |
April 2008 | 413 | $198,265 | $193,236 | 97.46% | 90 | $90 |
April 2007 | 502 | $201,592 | $198,688 | 98.56% | 74 | $88 |
Summer is a great time to move! If you are interested in buying or selling Huntsville AL real estate, please call me at 256-508-0211 or visit MoveToHuntsville.com.
Statistics are based on information for the North Alabama Association of Realtors and are deemed reliable but not guaranteed.