Reported by Danny Sullivan Owner Exit Realty at the Cove

HUNTSVILLE has been so fortunate to have not so affected by the Real Estate Crash that we have seen around the country. We currently have more jobs here than we have people to fill them. The Base Realignment and Closure or BRAC was scheduled to bring an influx of people here from the Virginia and DC area. Unfortunately their housing market there is really bad and they can’t sell their homes there to move to Huntsville. THE GOOD NEWS IS SOMEONE WILL FILL THESE JOBS AND THEY WILL NEED A PLACE TO LIVE!

HUNTSVILLE is currently experiencing activity with buyers searching for deals and sometimes making really low offers. Unfortunately for the buyers our market is still steady. Although we haven’t seen any real gains in the past couple of years, we also have not really seen any drops in values. I feel we are at the bottom of our market, so buyers it’s time to buy! Really good deals are out there in new construction with some awesome buyer incentives.

HUNTSVILLE home sales were up 20% for February compared to last month. 294 homes sold compared to 245. Average sales price ($195,464) and Median prices ($165,000) were off -6.1% and -5.2%, respectively. Compared to Feb 2008 the number of home sales was down 31.6%. Average home pricing was up 1.4% and Median price was up 5.8%.

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