The Huntsville housing market remained cool in December in comparison with 2021′s file setting 12 months.
However the market confirmed indicators of thawing as 2022 ended, with 538 properties offered in December. That’s 5 greater than had been offered in November, however nonetheless off the 847 properties that offered within the ultimate month of 2021.
“Issues actually began to look like they had been normalizing in December,” mentioned Exit Realty’s Chris Hulser, who’s president of the Huntsville Space Affiliation of Realtors. “Gross sales are nonetheless up. Persons are nonetheless relocating to Huntsville. People who find themselves listed below are nonetheless trying to downsize or upsize for no matter their wants are.”
Athens and Limestone County noticed an analogous development. In response to ValleyMLS, 143 properties offered in December, a rise from 128 in November, however nonetheless in need of December 2021, when 202 properties offered.
The Decatur metro space was an exception, seeing a slight lower in gross sales in December, dropping from 118 in November to 115. As was the case with the remainder of the realm, residence gross sales had been off the 2021 tempo, when 161 properties offered in December. The Decatur metro consists of Morgan and Lawrence counties.
In response to Hulser and Tim Knox of Revolved Realty, the most popular promoting properties had been these decrease than the typical gross sales worth, which in Huntsville and Madison County was $366,000. In Athens-Limestone, it was $358,000 and within the Decatur metro, it was $248,000.