I am always anxious to see the new market stats come out for our Madison County area! So, we just got February and here it is. Things were a little cold in February and the market may have reflected that just a little bit. Average sales price for the Huntsville/Madison County market are down just a bit. Average price sits at 368,000 for February. In February of 2023 it was at 374,000 and take a look at this... In January of 2024 just this year the average price was sitting at 386,000. I think the January price increase was a little due to the better rates we had near the end of 2023. We actually saw a bit of a surge in prices near the end of 2023 and the market was moving pretty steadily for late in the year sellers. Watch out for those interest rate reductions to come back in the market. If the rate drops at all there is such pent up demand, the market will make another bit of a surge. Sellers if you are selling now is the time to get your home ready as we expect rates to decrease just a bit as the year goes along. Buyers you need to be ready when the home you have been waiting for hits the market. We are still at only 46 days on market and many homes are going much quicker.

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