Huntsville, AL Housing Market Report | August 2024

Huntsville Housing Market Report | August 2024 ( 00:00 - 00:10 )

The latest housing market data for August 2024 provides key insights into affordability, inventory levels, and the overall balance of supply and demand. Housing affordability in North Alabama has improved, with the median household income now aligning closely with the median home price. Inventory levels have seen a substantial rise, returning to 2018 figures, creating more options for buyers and signaling a shift towards a balanced market. The Huntsville, Athens, and Morgan County submarkets all exhibit unique trends, with some areas experiencing a noticeable uptick in sales and others providing more affordable opportunities for homebuyers. Understanding these trends is essential for both buyers and sellers as they navigate the evolving real estate landscape in North Alabama.

Key Takeaways from the August 2024 Housing Market Report ( 00:10 - 2:34 )
Huntsville, AL Housing Market Report ( 2:34 - 3:44 )
Athens, AL Housing Market Report ( 3:44 - 4:30 )
Morgan County Housing Market Report ( 4:30 - 5:14 )
New Listings, Pending Sales, Closed Sales, & Days on Market ( 5:14 - 5:57 )
Average Sales Price & Percent of List Price Received ( 5:57 - 6:59 )
Housing Affordability & Months' Worth of Supply ( 6:59 - 8:30 )
Overall Housing Inventory ( 8:30 - 9:20 )

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